St. Joseph the Worker works exclusively with low income Arizona residents as they seek a way to pull themselves out of homeless and poverty. Thanks to the Arizona Charitable Tax Credit for Donations made to Qualifying Charitable Organizations, you can help St. Joseph the Worker provide homeless and low income individuals and families an opportunity to gain self-sufficiency, stability, and dignity; at no cost to you. And…you no longer need to itemize your deduction to qualify! Take $400 in full tax credit if you file individually or head of household, or $800 if married and filing jointly.
FAQ: The Arizona Charitable Tax Credit for Donations made to Qualifying Charitable Organizations
Q: What is the Arizona Charitable Tax Credit for Donations made to Qualifying Charitable Organizations?
A: The Charitable Tax Credit is a dollar-for-dollar charitable contribution you can give to 501(c)(3) corporations (nonprofits). With Arizona Charitable Tax Credit for Qualifying Organizations you can receive a dollar-for-dollar tax credit, up to $400 for individuals and up to $800 for married couples filing jointly, on your state income taxes while helping homeless become employed.
Q: How do I qualify for and claim the Arizona Charitable Tax Credit for Donations made to Qualifying Charitable Organizations?
A: If you make a cash contribution to St. Joseph the Worker and you file an Arizona state tax return, you may qualify for the tax credit.
The tax credit is claimed on Form 321, which is available on the Arizona Department of Revenue’s website.
Q: Can I take the Arizona Charitable Tax Credit for Donations made to Qualifying Charitable Organizations if I take the School Tax Credit?
A: Yes, they are separate credits and you are allowed to take advantage of both.
Q: What is the difference between a tax credit and a tax deduction?
A: A tax credit is significantly more beneficial than a tax deduction. A tax credit reduces your taxes, dollar-for-dollar. A tax deduction reduces the taxable income upon which your tax liability is calculated.
Q: Is St. Joseph the Worker a “qualifying charitable organization?”
A: St. Joseph the Worker is a tax exempt (501)(c)(3) organization that allocates at least 50 percent of its budget to services that help low income residents of Arizona. Services provided by our program qualifies St. Joseph the Worker as a “qualifying charitable organization.”
Q: What is St. Joseph the Worker’s assigned qualifying charitable organization (QCO) Code?
A: St. Joseph the Worker’s assigned QCO Code is 20248.
All certified charities are assigned a QCO Code. Donors are required to use this when taking the tax credit on their income tax returns.
Q: Can I make contributions to more than one qualifying charitable organization?
A: Yes, but the total Arizona Charitable Tax Credit for Donations made to Qualifying Organizations allowed is still $400 per individual or $800 for married couples filing jointly, regardless of the number of organizations you support.
Q: Where can I get more information about the tax credit?
A: You can get more information by visiting the Arizona Department of Revenue website or by calling Taxpayer Assistance at 602.255.3381 or 800.352.4090.
*Tax circumstances are different for everyone. Please consult your tax adviser for further information. St. Joseph the Worker is not a tax adviser.