Providing Scholarships for Arizona students attending Lutheran schools
Arizona Lutheran Scholarship Organization
The Arizona Private School Tuition Tax Credit Law allows a married couple filing jointly to make a donation up to $1000 each year to the Arizona Lutheran Scholarship Organization, Inc. and receive a dollar for dollar tax credit against their Arizona State income tax. This is a tax credit, not a deduction. A single taxpayer is limited to $500. If the tax payer has actual Arizona state income less than the minimum allowable, the available credit in a given year is limited to the actual tax owed. …
Goldwater Institute Daily Email
November 17, 2010
Harvard University’s Program on Education Policy and Governance has published a new report on the Arizona tuition scholarship tax credit. The report does a great deal to answer the misleading claims of some of the program’s critics. Vicki Murray of California’s Pacific Research Institute surveyed Arizona scholarship groups and found the tuition tax credit really does expand the options available for middle- and low-income families to educate their children…
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If I decide to donate, what is the process?
Complete the donation card and mail it with your check, or donate online. To receive credit for the current tax year, the donation must be received or postmarked by December 31.
Do I receive a receipt for my donation?
Yes, all receipts are mailed by January 31.
Do I get the entire $1000 as a state income tax credit?
Yes, if you are filing jointly and your state income tax liability is at least $1000, you can use it for that year’s …
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