Arizona has extended the deadline to May 17th to make donations and claim the tax credit on your 2020 Arizona tax return to reduce your AZ tax liability.
We’re excited to be partnered with the AZ Tax Credit Funds this tax season.
If you are an Arizona resident, go to:
You can donate to a charity that you support and by doing so you will be rewarded with a tax liability reduction.
For example, if your Arizona state tax liability is $4,000, and you donate $1,000 to a QCO (qualified charitable organization), your Arizona state tax liability will now be $3,000.
You can donate as much as you want to whatever cause you support. However, you can only get a tax liability reduction equal to or less than the amount of your Arizona state tax liability. If you choose to contribute more than your state tax liability, those tax credits can be carried forward 5 years.
If you have any questions, feel free to reach out.