The Arizona Legislature has passed SB1216 and Governor Ducey has signed it into law.
What does that mean for you?
SB1216 increases the credit taxpayers can claim for cash contributions to a qualifying charitable organizations.
The credit will increase the Charitable Tax Credit from $200 to $400 for single filers and $400 to $800 for married couples filing jointly.
This contains a retroactive effective date of January 1, 2016.
Remember! You can donate to Save the Family and still participate in the Public and Private School Tax Credit programs!
If you have already made your charitable donation, we thank you and ask you share this opportunity with others.
*Tax circumstances are different for everyone. Please consult your tax adviser for further information.