Thank You For Taking The Credit!
On behalf of the students, faculties and staffs of all of our Amphitheater schools THANK YOU for taking advantage of the $200 ($400 for married couples filing a joint return) Arizona Schools Tax Credit!!
Your Contributions to the many extracurricular funds at our schools are very much appreciated. The money you provided as part of your Arizona School Tax Credit contribution goes a long way toward helping our students, and we appreciate that.
The Tax Dollars you contributed help our school extracurricular programs such as band, orchestra, athletics, library clubs, field trips, science clubs, computer clubs, and many, many more. Your contribution helps purchase needed equipment to support these clubs and programs, and, in many cases, help students throughout the school as well. Extra-curricular activities help children develop qualities such as leadership, cooperation, and personal growth. They also provide safe, supervised activities for students.
Please remember to take your receipt with you when you visit your tax advisor next year, or to include the receipt with your tax forms.
Remember, the Arizona School Tax Credit is a Genuine "Two-fer." If you contribute to the Arizona School Tax Credit, that money might also be a "Tax Deduction" on your Federal Income Tax form. See your tax advisor or refer to Arizona Law (A.R.S. 43-1089.01) for additional details.
For additional information about the Tax Credit and how to make a contribution, contact Amphitheater District Business Manager Cliff Wadhams by phone: 520-696-5123 or by email: firstname.lastname@example.org.
Okay, so how does the "tax credit" work?
Just send a donation by check or money order to the Amphitheater School of your choice. Your donation may be designated for the general support of extracurricular programs at the school of your choice, or you may designate a specific extracurricular program. You may also specify that your donation is a fee to cover the cost of a specific child's participation in a specific activity.
Then, when you fill out your Arizona tax return, you may subtract the amount of your contribution up to $200 maximum ($400 for married couples filing a joint tax return) from what you owe in taxes for the year. It's not just a deduction; it's a credit. Back to top.
For a change, YOU decide how your tax dollars are spent. Well all that's nice, but I don't have kids in school.
So, I guess I can't take advantage of this tax credit, RIGHT?
In fact, YOU CAN TAKE ADVANTAGE of the Tax Credit, kids in school or not. If you pay Arizona Income Tax, you can take advantage of this opportunity. Everybody wins. You gain a Tax Credit, and the School of your choice gains $200*.
There are no free lunches you know! All this sounds a little too good to be true.
But it IS True!
According to the Arizona Department of Revenue, "A credit of up to $200* is available for payment of fees to an Arizona public school for support of extracurricular activities."
Extracurricular activities are defined as school-sponsored activities that require enrolled students to pay a fee in order to participate. Such activities include (but are not limited to): field trips, fine arts (band, choir, orchestra, drama), visual arts (painting, drafting, drawing, sculpture, pottery), and athletics. Uniforms and equipment for these activities and scientific laboratory materials are also included. Back to top.
Okay, so what are the benefits?
There are plenty. You, the taxpayer, get a $200* Tax Credit for supporting schools. The tax credit donation lets you choose how your tax dollars will be spent.
Schools benefit because extra-curricular activities help children develop qualities such as leadership, cooperation, and personal growth. They also provide safe, supervised activities for students.
Everyone benefits. It's a WIN-WIN situation!! Back to top.
There is just one small problem. I don't have $200 to donate all at once.
Does that mean I can't get this tax credit?
You don't have to give the full $200* all at once. The Tax Credit donation can be contributed in increments throughout the year. You don't have to give all $200* to one school. Portions of the Tax Credit can be donated to several schools.
(A tax advisor can also help you to adjust the amount withheld from you paychecks so that your "take-home" pay will not be affected by your decision to contribute to the school tax credit.) Back to top.
And just who gets my money?
The schools! If you don't have any particular school in mind, you can make your tax credit donation directly to Amphitheater Public Schools. The district will distribute all funds contributed in this manner to those schools with the greatest need.
Your Tax Credit donation can only be used by SCHOOLS with extracurricular activity programs. The money cannot be used by Amphitheater District as a central entity. In cases of undesignated Tax Credit contributions, the district merely acts as a clearing house for the schools with the greatest need.
Well, just how does my contribution help kids?
It helps students participate in our extra-curricular programs, like sports, the arts, clubs and other activities that enrich their education and provide them with valuable life experiences. As noted, YOU can specify the program you want to help or, better yet, let your donation help the school with the greatest need.
That's a lot of money!
Hey, wait a second. I've been thinking. You know, $200* here, $200* there, pretty soon you could be talking real money, couldn't you?
You'd better believe it! Here's some of the math.
If every one of Amphitheater's 2,400 employees made a $200* contribution to the tax credit, our schools would gain $480,000!
If every one of Amphi's 13,000 families made a $200* donation, our schools would gain $2.6 million!
If every one of the District's 60,000 households made a $200* donation, our schools would gain an incredible $12 MILLION!
Wow, that would fix a lot of money problems!
Keep in mind that the tax credit can only be used for extracurricular activities. It can't be used for teachers' salaries and other Maintenance and Operations (M&O) programs. But, if contributions are made to schools in general, that is, if you do not restrict the use of the donation to specific programs or events, then, the tax credit donations can FREE-UP M&O dollars which can be used for teachers' salaries.
In other words, I had better not wait!
You can start making contributions to your Year 2018 Arizona School Tax Credit at any time and you're correct that today is not too soon! For you to be eligible to receive the credit for this year, schools must receive your donation by April 15, 2019.
One final note. The Arizona School Tax Credit is a Genuine "Two-fer." If you contribute to the Arizona School Tax Credit, that money might also be a "Tax Deduction" on your Federal Income Tax form. See your tax advisor for additional details.
For additional information about the Tax Credit and how to make a contribution, contact: Amphitheater Accounting Department at 520-696-5123 or e-mail email@example.com.