Tax Credit Scholarships for VVBC families!
Dear Valley View Bible Church Family,
We invite you to support VVBC families with students in various private schools in Arizona with your tax dollars at no net cost to you or your business . Your tax credit contribution will have a huge impact on the families ability to send their precious children to a school that best meets each child's unique needs.
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 tax dollar-for-dollar when you contribute to STO4KIDZ. Consequently, your contribution results in tuition financial aid award to private school students in our church community.
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. Thank you for your consideration. (Additional Information: HERE)
Please view the brief program explanation videos at the end of this letter, You may also visit the 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 type [VVBC Students] in the donor recommendation section of the form.
- 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.
To learn more details of this program, how to take the tax credit and invest in VVBC students, you can also 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 dollar-for-dollar tax credit, please complete the [Non-Binding Pledge Form here].
We are most grateful for your consideration to support VVBC families with childern in private schoo!
VVBC Pastor John Heston: jheston@vvbc.org
STO4KIDZ - Miriam Antolik: 602.698.8855
