State of Arizona offers a TAX CREDIT to
organizations that provide assistance to the
working poor. In Flagstaff, there are
approximately 11 organizations that have applied
and qualify as such. The WPTC program mirrors
the school tax credit program in that any
donation up to $200 by an individual and $400 by
a couple to a qualifying organization can be
taken as a credit. And best of all...
You can give the
maximum amount to both Arizona Working Poor Tax
Credit and also to the Arizona's
School Tax Credit. You are not limited to only
one of these options. In practical terms,
that means if a couple owes $1,200 in state
taxes, but gives gives $400 to the new FFFC FB&K,
they will owe the State only $800. And, if in
addition, the same couple gave $400 to a public
school, they would owe only $400. The WPTC is
also deductible on itemized Federal Tax Returns.
Over 40% of our
funding in 2012 came from individuals exercising
this tax benefit.
Simply use the form
above and choose "Working Poor Tax Credit" in
the dropdown menu!
Click here for more information from the State
of Arizona |
Click here for an informative video about the
always, please consult with your tax preparer,
or the State of Arizona Dept. of Revenue.]