Did you know that you can use tax credits to support your child’s education?
Arizona Tax Law ARS 43-1089.01 allows Arizona taxpayers to claim a credit of up to $200 per individual taxpayer or $400 per household if you contribute to an Arizona K-12 public or charter school. A tax credit is a dollar-for-dollar reduction in the income tax you owe the state of Arizona. Contributions must be made toward extracurricular activities or character education programs.
Current Tax Credit Limits
- Individuals: $200
- Joint: $400
Donations made to La Paloma Academy will help fund:
- Extracurricular Activities
- Character Education Programs
When you send a check to La Paloma Academy between January 1, 2016 and April 15, 2016, your state tax liability (the amount you owe the state) on your choice of your 2015 or 2016 taxes is reduced by the amount you send.
Payment Deadline
- By Mail: If you mail your check, payment must be received by April 15, 2016.
Please mail tax credit donations to:
La Paloma Academy
5704 E. Grant Road, Ste. 120
Tucson, AZ 85715
(520) 545-0575
For more detailed information, please talk to your tax advisor and visit: https://www.azdor.gov/Portals/0/Brochure/707.pdf.
