Arizona Tax Credits

Are you taking advantage of the Arizona tax credits available to reduce the amount of income tax you have to pay? If not, you should be. There are a number of opportunities available to benefit The Singletons and other schools and organizations—and contributing may not cost you a dime!

A tax credit gives you much more ‘bang for the buck’ than a deduction. A deduction reduces your taxable income, while a credit actually removes your tax liability – dollar for dollar.  If you owe, the donation will reduce the amount owed, dollar for dollar.  If you’re getting a refund, the credit will increase your refund, dollar for dollar.

Even better than that, you actually have until you file your Arizona tax return to make a retroactive contribution to the organization of your choice for the prior tax year. In other words, if you sit down in front of your tax professional on April 14th, and realize that you owe a tax payment to the Arizona Department of Revenue, you can make a payment to one or more charitable organizations instead. If you’re getting a refund, but still want to make a contribution, you can increase your Arizona refund dollar for dollar.

And you’re not just limited to one or two of theses credits. If you have enough tax liability, you can actually donate to all five of the credits listed below.  That means, a married couple filing jointly can effectively eliminate up to $4,869 in Arizona tax liability. Talk about voting with your dollar! If you contribute more than your liability for the year, you can roll those credits forward against future tax liability for up to five years.

For all of these credits, you no longer need to itemize your deductions in order to take advantage of them.  Sounds like a win-win-win for the taxpayer and the organization receiving the donation. Here are just a few of the tax credit opportunities available.

Personal Tax Credits

  • Qualifying Charitable Organizations – Formerly the Working Poor credit, these contributions go to organizations that provide medical care, childcare, shelter, and job training services to low income Arizona residents. The Singletons is just one of the many organizations that qualify for this credit.
  • Qualifying Foster Care Organization Credit is a relatively new credit, first available for the 2013 tax year. Each of these organizations provide services to more than 200 Arizona foster children.
  • Public School Tax Credit – Arizona taxpayers can contribute to an Arizona public school. You can even count your child’s activity fees paid to their public school. Schools use these credits to help fund extracurricular activities, character education programs, prep materials for standardized testing and other qualifying activities.
  • Individual Private School Tuition Credits – Two private school tuition tax credits are available for individual taxpayers—if you contribute more than the maximum credit to a private school tuition organization, the remainder of your contribution may roll over to the certified school tuition organization credit. This effectively doubles the amount you may contribute to the tuition organization of your choice.

When you support an organization like the Singletons, you are effectively designating exactly where you’d like your Arizona tax dollars to go. The organization that you choose gets 100% of your donation, and you ultimately get all of that money back in reduction of your Arizona tax liability.  What could be better than that?

 

Credit Single, Head of Household, Married filing separately limit Married filing jointly limit Deadline
Qualifying Charitable Org. (Form 321) $400 $800 April 15th of the following year
Qualifying Foster Care Org. (Form 321) $500 $1,000 April 15th of the following year
Public School (Form 322) $200 $400 April 15th of the following year
Private School Tuition / Certified School Tuition (Form 323 / 348) $1,135 for 2019, indexed annually for inflation $2,269 for 2019, indexed annually for inflation April 15th of the following year
Arizona Military Family Relief Fund $200 $400 Capped at a total of $1 million per year.

 

Find out more about how you can support The Singletons via the Arizona Charitable Tax credit here.

 

Special thanks to Stacy Herman Lang, with Lang Accounting Services, PLLC , for being a community partner to The Singletons and providing us with this valuable information.  Stacy Herman Lang is an Arizona CPA, specializing in personal and small business taxes. She is also a Certified Profit First Professional for small business. Her business – Lang Accounting Services, PLLC, is located in Tempe and has been in operation since 2008. Stacy has lived in the Phoenix area since 1982.

AZ Tax Credit

Dear Supporters!

As the founder of The Singletons, I have always referred to the organization as my fourth child.  The Singletons, just like any child, has brought me a countless amount of proud “mama” moments, a few tears and an endless amount of hope for the future.

I believe, “It takes a village to raise a child”.  The Singletons is a unique organization built on the simple concept of supporting each other through life’s struggles. We are an innovative organization whom focus on day-to-day needs that people take for granted, as well as the emotional and financial stress of facing cancer.  The Singleton’s vision of being the village that raises a family out of desperation and despair has endured.

The Singleton mission is driven by these straightforward yet impactful goals;

  • Promote time spent as a family
  • Provide practical household support
  • Relieve the family budget
  • Reduce the level of stress within the home

OUR FAMILIES NEED YOU

As Singleton Mom, Tiffany, puts it, “I felt so much stronger for having The Singletons.  I feel like a transformed person taking that stress away.  Feeling that gratitude, support and love, turned my emotional world around. ”

Raising a family has its challenges regardless.  Raising a family as a single parent amplifies the stress.  Add a terrifying cancer diagnosis into the mix, along with exhausting treatments, all the while trying to raise a family as a single parent is nearly impossible.  The strength our Singleton Families radiate is truly inspiring.  They are the heartbeat of the organization.

