AZTO's 2019-2020 Application opens on March 18th. The 2018-2019 Application is closed. Learn More

IRS Regulation concerning Federal Deductibility of State Tax Credits

Is my Arizona tax credit contribution also eligible for a federal income tax deduction? Donations made after August 27, 2018 may not be eligible for an Arizona state credit and a federal deduction per proposed amendments to regulations by the Internal Revenue Service.  Arizona donors are still eligible to receive a dollar-for-dollar state income tax […]

Read More

Contribution Limits for Tax Year 2018: Original Credit $1,110/$555 and PLUS Credit $1,103/$552. Giving deadline is April 15, 2019.

2018 Private School Tuition Tax Credit Limits The Original Tax Credit Limits are: $1,110 for married couples filling jointly or $555 for individuals. The PLUS Tax Credit Limits are:  $1,103 for married couples filling jointly or $552 for individuals. The Total Private School Tax Credit Limits are:  $2,213 for married couples filling jointly or $1,107 for […]

Read More

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. […]

Read More

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 […]

Read More