76 FRONTDOORS MEDIA | TAX CREDIT GIVING GUIDE HOW DO THE EDUCATION TAX CREDITS WORK? STUDENT TUITION ORGANIZATION TAX CREDITS Per the Arizona Department of Revenue, an individual may claim a nonrefundable tax credit for contributions to Arizona State Certified School Tuition Organizations that provide tuition scholarships to students attending K-12 Arizona private schools. Individual taxpayers (single, head of household and married filing separately) will claim the first $623 of their donations on Form 323. Amounts over $623, up to the maximum donation of $1,243 allowed for the 2022 tax year, will be claimed on Form 348. Married taxpayers filing jointly will claim the first $1,245 of their donations on Form 323. Amounts over $1,245, up to the maximum donation of $2,483 allowed for the 2022 tax year, will be claimed on Form 348. Arizona corporations and insurance companies who pay premium taxes in Arizona are also eligible to make Student Tuition Organization Tax Credit donations. Contact your preferred School Tuition Organization for more information. REMINDER! Use the Tax Credit Worksheet on the last page to take notes and record the Student Tuition Organization code for the schools you choose. You can choose more than one!

Private & Certified School Tuition Organizations $1,243 per Individual $2,483 per Married Couple Arizona Department of Revenue Form 323 & Form 348 Required NOTICE: A school tuition organization cannot award, restrict or reserve scholarships solely on the basis of donor 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. TAX CREDIT GIVING GUIDE | FRONTDOORS MEDIA 77