  • 60% of the families that The Singletons serve have a parent with stage 4, incurable cancer
  • 66% of Singleton Parents with cancer or with a child with cancer are not able to work
  • 73% do not receive child support

Other organizations may address one of these issues, but none provide the programs to address all of these intertwined areas of life, nor do they focus on the single parent population.

YOUR SUPPORT IS CRUCIAL

Over the course of a year, a Singleton Family will have the opportunity to receive $5,000 in assistance through programs such as; utility bills, family style dinners, restocking of household necessities, Holiday gifts and fun family activities.  This is UNPARALLELED support!  Although it is no easy task, we rely completely on the generosity of individuals, groups and corporations in our community.

MAGNIFY THE LOVE

In 2018, adjustments and cuts to our one-of-a-kind program operations had to be made.    However, the need continues to grow.  I have always tried to find the bright side of a situation but this has to be said, “We have had a difficult go of it lately!” Since the organization’s inception in 2006, the last 18 months have proven to be our most challenging. Donations have been historically low.

YOU CAN HELP

Your charitable gift to The Singletons will help single parent families battling cancer in Arizona today and it qualifies for the Arizona Charitable Tax Credit (QCO Code: 21020).  ADDITIONALLY, by making your Arizona Charitable Tax Credit through the Executive Council Charities and their Support Arizona Youth (SAY) Campaign; www.ec70phx.com/Ong-Singletons.  They will match 25% of your donation to The Singletons.  Now your gift is MAGNIFIED!

I am endlessly grateful for your generosity!  The Singletons would be unable to give the love, support and caring nature our programs provide if not for you.  Together, we are…. Meeting the Needs of Today…. Providing Hope for Tomorrow!

With Gratitude,

Jody Farley Signature

 

 

 

Jody Farley
Executive Director/ Founder
The Singletons

Volunters Singleton Care Crew
AZ Tax Credit

Start Planning Your Tax Credits Now!

It’s official! The Singletons is now listed as a Qualifying Charitable Organization with the state of Arizona!! This means AZ residents can make a donation to The Singletons and get it back from the AZ Dept. of Revenue (up to $400/ individuals or $800 if filing jointly on AZ tax return).

You can help support single parent families with cancer, and it may cost you nothing, thanks to the Arizona Charitable Tax Credit.

How does it work:

  • You make a donation to The Singletons of any amount (up to $400 if filing singly or $800 if filing jointly for your Arizona taxes).
  • When you file your Arizona taxes, you can claim a dollar-for-dollar Arizona Charitable tax Credit
  • Simply complete AZ Form 321 and include it when you file your Arizona taxes.
    (https://azdor.gov/tax-credits/contributions-qcos-and-qfcos for form / more info)
  • Your AZ tax form shows that you either reduce your tax liability by the donated amount – or increase your refund! (up to $400 if filing singly or $800 if filing jointly)

What if I already take the school tax credits:

This tax credit is allowed in addition to the education and foster care credit, you can contribute to all three!

Do I have to itemize my taxes to claim the tax credit:

No. You can fill out the short form (AZ Form 321) and still claim the credit.

When do I need to make my gift to The Singletons, to qualify for this tax year:

You must make your donation on or before April 15, 2019 – to be applied to the 2018 tax year.

How can I make my donation

You can donate online using our one time donation form. Or mail your check to The Singletons, 2501 W Behrend Dr., Suite 1. Phoenix, AZ 85027. We will mail you a donation receipt for your records.

If you have any questions, please call us at 480-818-5285.

 

Image credit

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Bed donation
Singleton “Mom”, Theclia, can sleep well tonight thanks to a generous bed donation and a willing volunteer with muscles, a truck, and a kind heart!

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Mom Flor Alvarado
Birthday girl and sister of Singleton “Mom” Claudia Flor Alvarado, encouraged her friends and family to donate to Singleton Moms’ Bare Necessities Cupboard in lieu of birthday gifts.

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Webster Willeford Farms
Chris Williamson from Webster Willeford Farms has been supplying Singleton families with fresh organic Swiss Chard. Our parents have been so grateful to have nutritious veggies to eat and juice. Way to grow, Chris!

Visit their Facebook page at www.facebook.com/websterwfarms

Refrigerator from Shanti

The Phoenix Shanti Group generously donated & delivered a refrigerator to Singleton Moms! Check out their thrift shop, 2nd Chances in Phoenix for treasures like this and more. Thank you Shanti!

You can visit their website www.shantiaz.org.

Hairstylists, Adrienne and Stephanie opened their salon, L’Mage Studio for Singleton kids on Easter Sunday.

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