Arizona offers an excellent way to support your child’s school at no cost to you. ARS 43-1089.01 allows individuals
to donate up to $400 (for married, filing jointly) per calendar year to PLC Charter Schools, or on behalf of one its Arts
Academies, and to receive a dollar-for-dollar income tax credit on your Arizona income tax return in exchange.
For example, consider an Arizona State income tax liability of $1,600. A $300 donation to PLC would generally reduce this
obligation to $1,300. In the same example, a $20 donation would reduce your state tax to $1,580.
As another example, consider a State tax liability of $100. A $400 donation to PLC would eliminate this obligation and
allow the remaining unused credit of $300 to be carried forward on your Arizona income tax returns for the next five years.
As a final example, in the case a refund is expected because income taxes were over withheld, as long as the State tax liability
exceeds the amount you contribute to PLC, then the income tax refund will be increased by the amount of your contribution. In
this case, if one would otherwise be entitled to a $100 refund on a $1,600 income tax liability, because $1,700 had been withheld
during the course of the tax year, then the refund would become $500 in the event your contribution to PLC was $400.
For unmarried taxpayers or as the head of a household, this credit cannot exceed $200. Married taxpayers who file separately may
still contribute $400 under this statute, but each may claim no more than a $200 credit on each their individual returns.
Your donation (payable to PLC Charter Schools by cash, check, credit card, or PayPal) must be received by December 31 of the
current calendar year to qualify for a credit on this year’s taxes. PLC will give you a receipt so you can claim the credit
when you file your taxes. PLC will also notify the Arizona Department of Revenue of your donation.
It is not a requirement that the taxpayer have a child enrolled in the school, so your family, friends, and employers
can also take advantage of this credit by donating to PLC. State law requires that money donated for the credit be used
only for character education programs and for extracurricular activities such as field trips, drama, music, athletics, and
other programs that supplement your child’s educational experience.
If you have any questions, please feel free to contact us at (602) 437-3927, and ask to speak to someone regarding the
Arizona Tax Credit Donations. Information can also be obtained from the Arizona Department of Revenue at (602) 542-3572,
at www.revenue.state.az.us, or from your tax advisor.
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