There is a simple and practical way to start to meeting these needs! Everyone has to pay taxes and in Arizona there are over 900 Tax Credit eligible nonprofits. Impact AZ desires to motivate ministries and givers to take full advantage of Arizona’s generous tax credit program that allows tax payers to direct their tax dollars to causes they would like to support; givers also receive a dollar-for-dollar credit toward state taxes.
Arizona Charitable Organization Tax Credit
Overwhelmed by all the needs you see in our state?
Since its inception, Impact AZ member organizations have raised a total of $6 million in tax credit donations. And the program has incentivized member non-profits to increase the tax credit donations they’ve raised by $1.75 million, above their baseline of annual donations.
How You Can Make an Impact
The state of Arizona has a unique program that allows taxpayers to give a “tax credit” gift (up to $470 for an individual and $938 for a married couple for the 2024 tax year*) to charities they’d like to support. This donation serves as dollar-for dollar credit applied to the taxpayers’ state tax liability if given to a tax credit qualified charity. As an example:
- State taxes owed: $1,000
- Donation to an eligible charity: $938
- State taxes now owed: $62
*For Foster Care Charitable Organizations, the amounts are $587 and $1,173. Donors may give to BOTH a Charitable Organization AND a Foster Care Charitable Organization in the same tax year.
