A Stepping Stone Foundation Blog

Arizona Charitable Tax Credit

We’d like to make you aware of changes to the Arizona Charitable Tax Credit which could help you further reduce your state tax liability and help our children and families at the same time.  This tax credit called Arizona’s Tax Credit for Qualifying Charitable Organizations and is still available.  This is an ADDITIONAL tax credit –one you can take even though you may have already donated to the Public and/or Private school tax credits.


In fact, the maximum amounts have DOUBLED and the deadline was extended!


The maximum credit is now $400 for single taxpayers and $800 for married taxpayers filing jointly.  As of the writing of this letter, this donation can also be listed as a Federal Tax deduction if you itemize on your IRS return.  $800 provides 20 children with a full day of preschool.


Please help us reach our goal of $60,000 by December 31, 2016 by donating now to a Stepping Stone Foundation, which is a Qualifying Charitable Organization (you will find us on the official State of Arizona list in the ‘S’s).  If you have already donated, THANK YOU, and please forward this to a friend who may be able to take advantage of this opportunity to save on your Arizona state taxes and help local families, too. AND THANKS TO AN ANONYMOUS DONOR, YOUR GIFT WILL BE DOUBLED UP TO THE FIRST $10,000!!


You can donate on our website at: www.asteppingstone.org/donate or make checks payable to A Stepping Stone Foundation and mail (must be postmarked by March 31, 2017) to:


A Stepping Stone Foundation

PO Box 87149

Phoenix, AZ 85080-7149


This tax credit allows for donations made to qualifying organizations to be refunded to the taxpayer not as a deduction but as a dollar-for-dollar tax credit! For any and all tax advice, please consult with your tax professional.


More details can be found on the Arizona Department of Revenue website at: https://www.azdor.gov/TaxCredits/QualifyingCharitableOrganizations.aspx