Tax Credit Scholarships for Students of Life Prep Academy!
Dear friends,
We want to invite you to support Life Prep Academy's students with Your allocated tax dollars, at No Net Cost to you or your business.
We desire to scholarship EVERY CHILD who is or will be enrolled into our school. YOU can make this a reality for our community by redirecting a portion of your income tax liabilities to STO4KIDZ, a school tuition organization that will converts your taxes into tuition scholarships for our students.
The net cost to you is ZERO, yet it's invaluable to the students! A win-win! Your full contribution comes back to you as a tax credit, reducing your Arizona taxes dollar-for-dollar. When you contribute to STO4KIDZ. consequently, your contribution results in tuition scholarships to our students.
Since this provides a dollar-for-dollar tax credit against your state tax obligations, it won't affect your finances or other charitable donations. In essence, the cost to you and/or your company is zero, but it means the world to a child. (To learn more about the Arizona tax credits please click HERE)
Please view the brief program explanation videos at the end of this letter, For additional information, please visit STO4KIDZ FAQ page.
1) PERSONAL TAX CREDIT:
- For your convenience, here is a [step-by-step guide] to individual tax credit contribution.
- To make your contribution click [here]. You will be directed to STO4KIDZ donor form, where you can select and recommend Life Prep Academy.
- STO4KIDZ will email you a receipt for your taxes with instruction on how to claim your dollar-for-dollar tax credit. Please note this is not a donation, but it's income taxes that we all have to pay anyhow, even if you plan to file for an extension, as long as you contribute by April 15 of each year, (or the designated date set by IRS) you can take the tax credit. (ARS 43-1089) & (ARS 43-1089.03).
2) CORPORATE TAX CREDIT:
Arizona Corporate Tax Credit Program allows eligible businesses with an Arizona tax liability to allocate up to 100% of their taxes by contributing to a qualified STO such as School Tuition Organization 4 Kidz AKA STO4KIDZ, and receive a dollar-for-dollar tax credit at no-net-cost to participants. The company does not have to be based in Arizona, provided it pays Arizona tax liability. (A.R.S. 43-1183 & A.R.S. 43-1184)
ELIGIBLE CORPORATIONS:
- C-Corporations
- S-Corporations & LLCs that pay taxes as S-Corp,
- Insurance companies that pay Arizona income taxes on premiums can take the tax credit and allocate taxes towards education.
For more information about the corporate dollar-for-dollar tax credit program, you may visit STO4KIDZ website, or see the Corporate Tax Credit Fact Sheet.
The statewide corporate tax credit cap is open. When you are ready to take the step and support Transformational Technologies Academy's students please complete the Non-Binding Pledge Form here. STO4KIDZ will follow up with you promptly.
We are most grateful for your consideration to support Life Prep Academy
Pastor Ronda Ehlert, School Director: 928.636.4224
STO4KIDZ - Miriam Antolik: 602.698.8855
