What is the Arizona Charitable Tax Credit (ACTC)?
The aptly named ACTC is a tax credit that encourages Arizona residents to donate to their favorite charities by applying the amount of their donation to their income tax liability, thereby lowering their tax bill.
Who can participate?
Anyone who pays state income tax in Arizona should be able to participate in the ACTC. The maximum credit that can be claimed is $400 for single taxpayers and $800 for married couples filing jointly.
Why should I participate?
This incredible program means you can choose exactly where a portion of your tax dollars are spent! Because it is a dollar-for-dollar tax credit, you can give money to Back to School Clothing Drive each year without it actually costing you a thing! Because the money you donate to us is money you would owe to the state anyway – they just let you “pay” us instead of them!
How do I take advantage of the ACTC?
First, donate to Back to School Clothing Drive. Then, file your taxes and include AZForm 321. (Back to School Clothing Drive is a Qualified Charitable Organization identified by code 20462.)