Tax Credit Information

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button_Make a Tax Credit Donation 

NEW!  Beginning in 2016, credit eligible fees paid and contributions made to a public school from January 1 through April 15 of a calendar year may be used as a tax credit on the prior year’s tax return. For example, qualifying contributions made to a public school January 1, 2017 through April 18, 2017 may be used as a tax credit on either your 2016 or 2017 Arizona income tax return.

Since there is no longer a Dec. 31 deadline, the District Office will NOT be open to accept donations on December 31st.

HOW CAN I DONATE?

Submit your donation one of these ways:

  • Mail completed tax credit donation form included in Tax Credit Brochure below along with your check made out to "Tempe School District No. 3" to the District Office at 3205 S. Rural Rd., Tempe, AZ 85282.

  • Drop off the form and your check at the District Office (open 7:30 a.m. - 4:30 p.m. Mon. - Fri.) or at the school of your choice.  See Tax Credit Brochure (below) for list of schools and their addresses.  

Tempe Schools received $237,545.70 last year. Money was used for afterschool enrichment clubs, afterschool tutoring, field trips to support classroom curriculum, science excursions, student leadership training, afterschool intramurals and athletics. The Tempe schools appreciate the support of parents and the community. The students in Tempe have increased educational opportunities because of your donation.

WHAT IS A TAX CREDIT?

Provided you have a tax liability to the state, a tax credit will allow you to reduce the amount of your tax liability to the state (your state tax bill) or increase your refund from the state. The amount you donate will be the amount you may claim as a state tax credit. 

A tax credit is a dollar-for-dollar reduction in the actual tax owed and in some cases, can even increase your refund from the state.  For example, if you donated $50, paid $300 in taxes and are receiving a $250 refund, your refund will increase to $300. Either way, you are sending your tax dollars directly to the school(s) of your choice.

Check with your tax consultant to see if you could also be eligible for a deduction on your federal taxes to the Internal Revenue Service.

HOW MUCH CAN I DONATE?

Arizona law enables taxpayers a tax credit contribution of up to $400 per calendar year if filing status is Married, filing Joint Return; $200 per calendar year if filing status is Single or Head of Household; and, $200 per calendar year if filing status is Married filing separate return.

CAN MY EMPLOYER MATCH MY DONATION?

Many employers will match their employees' tax credit donations. Check your company's website to see if this option is available to you. In the past, we have received matching donations from the following companies:

Abbott Laboratories
Aetna
American Express
Bank of America
Charles Schwab
Express Scripts
Freeport McMoRan
Gannett
Intel
JPMorgan Chase
Medtronic
Wells Fargo

WHAT ELSE DO I NEED TO KNOW?

You do not need to have a child enrolled in one of our Tempe Elementary schools to be eligible for the tax credit. You do not have to be a Tempe resident to donate money. You may donate less than $400 dollars and still be eligible to receive the tax credit in the amount of your donation. You may also split your donation among more than one school.

For a list of the schools, click on the link at the bottom of the page.

WHAT WILL THE MONEY BE USED FOR?

Every Arizona Educational Tax Credit dollar designated to one of our Tempe Elementary schools will be used for extracurricular activities such as field trips to support classroom curriculum, athletic programs, music programs, afterschool clubs and student leadership training.

Any amount you can donate is greatly appreciated and will be put to good use by our schools.

For more information, please call (480) 730-7131. You may also download the documents below:

Tax Credit brochure - English
Tax Credit brochure - Spanish
AZ Dept. of Revenue Pub. 707 rev. August 2016
AZ form 322 Credit for contributions made or fees paid to public schools - 2015
AZ form 322 Instructions - 2015

 

 

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