INDIVIDUAL TAX CONTRIBUTION
Helping those you care to pursue their dreams
As an Individual taxpayer, you will receive a dollar-for-dollar tax credit and may qualify to claim it as a donation on your federal taxes. (Consult your tax advisor). Your tax dollars enable a family to have a school choice and you become a part of a child’s life and his/her future. All Students can be recommended by individual tax contributors.
NOTE: A school tuition organization cannot award, restrict, or reserve scholarships solely on the basis of a donor’s recommendation. A taxpayer may not claim a tax credit if the taxpayer agrees to swap donations with another taxpayer to benefit either taxpayer’s own dependent. A.R.S. 43-1603 (C). Any designation of your own dependent as a potential recipient is prohibited.
DID YOU KNOW? You Can Allocate Your Income Tax WITHOUT Affecting Your Take Home Paycheck! See detail below:
You can contribute up to the combined maximum of the Original ARS 43-1089 and Switcher ARS 43-1089.03, or your Arizona tax liability, whichever is less, and receive a dollar-for-dollar Arizona state tax credit. If you have no liability, you cannot receive a dollar-for-dollar tax credit.
You must first contribute the maximum to the Original tuition tax credit program, in order to contribute the additional amount.
When you are filing your taxes, you can claim the tax credit by using the Arizona forms 301 and 323 along with state income tax forms. However, if you contribute to the Switcher program, you also need to file a 348 form. Also use AZ Schedule A to claim the federal deduction. All these forms and more can be found at azdor.gov.
TAX FORMS: 2018 Instruction
Yes! You may recommend anyone who is not your child or dependent. STO4KIDZ selection committee retains discretion regarding all awards. If you have no student preference, you have the option to recommend a private school of your choice. Your tax contribution will then be considered for students attending that school who have completed applications with STO4KIDZ, or you may contribute to STO4KIDZ general funds to be awarded to any qualified student at a private school. The law prohibits parents from swapping tax credit to benefit either taxpayer’s own dependent.
A minimum 90% of your contribution is used for scholarship award on a monthly basis.
Yes. STO4KIDZ will EMAIL you a tax receipt to the email address you provide on your contribution form within 24 hours after your payment is complete. If you have a question or would like us to MAIL you a receipt, please email us at INFO@STO4KIDZ.ORG .
STO4KIDZ is a 501(c)(3) non-profit, charitable organization. You should consult your tax advisor for your specific tax question.
We sincerely welcome and appreciate your support and participation in this most worthwhile program at no out of pocket cost to you.