Arizona Charitable Tax Credit
Arizona law allows taxpayers to redirect some of their state taxes to help the poorest in our state. Through this credit, you can lower your tax dollars AND help feed your community at the HCC. Truly a WIN- WIN for us all!
Please consider taking advantage of this credit by making a donation to HCCC and, in return, you will receive a dollar-for-dollar tax credit for up to $800 ($400 filing single and $800 filing jointly).
Harvest Compassion Center Chandler’s Qualifying Charitable Organization Code is 20813.
You may also visit: www.azdor.gov for more information.
Anwsers from a Certified Public Accountant to some Charitable Tax Credit questions:
How does the Charitable Tax Credit (CTC) work?
If you make a donation to an Arizona Qualified Charity, you can take a credit against your Arizona state income taxes. Harvest Compassion Center is a qualified charity. A credit is better than a deduction, as a credit is a dollar for dollar reduction in your tax liability.
Will I be refunded if I donate more than I owe?
First, be careful NOT to confuse “what I owe” with “what is my tax liability.” You may be getting a refund because you had more taxes withheld (from your paycheck, pension, other sources, etc.) than what your liability was. In this case, if you qualify for the CTC, you would get a larger refund. The direct answer to the above question is you cannot get a refund if you donate more than your income tax liability; however, any unused contribution may be carried forward and used up to 5 years after the donation.
Is there a limit to how much credit I can receive?
Yes. Your contribution amount, not to exceed $400 ($800 if married filing jointly). Otherwise there is a limit based on your income tax liability as discussed above.
How do I file for the credit?
No other forms are necessary when filing your tax return. Simply claim the credit in your tax return and submit your original receipt.
When is the last day I can donate?
The last day to donate is April 15th following the close of the taxable year. Be careful to ensure that if mailed, the POSTMARK date is 4/15 or earlier. If making a contribution by credit card, the transaction date must be 4/15 or earlier.
When will I receive a receipt from Harvest Compassion Center Chandler?
A hard copy receipt for all annual contributions will be mailed in January after the completion of the tax year. If you need a receipt immediately, please contact us for an electronic or mailed copy of your receipt.
If I donate on the last day but it doesn’t hit my credit card until a few days later, do I still get the benefit of the CTC?
The IRS will view the transaction date as the point of reference.
Can I donate to receive both School Tax Credit and the Charitable Tax Credit?
The state of Arizona has a number of independent tax credits. The Public School – Extra-Curricular Tax credit and the Private School – Tuition Organization credits are two of these. Each work similarly, yet independently. As long as your tax liability exceeds the credit parameters of each, you can take advantage of the many tax credit programs available including CTC.
Do you have to itemize to qualify for the CTC?
It is not necessary to itemize.