Arizona State Tax Credit: HCS is a Qualifying Foster Care Charitable Organization (QFCO)! You can donate up to $1,000 (married) or $500 (single) and qualify for the QFCO tax credit. AZ QFCO#10030 – Arizona Form 352
Federal Taxes: Included within the $2 trillion economic relief bill is a new above-the-line charitable tax deduction. 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
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Arizona has announced the deadline for filing state individual income taxes is now May 17, 2021. Taxpayers now have until May 17 to contribute to Hope Community Services and qualify for the AZ Qualifying Foster Care Tax Credit on their 2020 individual income tax return. LEARN MORE