Arizona provides a few opportunities to individuals for tax credits, one being the Arizona Charitable Tax Credit. A tax credit means that you will receive a dollar-for-dollar credit (up to the maximum allowable amount) on your Arizona state taxes for the amount you donate to a qualifying charitable organization like Ryan House. For example, if you donate $400 to Ryan House, your state tax liability will be reduced by $400.
While there is no minimum donation amount required to receive a tax credit, there are maximum dollar amounts that can be donated per fiscal year. For 2020, individual filers can donate up to $400 to receive a $400 credit and joint filers can donate up to $800 to receive an $800 credit.
*Please note that Arizona Charitable Tax Credit donations are separate from Public School Tax Credits and School Tax Credit Organizations. This means that you can donate up to the allowable amount for Arizona Charitable Tax Credits AND one or both of the other state tax credit options listed above to maximize the tax credits on your tax return.