The Arizona Tax Credit Program allows Arizona taxpayers to contribute up to a maximum dollar amount per year for the support of extracurricular activities at the public or charter school of their choice and receive a dollar-for-dollar tax credit on their Arizona state income tax. The maximum dollar amount is determined each year by the Arizona Department of Revenue. Currently, those amounts are up to $200 for individuals and $400 for married couples (filing jointly). Please visit the Arizona Department of Revenue’s website for up-to-date information.
A recent regulation change for Tax Credit contributions allows families to make an eligible tax credit contribution up to April 15 for the following year (for example, April 15, 2016 for a 2015 Tax year contribution). Please visit the Arizona Department of Revenue's website for up-to-date information. Click on the 2016 Arizona Public School Tax Credit Form to support BASIS Flagstaff.
What do I have to do to qualify for this credit?
Contribute online to an existing BASIS Charter School by December 31, 2016. The school will mail you a receipt with the school’s tax code to verify your contribution. Then, when you file your state tax return, you may deduct the amount you contributed.
What if I owe money at tax time?
If you owe the state money, you owe less by the amount contributed.
Who can contribute?
Any individual filing an Arizona state tax return.
Is a charter school considered to be a public school?
A charter school is defined in ARS 15-101 as a public school. Therefore, contributions to a charter school in support of extracurricular activities are eligible for the tax credit.
Must a taxpayer have a child at BASIS in order to claim this credit?
Can I split the money between schools?
Where do I make an Arizona Tax Credit Contribution for a BASIS school?