It is the time of year to think about tax planning and to determine where to spend your charitable dollars. Arizona offers tax credits for donation to certain types of charities. The tax credit provides a dollar for dollar reduction in your Arizona taxes and in some cases an itemized deduction on your federal return. That means you could get more than a $1 tax benefit for each $1 you donate.
Like in 2017 there are two different due dates for the credits for 2018 tax year. Arizona has extended the date that you can donate by for most credits to April 15, 2019. If made after December 31st, the credit will be on your AZ return in 2018 and your federal return in 2019.
Military Family Relief-Donation due by December 31, 2018 (https://dvs.az.gov/mfrf):
Single $200; Married $400 – Unfortunately the limit has been reached for 2018 military family contributions.
Qualifying Charitable Organizations-Donation due by April 15, 2019:
Single $400; Married $800
List of Qualifying Charitable Organizations:
Qualifying Foster Care Charitable Organizations-Donation due by April 15, 2019:
Single $500; Married $1,000
List of Qualifying Foster Care Charitable Organizations:
Public School-Donation due by April 15, 2019:
Single $200; Married $400
School Tuition Organizations-Donation due by April 15, 2019:
Single $555 + $552 = $1,107; Married $1,110 + $1,103 = $2,213