Desert Sky Community School

122 N. Craycroft Road , Tucson , AZ 85711 (520) 745-3888

Arizona Tax Credit Program

The Arizona tax credit program is a wonderful and important way for parents, family and friends to support Desert Sky Community School . Tax credit donations go directly to the children and the programs here at Desert Sky Community School .

Our wish is that all families bring in at least TWO tax credits . Ask your parents, grandparents, friends, co-workers and neighbor to participate. But remember, participants must be Arizona taxpayers. If you have specific questions, please call the school at 520-745-3888.

What is a tax credit?

A.R.S. 42-1088 provides a state income credit of up to $400.00 for married couples filing a joint return, or $200.00 for single and head of household filers. These monies are used to support extracurricular and educational enhancement programs. This tax credit is an actual credit against income taxes.

What does the Education tax credit provide?

A.R.S. 43-1089.01 provides a credit against your Arizona income tax obligation for payment to the public/charter school of your choice. Payments must be made by Dec. 31 st to receive the credit on your return for that year. This law is unique because taxpayers are credited dollar-for-dollar against their Arizona income tax; it constitutes a free gift to support education.

How does a tax credit differ from a tax deduction? Can I claim both?

A tax credit is much more beneficial than a deduction. A credit reduces your Arizona taxes dollar-for–dollar while a deduction reduces the taxable Income upon which taxes are calculated. If you claim the tax credit, you cannot claim a deduction on your Arizona return. However, you may be able to claim an itemized deduction for the tax credit donation on your Federal tax return.

How do I initiate the Arizona Tax Credit Program?

It's easy! Just complete the form below and send it with payment to Desert Sky Community School . Make checks out to DSCS, or charge your contribution to your credit card.

How do I claim my tax credit?

The credit may be claimed on the designated lines on your Arizona income tax return. The credit will benefit you only to the extent that you incur an Income tax liability. If your tax liability is under $400/$200, you may send in a smaller amount, or the excess credit will be carried over to the following year. If you have excess taxes paid due to payroll withholding and the tax credit, the excess payroll withholding will be refunded.

Where can I obtain more information?

The Arizona Department of Revenue publishes a pamphlet, School Tax Credits (PUB 707), which is available by calling 602-855-3381 or 800-352-4090, or online at: www.revenue.state.az.us/brochure/schooltx/htm .

This flyer is not intended to provide tax or legal advice. Please consult the Arizona Department of Revenue, the Internal Revenue Service, or a tax advisor for specific guidance.

Desert Sky Community School

122 N. Craycroft Road , Tucson , AZ 85711 (520) 745-3888

2008 Tax Credit Donation Receipt #__________

For Donations Made to Desert Sky Community School CTD #: 108732000  

Single taxpayers may donate up to $200. Married taxpayers may donate up to $400. If married and filling separately, each spouse may claim up to ½ of the credit that would have been allowed on a joint return. If married, each spouse must include name.    

Date: __________

Donor #1 Name: ________________________________________________

Mailing address: _______________________________________________

______________________________________________________

Donor #2 Name: ______________________________________________

Donation:

Credit Card donations are accepted at our website www.desertskycommunityschool.org. Scroll down and click on ‘Online Giving’, then click on the ‘Network for Good’ icon to make your donation. At the ‘designation’ line please type in ‘tax credit donation.’ Credit card donations can be charged as monthly payments. Please see the directions at the website or call Emily at the school 745-3888 for assistance.

Your tax credit donation will be applied towards extracurricular and character building programs/activities including, but not limited to; instrumental music, choir, dance, sports, field trips, handwork, crafts, gardening and woodworking.  

Thank you so much for supporting these programs!