‘Tis The Season for AZ Tax Credits - Choose Ryan House!
‘Tis The Season for AZ Tax Credits – Choose Ryan House!
by Susan Kricun
Is your holiday season “To Do” list piling up like the Andrews family in the photo above? We hope you’ll consider adding Ryan House to your list for your Arizona Charitable Tax Credit contribution.
Did you know that this state tax credit reduces your state taxes dollar-for-dollar? Help us provide the gift of comfort and care by designating your Arizona Charitable Tax Credit to Ryan House.
Individuals who file and pay income taxes can claim a personal tax credit of $400 maximum (individuals) and up to $800 as a couple. This Qualifying Charitable Organization tax credit is in addition to the following:
- Public School Tax Credit
- Private School Tuition Tax Credit
- Military Family Relief Tax Credit
- Foster Care Charitable Tax Credit
In addition to the Arizona State Tax Credit, the new federal CARES Act offers you deduction opportunities by providing a universal, above-the-line, deduction of up to $300 made by any taxpayer by the end of this year – whether you itemize or not. This will reduce your taxable income for 2020. That’s right. This is $300 you won’t have to pay taxes on, even if you don’t itemize.
Still have questions? Check out this super fun video, featuring our very own “Professor Joel,” as he teaches the ins and outs and the many benefits of Arizona Tax Credits. Watch and learn from the master himself at this link.
Every gift to Ryan House is a gift to kids like Joel who has been a part of our Ryan House family since opening our doors 10 years ago!
Read more here about Joel’s Ryan House journey as told by his mom, Jolyn, and learn what your support means to families like her’s.
Thanks for Your Support!