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Arizona Tax Credit

Decide where your AZ taxes go!

*UPDATE*  Taxpayers now have until May 17th to contribute and qualify for the AZ Tax Credit on their 2020 tax return!

Go to azdor.gov to learn more about this update.

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.

Click here for Tax Credit FAQ.

View our tax credit flyer.

Learn more about AZ Tax Credits on the AZ Department of Revenue website.

Your Federal Taxes:

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!