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.
You can also read (or download) our Definitive Guide to the Arizona Charitable Tax Credit. It’s everything you need to know to take advantage of the Arizona Charitable Tax Credit.
Give a little, Get it all back:
Your donation to Phoenix Children’s Hospital will not only have life-changing impacts on our patients, it will also improve your bottom line. With the Arizona Charitable Tax Credit, your gift will keep giving for children, while generating real returns on your state income taxes.
It’s so simple: Phoenix Children’s Hospital is a 501(c)(3) organization that qualifies for the Charitable Tax Credit. When you make your gift to Phoenix Children’s, you can receive a dollar-for-dollar tax credit on your AZ state return – up to $400 for individuals and $800 for those filing jointly.
And every dollar you donate goes directly to providing ill and injured children with the best-in-class care that Phoenix Children’s has become known for. A win-win!
Frequently Asked Questions:
Phoenix Children’s Hospital is a 501(c)(3) organization and qualifies for the Arizona Charitable Tax Credit.
Q: How does the tax credit work?
A: Here are some general guidelines for using the Arizona Charitable Tax Credit. Please consult your tax advisor for advice on your specific tax situation.
- The gift must be made by an individual (corporations, foundations, partnerships, etc. do not qualify).
- The gift must be made in 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, the maximum credit is $800.
Q: Can I still make use of the Arizona Charitable Tax Credit despite changes to federal tax law?
A: Yes, the Arizona Charitable Tax Credit is still in effect! You can still claim the Charitable Tax Credit on your state tax returns.
Q: How do I file for the Charitable Tax Credit?
A: The tax credit is available regardless of whether you itemize your taxes or not. Use Arizona Form 321, “Credit for Contributions to Qualifying Charitable Organizations” to claim your tax credit. Click here to access and download Form 321.
Q: What is the deadline for contributing this year?
A:The deadline for making a contribution that would apply to the current tax year is April 15th. So you will have until April 15th of the following year to make a contribution for the current year.
Q: I currently use the Public Education Tax Credit. Can I use the Charitable Tax Credit as well?
A: Yes, these two tax credits are independent. You can therefore take advantage of both the Public Education Tax Credit and the Charitable Tax Credit on the same tax return.
Q: Can I make my charitable donation using payroll deductions?
A: Yes, you can make cash contributions through payroll deductions. Please consult with your employer to set up your payroll deduction. Your pay stub will act as proof of your donation.
Q: Does the Charitable Tax Credit also apply to my federal income tax returns?
A: The Charitable Tax Credit only applies 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: For cash and credit card donations, you will receive a receipt from Phoenix Children’s Hospital Foundation documenting your donations (minimum donation amount may apply). If you select payroll deduction, you will receive a summary of your deductions the January following your payroll deduction period.
Q: How do I verify that Phoenix Children’s Hospital qualifies for the tax credit?
A: Visit the Arizona Department of Revenue website to see if an organization is a qualifying charity.
Q: How does Phoenix Children’s Hospital utilize Charitable Tax Credit dollars?
A: 100% of your donations go directly to supporting Hospital programs, and bringing best-in-class pediatric health care to ill and injured children across the Southwest and beyond.