Arizona Tax Credits for year end planning

Volunteers Larry Clark, Bill Summers and Bud Stott. undefined

Volunteers Larry Clark, Bill Summers and Bud Stott.

Nan Nasser

The State of Arizona offers tax credits for a variety of situations, including charities that provide services to the working poor. That makes SaddleBrooke Community Outreach eligible for donations that can be claimed as a tax credit on the state return.

A single filing tax payer is able to claim a tax credit of $200, and a couple may claim $400 for a donation to a charity of their choice that is identified by the state as providing services for the working poor. Beginning with 2013 you do not need to itemize your deductions on your Arizona return to benefit from this donation. We suggest you visit the website: www.azdor.gov/TaxCredits/QualifyingCharitableOrganizations.aspx. You will find a list of qualifying charities, and SBCO is listed as SaddleBrooke Community Outreach on page 9. We do advise that you work with your tax preparer on this credit.

This is also a tax deduction on your federal return, not a tax credit!

Why consider SBCO for that credit? This 100% volunteer organization devotes its funds to programs that clothe the children for school; provides educational assistance and opportunities through tutoring, enrichment programs and college scholarships; supports food programs with our annual food drive and financial contributions to the Tri Community Food Bank as well as Thanksgiving food baskets; and supports Adopt A Family Program during December.

Our service area begins in Catalina and continues up to Superior and across to the San Carlos Apache Indian Reservation. That includes 20 schools in eight districts, three counties and covers 100 miles. More information about SBCO is available at our website: www.community-outreach.org. Or visit us at Suite L in the Minit Market on SaddleBrooke Blvd. For us, It’s all about the Kids!