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Tuition Tax Credit 2006-2007 School Year Martin Luther School |
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What is The Tuition Tax Credit?
A.R.S.
43-1089, The Tuition Tax Credit Law, allows Arizona taxpayers to receive a
dollar-for-dollar tax credit for contributions made to qualified school tuition
organizations. Beginning in 2006,
married couples filing a joint income tax return may contribute up to $1000
annually; those married filing separately and all other Arizona tax payers may
contribute up to $500 each annually.
What are the benefits?
Taxpayers will receive a dollar-for-dollar tax
credit on Arizona Income Tax.
Donations are also eligible to be claimed as a
deduction on Federal Income Tax returns.
How do I make a contribution?
Contact or visit the website of one of these tuition
organizations. You can designate
Martin Luther School on your form.
You can also recommend a recipient for your
donation, but the recipient cannot be your own child.
How do I apply for assistance?
Contact
the Martin Luther School office for the forms and information necessary to
apply.
This web site is not intended to offer tax or legal
advice.
Please contact the Arizona Department of Revenue,
the Internal Revenue Service or your tax advisor for specific advice.
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