At Frontdoors Media, we celebrate life in Arizona every day. But there is one more reason our state is exceptional. It’s one of the best in the country when it comes to tax credits for charitable giving. The Arizona Charitable Tax Credit repays you, dollar for dollar, on the money you donate to qualifying Arizona charities. You decide where your tax dollars go — and for most people, it doesn’t cost a thing. Is there a catch? Nope, just an Arizona tax credit limit. A married couple filing jointly can get credit for up to $800 donated to a Qualified Charitable Organizations (QCO). And QCO is just one of five categories of Arizona tax credit nonprofits. Each one is separate — so you can claim the maximum amount in all five categories. Keep reading for details about how this program works as well as a listing of nonprofits, foster care charities and school tuition organizations that have partnered with Frontdoors Media for the 2021-2022 tax season. We invite you to choose the organizations you want to support and take this publication to your next appointment with your tax adviser. That way, you have a direct say where your money goes, and Arizona nonprofits and schools get the support they need. It’s a win-win for everyone. With thanks, Karen & Teri Karen Werner | FRONTDOORS , EDITOR IN CHIEF Teri Tomlinson | COMMUNITY PARTNER P.S. For a complete list of all qualified tax credit entities, visit azdor.gov/tax-credits . The (Tax) Benefits of Giving HOW TO USE THE ARIZONA TAX CREDIT GIVING GUIDE IF YOU’VE CLAIMED ONE OR TWO TAX CREDITS IN THE PAST, check out the “Maximize the Tax Credit Opportunity” on PAGE 6 for a quick review of the four credits available. IF TAX CREDIT GIVING IS NEW TO YOU, start with the article on PAGE 7 . CUT OFF THE BACK COVER OF THE PUBLICATION to use the TAX CREDIT WORKSHEET as you are reviewing the list of organizations throughout the publication. The deadline is Tax Day annually to make these contributions and submit your forms to get your tax credit when you file. BY GIVING TO ALL FOUR CATEGORIES QUALIFIED FOSTER CARE ORGANIZATION TAX CREDIT $ 1,000 Married Couples Per Individual $ 500 Example: Mr. & Mrs. Smith give $500 to two Qualified Foster Care organizations or give $1,000 to one organization. TAX CREDIT OPPORTUNITY 1 MAXIMIZE THE ARIZONA QUALIFIED CHARITABLE ORGANIZATION TAX CREDIT Example: Mr. & Mrs. Smith give $800 to one organization or give $200 to four Qualified Organizations. Married Couples Per Individual $ 800 $ 400 2 PUBLIC EDUCATION TAX CREDITS PRIVATE EDUCATION TAX CREDITS $ 400 $ 2,435 Public School Tuition Organizations Private School Tuition Organizations Married Couples Married Couples Per Individual Per Individual $ 200 $ 1,219 3 4 Mr. & Mrs. Smith have tax liability of $5,000 and donated the maximum combined amount to all tax credits of $4,565 on their Arizona tax returns. They now receive a credit of $4,565 and their tax liability is $435. No catch, dollar-for-dollar assistance to their favorite organizations or schools. Married Couples $1,000 $800 $400 $2,435 $4,635 Per Individual $500 $400 $200 $1,219 $2,319 MAX OUT THE TAX CREDITS ✂ Arizona Tax Credit Giving Guide presented by BULL & BULL CERTIFIED PUBLIC ACCOUNTANTS * While there are no STO organizations in the Bullhead City area, you may want to consider supporting a private school in another part of Arizona. My 2021 Arizona Tax Liability: $_______________________________ 2021/22 TAX CREDIT DONATION WORKSHEET $ __________________ ___________________________________ $ __________________ ___________________________________ $ __________________ ___________________________________ $ __________________ ___________________________________ AMOUNT: ORGANIZATION: In the same year, you can take advantage of all four tax credits: the Qualified Charitable Tax Credit, the Qualified Foster Care Tax Credit, the Public School Tuition Tax Credit, and the Private School Tuition Tax Credit. To download and print this worksheet, go to aztaxcreditguide.com Cut here and take with you. Qualified Charitable Organization MAXIMUMS: Married filing jointly: $800 Filing single: $400 Private School MAXIMUMS: Married filing jointly: $2,435 Filing single: $1,219 Public School MAXIMUMS: Married filing jointly: $400 Filing single: $200 Qualified Foster Care Organization MAXIMUMS: Married filing jointly: $1,000 Filing single: $500 DON’T FORGET TO BRING THIS TO YOUR TAX ADVISER! *