Foster Care Arizona Tax Credit

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Foster Care Arizona Tax Credit. The new deadline is may 17, 2021. Tax credits, more valuable than tax deductions.

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What is the arizona foster care tax credit? Qualifying charitable contributions of up to $500 for single taxpayers and up to $1,000 for married taxpayers filing jointly can be deducted directly from your state income taxes. This is a charitable contribution you can give to qualifying 501(c)(3) organizations that work with over 200 foster children in a year.

Arizona taxpayers may now contribute to both the charitable and foster care tax credits for a total of up to $1800.

There are about 14,000 children in the foster care program in arizona. The charity must spend at least 50% of its budget on services to qualified individuals in this state. Qualified foster care charitable organization. Foster care tax credit arizona offers a tax credit to state residents who support local schools and eligible nonprofit organizations, including arizona friends of foster children foundation.