IRS proposes eliminating federal deductibility of all state tax credit donations nationally. Learn More

Proposed IRS Regulation

The IRS issued proposed regulation on 8-23-18 that addresses the efforts of some high tax states to circumvent the new SALT (State and Local Tax) deduction cap.  Under the proposal, donations entitled to a state income tax credit could no longer be used for a Federal charitable deduction.  These donations would still be considered as […]

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AZTO’s next Award Cycle of the 2018-19 school year is November 20th. The donation deadline is October 31st.

November 20th is AZTO’s next Award Cycle for the 2018-19 school year for all participating schools. AZTO’s next award cycle of the 2018-19 school year is scheduled for November 20th.  A 2018-19 AZTO Application must be already submitted and approved for participation.  The 2018-19 Application is still available.  Recommended tax credit contributions and applications must […]

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AZTO’s 2018-19 Application is now open.

Arizona Tuition Organization (AZTO) is now accepting applications for the 2018-19 school year. The 2018-19 Application is now available.   An approved annual application must be on file for each participating student prior to the release of any tuition awards.  For AZTO’s largest award cycles, please apply before December 31st. We recommend applying before the start […]

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IRS Public Guidance Video on State Tuition Organizations

In 2012, the IRS Exempt Organizations Office created a video describing their perspective on state tax credit programs, recommendations, and restrictions governing the program. Arizona Tuition Organization (AZTO) is in compliance with state and federal regulations regarding School Tuition Organizations.  Please see the below link to view the video.  It is just under four minutes. […]

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Why the awkward credit limits?

The private school tuition tax credit limits adjust annually based on the Consumer Price Index of the Phoenix Metropolitan Area.   The Arizona Department of Revenue publishes these annual credit amounts. Tax Year 2017 maximum credit limits are: Original Tax Credit:  $1,092 for married couples filing jointly or $546 for individuals. PLUS Tax Credit:  $1,085 […]

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