September 30, 2024

How to Support Advance Community Through the Arizona Charitable Tax Credit

For over twenty years, Arizona residents have been able to direct their state tax dollars to charitable causes through the Arizona Charitable Tax Credit. The Arizona Charitable Tax Credit supports organizations aiding families in need, low-income Arizonans, and children with disabilities.

Donations to Advance Community fall under the Qualifying Charitable Organizations (QCOs) category.

The Arizona Charitable Tax Credit program allows you to redirect your tax dollars to charities of your choice. The 2024 maximum limit for this category of donations is $470 for an individual or $938 for a couple filing jointly.

Here’s how it works:

  1. Donate: Give to Advance Community and keep your receipt.

Advance Community is known as Esperança Arizona, LLC. for tax purposes.
The tax ID for Esperança Arizona, LLC. is #23-7087997.

  1. Claim: Fill out the relevant forms (Arizona Form 321 for QCOs) and include them with your tax return.
  2. Reduce: Subtract your donations from your tax liability.

You don’t need to donate the maximum amount to benefit. Donations of any size qualify for a credit, and you don’t have to itemize your taxes to claim it. Contributions can also be carried over to future years if they exceed your tax liability. You MUST stipulate that you would like a donation to be recognized as an AZ QCO tax credit.

The Fine Print

Some stipulations still apply, however, as the Arizona tax credit only applies to money transfers only. You can claim the check that you write to Advance Community, but not any toys, books, clothes, or other material donations.

IRS deadlines may be different from Arizona’s state deadlines. Keep this in mind when planning your charitable contributions and estimating your state and federal tax credits and deductions. You should consult with your accountant or other tax professional about your specific circumstances.

You can check the Arizona Department of Revenue’s tax credit page for detailed information about each tax credit.

Don’t miss out on this opportunity to support Advance Community and reduce your tax bill!

How to Support Advance Community Through the Arizona Charitable Tax Credit

For over twenty years, Arizona residents have been able to direct their state tax dollars to charitable causes through the Arizona Charitable Tax Credit. The Arizona Charitable Tax Credit supports organizations aiding families in need, low-income Arizonans, and children with disabilities.

Donations to Advance Community fall under the Qualifying Charitable Organizations (QCOs) category.

The Arizona Charitable Tax Credit program allows you to redirect your tax dollars to charities of your choice. The 2024 maximum limit for this category of donations is $470 for an individual or $938 for a couple filing jointly.

Here’s how it works:

  1. Donate: Give to Advance Community and keep your receipt.

Advance Community is known as Esperança Arizona, LLC. for tax purposes.
The tax ID for Esperança Arizona, LLC. is #23-7087997.

  1. Claim: Fill out the relevant forms (Arizona Form 321 for QCOs) and include them with your tax return.
  2. Reduce: Subtract your donations from your tax liability.

You don’t need to donate the maximum amount to benefit. Donations of any size qualify for a credit, and you don’t have to itemize your taxes to claim it. Contributions can also be carried over to future years if they exceed your tax liability. You MUST stipulate that you would like a donation to be recognized as an AZ QCO tax credit.

The Fine Print

Some stipulations still apply, however, as the Arizona tax credit only applies to money transfers only. You can claim the check that you write to Advance Community, but not any toys, books, clothes, or other material donations.

IRS deadlines may be different from Arizona’s state deadlines. Keep this in mind when planning your charitable contributions and estimating your state and federal tax credits and deductions. You should consult with your accountant or other tax professional about your specific circumstances.

You can check the Arizona Department of Revenue’s tax credit page for detailed information about each tax credit.

Don’t miss out on this opportunity to support Advance Community and reduce your tax bill!