The end of the year brings with it the holidays, gift giving and time for renewal among East Valley families. It also is the time for residents to consider an extra special gift of which they may not be aware.
I’m talking about the Arizona Charitable Tax Credit, or what has been known as the Working Poor Tax Credit.
The Arizona Charitable Tax Credit is the gift that keeps on giving, even after Christmas. It is popular among many residents because it reduces a person’s tax liability dollar for dollar, down to zero. And the impact is significant on the approximately 700 charities that benefit from tax credit donations in the state.
This year, credits have doubled for donations given to charities that support the working poor or chronically ill or disabled children. Gov. Doug Ducey and the state Legislature passed Bill 2016 that allows for individuals to claim up to $400 in a dollar-for-dollar tax credit; for married couples filing jointly to claim up to $800, and for all taxpayers to take the credit in addition to school or foster care tax credits. The legislation is truly a force multiplier for the hungry, the homeless, and the abused.
The impact on our community is tremendous. The tax credit is a gift that benefits our entire community. You can claim up to $800 and get it right back on your taxes, while seeing the immediate impact on hungry families and those in need.
Local social service organizations, like A New Leaf, rely on contributions to sustain services such as emergency shelter, basic needs, employment assistance and other life-saving programs. We, like many others, are very much dependent on the generosity of the community to improve the lives of others.
We appreciate the effort of the Arizona Legislature this year to approve Bill 2016 and to help taxpayers support their charities of choice. This is a wonderful incentive for taxpayers.
With your help, children find family, domestic violence victims find protection, the homeless find shelter, the poor find provision, and veterans find peace. Your gifts make all the difference in helping our city’s most vulnerable individuals find a better life while creating a better future for all.
As you prepare for the new year, we thank you and hope you’ll support A New Leaf, or another community nonprofit organization that inspires you, by making a gift today through the Arizona Charitable Tax Credit.
If you are interested in making a tax credit gift or want to learn more, go to TellYourTaxesWheretoGo.org.
– Joe Dulin is chief philanthropy officer for A New Leaf in Mesa.