Tax Credits - arizona state - CLick to LEARN MORE 2024-2025
This individual income tax credit is accessible for donations to Qualifying Charitable Organizations that cater to the immediate basic needs of Arizona residents who receive Temporary Assistance for Needy Families (TANF) benefits, are low-income residents of Arizona, or are individuals with chronic illnesses or physical disabilities. The tax credit can be claimed using Form 321.
The maximum donation amounts eligible for the QCO credit in 2023 are as follows:
$421 for single filers, married individuals filing separately, or heads of households
$841 for married individuals filing jointly
For the year 2024, the maximum QCO credit donation limits are:
$470 for single filers, married individuals filing separately, or heads of households
$938 for married individuals filing jointly
It's important to note that Arizona legislation permits donations to QCOs made during 2023 or between January 1, 2024, and April 15, 2024, to be claimed on the 2023 Arizona income tax return. The maximum credit claimable on the 2023 return for donations to QCOs is $421 for single filers, married individuals filing separately, or heads of households, and $841 for married individuals filing jointly. Should a taxpayer make a QCO donation from January 1, 2024, through April 15, 2024, and wish to claim the higher 2024 maximum credit, the taxpayer must declare the credit on the 2024 Arizona return, to be filed in 2025.
LEARN MORE : https://azdor.gov/tax-credits/credits-contributions-qcos-and-qfcos
The MASA Project of Arizona is dedicated to the vision of a world free from hunger, actively providing vital support to the community by serving free meals to the Unsheltered and low income populations.
Rooted in Arizona's Chicano heritage, our organization is committed to fostering compassion and restoring humanity within our local and neighboring communities.
As a grassroots charity, we believe in community-driven solutions that tackle a wide range of societal challenges, including social inequalities, racial injustice, disabilities, addiction, and economic instability.
Through unity and collaboration, Latino communities are coming together to envision a more empathetic future, where homelessness and addiction are met with compassion and understanding.
We Are MASA - Here to "Make Arizona Safe Again," one street, one plate at a time.
Together, we bring unity to the community.
