AZ Public School Tax Credit Donation:
An Arizona dollar-for-dollar reduction in the actual tax you owe.
Donate to AMBASSADOR ACADEMY
A 502 (c)(3) non-profit organization
You Win & the Kids Win
Making a contribution is easy:
1.Complete an AMBASSADOR ACADEMY Contribution Form 2.Write in the dollar amount that you want to contribute and include your check (up to $200 for individuals or $400 per married couple). 3.Drop off the form and your check at AMBASSADOR ACADEMY and pick up your receipt--if you prefer, you can mail the check to the school. Your tax credit receipt will be mailed directly to you.
What is a tax credit?
This is a tax credit, not a tax deduction. A tax credit is a dollar-for-dollar reduction in the actual tax owed. For example, if you owe $800 in state income taxes and you donate $400 to Ambassador Academy for extracurricular activities or character development, you may subtract the $400 from your tax bill and pay the state just $400.
Who is eligible?
This tax credit is available to all Arizona individual taxpayers regardless of whether or not they have children in school. An individual can contribute and receive a tax credit for any amount up to $200, or a couple filing jointly can contribute up to $400.
Do I have to donate the full $200 or $400?
No, you may donate up to your $200 or $400 limit in installments during the calendar year, or donate it at one time.
Does it matter where I live to donate?
No, any individual who pays Arizona State income tax can donate. Anyone with or without children, married or single, can take advantage of this tax credit
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