http://ascpa.wordpress.com/2008/12/01/arizonas-private-school-tuition-tax-credit/ Fri, 13 Nov 2009 13:13:30 +0000 http://wordpress.com/ hourly 1 http://ascpa.wordpress.com/2008/12/01/arizonas-private-school-tuition-tax-credit/#comment-61 Credit Crunch » Arizona’s Private School Tuition Tax Credit Mon, 01 Dec 2008 16:03:36 +0000 http://ascpa.wordpress.com/?p=249#comment-61 [...] The Hustle of Sistah Ant wrote an interesting post today onHere’s a quick excerpt If you make a cash contribution to a tuition organization that provides scholarships or grants to qualified schools before December 31, 2008 you would qualify for a dollar for dollar credit on your 2008 Arizona Income Tax Return. Thus if you donate $500.00 you will receive a reduction in your tax due of $500.00. This tax credit is limited to $500.00 for an individual and $1,000.00 for a married couple filing jointly. In Arizona a cash contribution includes cash, checks and credit card payments. This allows you to make a donation in December 2008, after your credit card billing cutoff, and not have the payment due until January 2009. You will receive a credit for the donation on your 2008 Arizona tax return and additionally can deduct the donation as a charitable gift on your Federal Tax Return (Subject to charitable donation limits of 50% of your adjusted gross income). […] [...] [...] The Hustle of Sistah Ant wrote an interesting post today onHere’s a quick excerpt If you make a cash contribution to a tuition organization that provides scholarships or grants to qualified schools before December 31, 2008 you would qualify for a dollar for dollar credit on your 2008 Arizona Income Tax Return. Thus if you donate $500.00 you will receive a reduction in your tax due of $500.00. This tax credit is limited to $500.00 for an individual and $1,000.00 for a married couple filing jointly. In Arizona a cash contribution includes cash, checks and credit card payments. This allows you to make a donation in December 2008, after your credit card billing cutoff, and not have the payment due until January 2009. You will receive a credit for the donation on your 2008 Arizona tax return and additionally can deduct the donation as a charitable gift on your Federal Tax Return (Subject to charitable donation limits of 50% of your adjusted gross income). […] [...]

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