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• 5811 N. 20th St.
  Phoenix, AZ 85016
  Phone: 602-955-5959
  

Arizona State Tax Credit

Want to do some good with your state tax dollars?

Thanks to the Arizona Tuition Tax Credit and the Arizona Christian School Tuition Organization, you can redirect up to $500 per individual ($1,000 per couple) from your tax liability and use it to help sponsor the tuition costs for one of our children at Valley Cathedral Christian School. Please stop by the table in the north foyer of the Sanctuary on Sunday and find out how you can help children in need receive the benefit of a quality academic and spiritual education.

The Arizona Private School Tuition Tax Credit Law, A. R. S. Section 43-1089, allows a married couple filing jointly to make a donation to the ACSTO up to $1000 in 2006 and receive a dollar-for-dollar tax credit against the taxpayer's Arizona state income tax. A single taxpayer is limited to $500. If the taxpayer has actual Arizona state income tax less than the maximum allowable, the available credit in a given year is limited to the actual tax. The law allows a carry forward for up to five years if a donation is made in excess of the actual state income tax due. Arizona State income tax forms 301 and 323 are used for claiming the credit.

The public school extracurricular activities tax credit of $300 for married couples filing jointly may be taken in addition to the private school tuition tax credit. These donations should be made directly to the public (including charter) school of your choice.

A taxpayer may also be able to claim a federal deduction for the donation. The taxpayer should consult their tax advisor for specific tax advice.

Check out www.acsto.com for more information, or download their Donation Card.