Support Your Childs School With Catholic Tuition Tax Credits
Does your child attend a Catholic school in Arizona? If so, you may be wondering how best to support the school. After all, you likely chose the school based on the quality of the education they provide your child. If you do want to help your child’s school thrive, you can use your state’s Catholic tuition tax credit law to your advantage.
Since 1998, Arizona legislation has allowed taxpayers to earn tax credits for donations they make to Catholic education programs and schools.
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These tax credits can offset the amount you pay on your taxes, so instead of funneling that money toward miscellaneous government expenses, you can direct it to your child’s school.
The video above shows how to make the best use of these tax credits. First, you will need to figure out your tax liability to determine how big of a tax credit you will be able to take. Once you have figured that out, you can maximize the amount you can donate to your child’s school if you want to make the entire donation tax deductible. Make sure to get a tax receipt from the school. This will allow you to claim your donation for credit when you file your taxes.
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