Heroes for Kids - TAX CREDIT FUND
EVERY DOLLAR donated by an Arizona Tax Payer (up to $400 single or $800 married) will be RETURNED back to you when you do your taxes OR it will be applied to your tax liability if you owe taxes.
Very simply put, you are in essence, LOANING the Boys & Girls Club your dollars for a few months, until it is RETURNED back to you DOLLAR for DOLLAR after you complete you taxes!
DEADLINE EXTENDED UNTIL APRIL 15TH
two options to donate:
Frequently Asked Questions:
What is the Arizona Tax Credit for Charitable Organizations?
You may claim a tax credit for voluntary cash contributions you make during a taxable year to a qualifying charitable organization.
Is this the same as the School Tax Credit?
It is similar, however Arizona taxpayers are allowed to take advantage of BOTH tax credit opportunities. Which means you could give to the schools AND the Boys & Girls Club.
How much can I give?
The amount recently doubled. Married couples filing jointly can contribute up to $800. Individual filers can contribute up to $400. This is not the required amount…any amount will do! You can also make monthly contributions.
Do I have to itemize my deductions to claim the credit?
No. Any taxpayer who donates to a Qualified Charitable Organization may claim a tax credit.
How does it work?
What if I owe the state a remaining balance?
For example: If you have a remaining state tax liability of $800, since you donated $400 (single filing) tax credit, you immediately reduce the figure you owe to $400. That’s the final amount of state tax you owe.
What if the state owes me?
For example: If you are due a refund from the state of $200, since you donated an $800 (couple joint filing) tax credit, you immediately increase that figure to $1000.
Do I claim my Charitable Contribution as a tax credit or a deduction?
Your Charitable Contribution can be claimed as a tax credit since the BGCRV is considered to be a Qualified Charitable Organization. Please note: you cannot claim both a deduction and a credit for the same Charitable Contribution on your Arizona Tax Return, but you can claim it as a deduction on your Federal Tax Return.
Are there other restrictions?
If you have a very low taxable income, you could have state tax liability of less than $800. You might end up going beyond your tax liability. If in doubt, check with a tax advisor.
Can I Donate Online?
YES! Simply click on the button below and follow the prompts to set up a one time payment or monthly contributions.