Alternative Method of Donating: Withholdings
Mar 5, 2013 |
Little known fact—you are able to donate to ACSTO through your paycheck withholdings with no change to your take-home pay!
Arizona state law allows individuals to authorize their employer to set aside what is already being sent to Arizona in income tax withholdings and send it to ACSTO instead as a dollar-for-dollar tax credit donation. Once you sign up, your donations are automatic for the rest of the year. This is an excellent way to donate if you need an alternative to giving in one lump sum.
Donations through this method are the same as if you had donated through a check or credit card. ACSTO issues a receipt every time we receive payment from your employer (could be as frequently as every pay period or as spread out as every quarter), and you file the sum total of your withholding donations on your taxes the same as if you gave it yourself.
Are you interested in this method of donating? Do you want to promote it to your friends? ACSTO has Withholdings Brochures available, which include instructions on how to sign up! You can check out our withholdings page, call us, or contact us through our website!