Tax credit contributions are subtracted from what you owe in taxes, dollar-for-dollar. The Arizona Private School Tuition Tax Credit allows Arizona taxpayers to give to APSTO and you will receive a dollar-for-dollar tax credit against your Arizona Income Taxes. APSTO issues Tuiton Scholarship to eligible students attending one of APSTO’s approved participating schools.
Here is how it works:
DETERMINE YOUR STATE TAX LIABILITY.
How much will you owe Arizona at the end of the year?
- DECIDE HOW MUCH YOU WILL DONATE.
You can carry unused credit forward for up to five years. (Unused credit is anything you donated up to the maximum that you couldn't actually use, most often due to a lower-than-expected tax liability.) Anything beyond the maximum listed above would be considered a charitable contribution.
You can contribute up to the combined maximum of the Original ARS 43-1089 and Switcher ARS 43-1089.03, or your Arizona tax liability, whichever is less, and receive a dollar-for-dollar Arizona state tax credit. If you have no liability, you cannot receive a dollar-for-dollar tax credit.
You must first contribute the maximum to the Original tuition tax credit program, in order to contribute the additional amount.
- MAKE YOUR DONATION.
APSTO & state law allow you to recommend a particular student or school benefit from your donation. To recommend a school or student, simply fill in that portion of the donor form as desired.
- CLAIM YOUR CREDIT.
In order to claim the tax credit for your donation, you must file Arizona tax forms 301 and 323 along with your Arizona income tax forms. If you make an Overflow/PLUS/Switcher donation, you must also file Arizona tax form 348.
STILL HAVE QUESTIONS CALL US AT 480-256-1001 OR EMAIL US AT INFO@APSTO.ORG