of Arizona allows taxpayers to substitute their tax payment for a contribution to an STO (School Tuition Organization) and
receive a DOLLAR-FOR-DOLLAR TAX CREDIT on their AZ taxes!
Tuition Tax Credits
Original Individual Tax Credit
New Overflow Tax Credit
Total Tax Credit
Do you pay state taxes???
Where is your money going???
Are you tired of letting the state decide where your
tax money is being spent? Would you like to see more of your tax dollors working in the local community? Are you
passionate about the education of our next generation leaders?
Join the thousands of taxpayers in Arizona who participate in the Tax Credit
prgram each year. The quick version goes like this: you donate to a School Tuition Organization(STO), whose sole purpose
is to allocate that money to pay tuition for students at qualifying private schools. In return, you receive a DOLLAR-FOR-DOLLAR
tax credit(better than a deduction!) for the amount of your donation(up to $503 for single taxpayers, and $1006 for married
filing jointly). You may recommend your donation for a particular school, and a particular student. There's a
Corporate Credit and an Overflow/Plus Credit(an additional $500 for single taxpayers, and $1000 for married filing jointly)
too! Arizona has allocated over $17 million for the Corporate Tax Credit program and there is no limit to how much of
that $17+ millioncan be used against your C-Corp's Arizona tax liability.
A school tuition organization cannot award, restrict,
or reserve scholarships solely on the basis of donor recommendation.
A taxpayer may not claim a tax credit if the tax payer agrees to swap donations with another taxpayer
to benefit either taxpayer's own defendent.