Tax Credit
Tax Credit Donation
If you have questions related to the tax credit, please contact Julie Armstrong Starkey at 602-237-911 x 3004 or jarmstrongstarkey@laveeneld.org
Beginning in 2016, credit eligible fees paid and contributions made to a public school from January 1 through April 15 of a calendar year may be used as a tax credit on the prior year’s tax return. For example, qualifying contributions made to a public school January 1, 2024 through April 15, 2025 may be used as a tax credit on either your 2024 or 2025 Arizona income tax return.
Please note that Tax Credit payments are NOT refundable.
HOW CAN I DONATE?
- Securely online
- Mail or Drop off tax credit donation form and your check to the District Office – 5001 West Dobbins Road, Laveen, AZ 85339
In 2022 $63,915 was contributed to the tax credit for Laveen Schools. Money was used for afterschool enrichment activities, field trips to support classroom curriculum, excursions to enhance learning excellence, student leadership training and intramurals and athletics. The Laveen schools appreciate the support of parents and the community. Our students now have increased educational opportunities because of your donation.
WHAT IS A TAX CREDIT?
Provided you have a tax liability to the state, a tax credit will allow you to reduce the amount of your tax liability to the state (your state tax bill) or increase your refund from the state. The amount you donate will be the amount you may claim as a state tax credit.
A tax credit is a dollar-for-dollar reduction in the actual tax owed and in some cases, can even increase your refund from the state. For example, if you donated $50, paid $300 in taxes and are receiving a $250 refund, your refund will increase to $300. Either way, you are sending your tax dollars directly to the school(s) of your choice.
Check with your tax consultant to see if you could also be eligible for a deduction on your federal taxes to the Internal Revenue Service.
HOW MUCH CAN I DONATE?
Arizona law enables taxpayers a tax credit contribution of up to $400 per calendar year if filing status is Married, filing Joint Return; $200 per calendar year if filing status is Single or Head of Household; and, $200 per calendar year if filing status is Married filing separate return. Please note that Tax Credit payments are NOT refundable.
CAN MY EMPLOYER MATCH MY DONATION?
Many employers will match their employees’ tax credit donations. Check your company’s website to see if this option is available to you. In the past, we have received matching donations from the following companies:
Abbott Laboratories
Aetna
American Express
Bank of America
Charles Schwab
Express Scripts
Freeport McMoRan
Gannett
Intel
JPMorgan Chase
Medtronic
Wells Fargo
WHAT ELSE DO I NEED TO KNOW?
You do not need to have a child enrolled in one of our Laveen Elementary schools to be eligible for the tax credit. You do not have to be a Laveen resident to donate money. You may donate less than $400 dollars and still be eligible to receive the tax credit in the amount of your donation. You may also split your donation among more than one school.
For a list of the schools, click on the link at the bottom of the page.