By making a monetary donation to HCS, you can redirect your AZ tax dollars from the general tax pool to helping Arizona’s vulnerable children.
HCS is a Qualifying Foster Care Charitable Organization (QFCO#10030).
This means you can claim your donation on your AZ state taxes and get a dollar-for-dollar credit – reducing the amount you owe. The maximum allowable tax credit is $500 single, or $1,000 for married filing jointly.
Your donation can help provide:
therapy to a child who has experienced trauma
parent skills training to help strengthen families
safe placement for Arizona’s children in foster care
high-quality care for our equine horses
Here is how it works:
Example: Single taxpayer making $30,000 | Owes AZ State Taxes 3.36% = $1,008 (view IRS website for current rate) | Donates $500 to HCS for tax credit | Reduces taxpayer’s liability from $1,008 to $508 | The individual would end up paying $508 to the State of Arizona. ** Please consult your tax advisor for advice on your specific tax situation.
Included within the $2 trillion economic relief bill is a new above-the-line charitable tax deduction. At this time, for only tax year 2020, taxpayers will be able to deduct up to $300 for charitable giving – and you don’t need to itemize deductions on your 2020 tax return to receive this deduction.
*2021 Update: this deduction has been extended to 2021, and the cap in 2021 for married filing jointly is increased to $600
All donations to Hope Community Services are used to create lasting solutions for children and families!