Through the Arizona Charitable Tax Credit you can give to Phoenix Children’s, and get it all back!
Watch the video to hear Austin explain how the process works, what the deadlines are, and how contributions benefit Phoenix Children’s Hospital.
Then, read the frequently asked questions below, and make your donation today.
Frequently Asked Questions:
Q: How does the tax credit work?
A: Here are some general guidelines about using the Charitable Tax Credit. Please consult your tax advisor for expert advise on your specific tax situation.
- The gift is from an individual (corporations, foundations, partnerships, etc. do not qualify)
- The gift is cash (in-kind donations such as toys, books and services do not qualify)
- The maximum credit allowed for single taxpayers or heads of households is $400, for joint taxpayers it is $800
Q: How do I verify the organization I support qualifies for the credit?
A: Visit the Arizona Department of Revenue website to see if an organization is a qualified charity.
Q: I currently use the Public Education Tax Credit. Can I do the Charitable Tax Credit as well?
A: Yes, each tax credit is independent. Therefore, you can take advantage of both the Public Education and Arizona Charitable Tax Credits.
Q: Can my charitable donation be made through payroll deductions?
A: Yes. You can make cash contributions through payroll deductions. Please consult with your employer to set up your payroll deduction.
Q: How does Phoenix Children’s utilize the Charitable Tax Credit dollars?
A: 100% of all donations go directly to support the Hospital.
Q: Does the tax credit also apply to my federal income tax returns?
A: The Charitable Tax Credit applies only on your Arizona State income tax. However, you may be able to claim a federal tax deduction for the amount donated.
Q. How do I document my contribution?
A. Phoenix Children’s Hospital will send you a receipt confirming your contribution. This receipt documents your contribution and is necessary to support your tax credit. Payroll deductions also require a pay stub receipt.
Q. How do I file for the credit?
A. More information on the tax credit, including how to claim the tax credit on your taxes can be found here.
Q: When is the deadline to contribute for 2016?
A: Any donation made on or before April 18th, 2017 can be applied toward your Charitable Tax Credit for your 2016 Taxes.