Frontdoors Magazine November 2018 Issue

Page 30

NEXT DOORS {ahead of the curve}

Tax Credit Contributions Becoming the

FUEL OF THE NONPROFIT COMMUNITY Tom Evans | Contributing Editor

Arizona’s nonprofits are becoming increasingly fueled by Arizona’s tax credit contributions. And despite changes on the federal level, these tax credits appear to be here to stay.

• Arizona Qualifying Charitable Organizations, a catch-all for a broad swath of nonprofits. Limits are $400 for individuals and $800 for married couples.

First, for the uninitiated — the state of Arizona offers an opportunity to receive a dollar-for-dollar credit on your state income taxes when you donate to qualified organizations in five categories:

• Qualifying Foster Care Organizations, with limits of $500 for individuals and $1,000 for married couples.

30  FRONTDOORS MEDIA | NOVEMBER 2018

• Public School Tax Credit Organizations,


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.