Arizona increased tax credit contributions for qualifying charitable and foster care organizations, retroactive to January 1, 2016. Donations to qualifying charitable and foster care organizations are claimed as separate credits with separate limitations for each. See the State of Arizona Department of Revenue for qualifying organizations.
Tax credit increases for qualifying charitable organizations:
+ Single individuals or head of households from $200 to $400
+ Married couples filing jointly from $400 to $800
Tax credit increases for qualifying foster care charitable organizations:
+ Single individuals or heads of household up to $500
+ Married couples filing jointly up to $1,000
Contact one of our tax advisors to discuss eligible contributions and your situation.