WHAT IS THE AZ CHARITABLE TAX CREDIT?
In the state of Arizona, up to $421 per person and $841 per couple filing jointly, can be directly deducted, dollar-for-dollar, from the taxes you owe the state of Arizona.
Many people like the tax credit because it allows you to keep your tax dollars in your local community and maximize your impact. By designating your tax credit to TRAK, you are effectively ensuring that children, families, First Responders, Veterans, and Active-Duty Military members in Pima County are receiving the Therapeutic Services that they need.
To put it in perspective, if you belong to a group of 25 people, this could be a church, sports club, etc. and all of you commit to donating $421 to TRAK, you would raise $10,000 for the families we serve without actually spending a dime yourselves. It’s that easy.
IS $421 THE MOST I CAN DEDUCT?
No! There are several tax credits available in Arizona. If you are married filing jointly, you can donate $841 to receive your dollar-for-dollar Arizona Tax Credit. Therapeutic Ranch for Animals and Kids qualifies for the “Qualified Charitable Organization” (QCO) tax credit. You can designate TRAK for your QCO tax credit AND make gifts to the other types of tax credits. You can read about the different kinds of credits here.
IS ANY CONTRIBUTION I MAKE TO TRAK TAX DEDUCTIBLE?
Generally, contributions that do not involve the purchase of goods or services are deductible. For example, a donation made at TRAK’s Annual Fall Harvest Festival would be deductible, but the ticket to the event would not. Please speak with your financial adviser or tax professional to determine which contributions are and are not deductible.