IRS eliminates federal deductibility of all state tax credit donations. 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 are not eligible for an Arizona state credit and a federal deduction per recent IRS determination.  Arizona donors are still eligible to receive a dollar-for-dollar state income tax credit.  Donations made on or prior to […]

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AZTO’s next Award Cycle of the 2018-19 school year is January 24th. The donation deadline is December 31st.

January 24th 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 January 24th.  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 available thru February 28th. 2019-2020 Application opens on March 18th

Arizona Tuition Organization (AZTO) is accepting applications for the 2018-19 school year thru February 28th. The 2018-19 Application is available now thru February 28th.   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 the start of […]

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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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