Did you know you can donate to a “Private School Tuition Organization” and receive a dollar-for-dollar direct income tax credit against your 2023 Arizona Income Tax? Noah’s Ark qualifies! This is far better, from a tax perspective, than making an ordinary donation.
There are limits, of course. You can donate up to $623 for a single taxpayer or $1,245 for married taxpayers filing jointly. You will need forms AZ301 and AZ323 (which are not yet posted for 2023 on the Arizona Department of Revenue website). You can donate up to April 15, 2024 and still qualify for your 2023 Arizona return.
This a great way to help our Noah’s Ark and ease the pain of paying state income tax.
If you have any question, track me down!
God’s Grace,
Roger Herd, Treasurer
