ARIZONA TAX CREDIT PROGRAM
Arizona Tax Credit Program
GIVE VOLLEYBALL SOME CREDIT!
Tax Credit donations provide critical funding for public school athletics at no cost to the generous donors. You can help our student-athletes get the most out of a comprehensive education by enhancing their interscholastic experience with contributions through Arizona's tax credit program. Contributing is easy and the impact is immense. Your tax credit contribution gives students an edge by learning more and doing better in their classes since kids who play sports in school are more likely to stay in school and succeed academically.
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More importantly, studies have shown that girls who play sports are more likely to graduate from college, land competitive jobs and work in male-dominated industries. What's more, a survey by Ernst & Young and espnW found that 94% of women executives participated in sports and more than half played at the collegiate level. Our mission is to prepare young women for the future and your tax contribution will promote this endeavor.
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The Arizona Department of Revenue has issued guidelines which allow an individual income tax credit of up to $400 (joint return) or $200 (single return) for any fees contributed by an individual taxpayer to a public school for the support of extra curricular activities (ARS 43-1089). A tax credit is a full refund of your money. It is not a requirement that the taxpayer have a child enrolled at Ironwood Ridge High School to donate.
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What YOU Will Get...
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A dollar-for-dollar tax credit off your Arizona State Income Tax return.
This is not a deduction… you are able to direct some of the money owed to where you want by making the donation. For a change, you will decide how your tax dollars are spent!
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An itemized deduction off your Federal Income Tax return. Check with your tax advisor on how this contribution could reduce your Federal tax liability.
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The knowledge that you’ve helped student-athletes achieve an experience they’ll remember for a lifetime! Your generous support assists our efforts to promote personal growth through athletics.
What the STUDENTS Will Get...
Any contribution to the Ironwood Ridge High School Volleyball Program greatly helps enhance the high school interscholastic experience for deserving student-athletes in the community.
Tax credit money is used for additional quality volleyball equipment including quality volleyballs, team bags and warm-ups, along with training and video review software, and facility improvements.
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Tax credit money also helps pay for team travel expenses and additional assistant coach salaries and tutors, giving each student-athletes more guidance and personal instruction during the season.
What is the benefit of making a Tax Credit gift to IRVB?
Tax Credit donations allow you to reduce the amount of your tax liability to the state dollar-for-dollar. For example, if you donate $400, your state tax credit will be $400. When you file your taxes in the spring, your state tax bill will be $400 less.
Either way, you are sending dollars directly to Ironwood Ridge High School (Volleyball Program) instead of the Arizona Revenue Service.
What do Tax Credit contributions support?
Your Arizona Public School Tax Credit gift to IRVB means supporting a volleyball program that provides a unique and competitive interscholastic experience for student-athletes. This provides opportunities that build character, leadership and teamwork beyond the classroom.
Do I have to be a resident of Arizona?
Yes, you must be a resident of Arizona to make a tax credit gift.
Do I have to have a child attending Ironwood Ridge in order to make a Tax Credit donation?
No, ANY individual or couple who pays Arizona State income tax can contribute!
How much Tax Credit can I give?
You can take this credit on any tax liability for state income taxes up to $200 on an individual tax return or up to $400 on a joint return. You may donate up to your $200 or $400 limit in recurring gifts during the calendar year, or donate the full amount with a one-time gift.
I have a child in private school, as well, can I still give to IRVB?
Yes, maximize your tax credits! You can give to IRVB to receive the Public School Tax Credit in addition to taking advantage of three other tax credits in the same year: Private School Tuition Tax Credit, Qualified Charitable Tax Credit, and the Qualified Foster Care Tax Credit.
Is there a specific tax form I need to file in order to receive a tax credit for my donation?
Yes, you will need to complete Form 322, additional information and instructions can be found HERE. The Arizona Department of Revenue now requires taxpayers to report the school’s 9 digit CTDS (County code, Type code, and District code & site code) number on Form 322.
Ironwood Ridge’s CTDS Code is: 10-02-10-280.
