How Donations Work

About Donations

If you are someone who pays Arizona income taxes, you are able to make a donation to ACSTO and claim that donation back as a tax credit.  This credit will reduce your income tax liability for 100% of what you donate, up to the maximums allowed for the current year.*  If the taxpayer has actual Arizona state income tax less than the maximum allowable, the available credit in a given year is limited to the actual tax.

ACSTO uses your tax credit donations to award tuition scholarships for students attending our partner schools.  Because of you, hundreds of families, who otherwise couldn't, have been able to afford to have their children experience a foundational Christian education!  


Maximums for 2014:
Filing Status Original Tax Credit Overflow/PLUS Tax Credit Total
Single Taxpayer $528 $525 $1053
Married Couple $1056 $1050 $2106

If you accidentally give more than the actual state income tax due, the tax law allows a carry forward to offset future taxes for up to five consecutive years.  The tax forms you use to claim the credit are also used to track any carryover.

 

 

 < < For Donors: Home > > Part 2: Ways To Donate

 

 

As always, we recommend you consult with your
tax advisor regarding your specific situation.

 

*Our Frequent Questions page and News & Updates page both discuss some
extremely helpful options that could dramatically influence the way you donate.

*A credit does not necessarily equal a refund, it simply reduces what you owe to the state, and could potentially result in a refund if you also pay taxes to the state out of your paycheck throughout the year. Visit Part 4: Claiming Your Credit for more information.

ACSTO Blog

Feed

How Much Can I Donate?

Dec 22, 2014

How Much Can I Donate?

The Most Wonderful Time of the Year

A Growing Legacy

Dec 8, 2014

A Growing Legacy

ACSTO: Arizona Christian School Tuition Organization

Notice: A school tuition organization cannot award, restrict, or reserve scholarships solely on the basis of a donor’s recommendation. A taxpayer may not claim a tax credit if the taxpayer agrees to swap donations with another taxpayer to benefit either taxpayer’s own dependent. A.R.S. 43-1603 (C)

Contact Us

ACSTO, Inc.

PO Box 6580
Chandler, AZ 85246

  • Office: 480.820.0403
  • Fax: 480.820.2027