About The Arizona Private School Tuition Tax Credit:

The Arizona Private School Tuition Tax Credit was signed into law in 1997 as A.R.S. Section 43-1089. The tax credit is equal to the amount contributed for Arizona taxpayers, up to a limit. Married taxpayers that file a joint return, may contribute up to $1,000 in 2008.  Single taxpayers or heads of household may contribute up to $500. If the contributed amount is greater than the actual income tax liability, the available credit is limited to the actual tax liability. The law allows a carry-forward for up to five years to utilize the credit. For more information see FAQ’s and go to Arizona Department of Revenue for a description of the Tax Credit Law @ http://www.revenue.state.az.us/brochure/707.pdf.

Federal Income Tax Deductibility

AZTO is a federally exempt 501(c)3 charitable organization.  Your donation may be eligible for a federal deduction if the donation is given without any recommendation(s) for specific recipient students.  You should consult your tax adviser for specific tax advice concerning deductibility for you.  More information can be found at www.irs.gov. 

Arizona Tuition Organization, Inc. (AZTO) meets all of the state’s regulations concerning Student Tuition Organizations:

1. AZTO is a non-profit 501(c)(3) corporation under the Internal Revenue Code.
2. Arizona requires that all tuition organization allocate at least 90% of its annual revenue to scholarships & grants. AZTO allocates at least 93% of its annual revenue for tuition grants & scholarships, thus going beyond the state’s guidelines. Most other tuition organizations merely comply with the Arizona Statues in allocating 90%.
3. AZTO makes its scholarships & grants available to students from more than one qualified school. AZTO partners with various Christian schools to award grants & scholarships to K-12 Arizona students (see School List for the participating schools).

Filing For Your Tax Credit:

You can retrieve Arizona tax form 323 and 301 for 2007 from the Department of Revenue's website www.revenue.state.az.us .  Please note that the tax credit forms for 2008 are not available until late in the calendar year. The links for the forms are as follows:

FORM 323:   http://www.azdor.gov/Forms/2007/323_f.pdf

INSTRUCTIONS FOR FORM 323:  http://www.azdor.gov/Forms/2007/323%20instructions.pdf

FORM 301:  http://www.azdor.gov/Forms/2007/301_f.pdf

INSTRUCTIONS FOR FORM 301:  http://www.azdor.gov/Forms/2007/301%20instructions.pdf