AZTO’s first award cycle for all participating schools of the 2019-2020 school year is scheduled for July 19th. Awards will include the funding from the Original and PLUS/Overflow credit programs. A 2019-2020 AZTO Application and board approval are required for participation. The deadline to submit an application for this award cycle is June 30th. Considered […]
Apply Now! AZTO’s 2019-2020 Application is open.
AZTO’s 2019-2020 Application opened on March 18th. For AZTO’s largest award cycles, please apply before the start of the new school year. Only one annual submission per participating student is required.
Contribution Limits for Tax Year 2019: Original Credit $1,138/$569 and PLUS Credit $1,131/$566. Giving deadline is April 15, 2020.
2019 Private School Tuition Tax Credit Limits The Original Tax Credit Limits are: $1,138 for married couples filling jointly or $569 for individuals. The PLUS Tax Credit Limits are: $1,131 for married couples filling jointly or $566 for individuals. The Total Private School Tax Credit Limits are: $2,269 for married couples filling jointly or $1,135 […]
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. […]
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 […]