How does ACSTO work?
When an Arizona taxpayer makes a donation to ACSTO, they receive a dollar-for-dollar credit against their state tax liability. This means that at the end of the year, if they would normally get a refund, they’ll get a bigger refund. If they normally owe taxes, they’ll owe less.
Is ACSTO a 501c3?
ACSTO-website Cochise Christian School Tuition Organization (CCSTO) is a 501(c)3 nonprofit organization and was incorporated in 2002. Our purpose is to assist children in receiving an Arizona tuition scholarship to attend the Christian school of their choice.
How do I donate to ACSTO?
To make a donation, visit the donor portal on the ACSTO website: Donors can also choose to donate by phone at 480-820-0403 or by mail. Mail donations with a donation card to PO Box 6580, Chandler, AZ 85246.
How does the Arizona tax credit work?
The Arizona State Tax Credit program allows you to make a donation to an eligible organization and receive a dollar-for-dollar credit against Arizona state taxes owed. In general, you must make your tax credit donations by April 15, 2021, in order for them to apply to the 2020 year.
What is the maximum Arizona Tax Credit?
The tax credit is claimed on Form 321. The maximum credit allowed is $800 for married filing joint filers and $400 for single, heads of household, and married filing separate filers.
How do I claim AZ tax credits?
To qualify for the Arizona Charitable Tax Credit, donations must be made to state-certified QCOs or QFCOs (Chapter 3). The deadline for making a donation and claiming a tax credit under the AZ Charitable Tax Credit for 2020 has been changed from April 15, 2021 to May 17, 2021 (Chapter 4).
What is a switcher scholarship?
“Switcher” Individual Income Tax Credit Scholarship Program Arizona offers tax credits to individuals supporting school tuition organizations (STOs), nonprofits that provide private school scholarships to students in need.
