AZ Tax Credit for Contributions to Qualifying Charitable Organizations
In Tax Year 2016, contribution credits have been doubled. Taxpayers filing as “single” and “head of household” status may claim a maximum credit of $400. Taxpayers filing as “married filing separate” may claim a maximum credit of $400. Taxpayers that file as “married filing joint” may claim a maximum credit of $800.
WHEAT is one of those charities found on page 10. Click here for a list of the Arizona Qualifying Charitable Organizations for the 2016 calendar year.
By making a donation to WHEAT, you will be helping someone begin to help themselves within our community. Think of it as a down payment on their future.
Each Year WHEAT:
• Sponsors high school teens living in at-risk situations in its Youth Leadership Program (Seasons of Service) to support educational and financial awareness;
• Trains and Graduates Individuals in its Management Training and Mentoring Program leading to employment and living wage jobs;
• Staffs SNAP Outreach partnerships at locations around the state of Arizona, providing enrollment in nutrition programs to eligible individuals;
• Continues to encourage self-sustenance for artisans and their families living in poverty around the globe, including Arizona, through WHEAT’s Fair Trade initiative providing necessary income for families to feed, clothe and educate themselves through the sale of their handicrafts;
• Provides professional business wear, free of charge, for men and women entering or re-entering the workforce through The Clothes Silo and WorkWear for Men;
• Presents lectures, trainings and workshops on ending poverty and hunger through education and action;
…and much more.
Your donation, whatever amount, will help us to continue to help others become self-sustaining, participating members of our community.
Thanks for giving a gift that will ultimately give twice!
- Is exempt from federal income taxes under Section a 501(c)(3) or is a designated community action agency that receives community services block grant program monies pursuant to 42 United States Code Section 9901.
- Provide services that meet immediate basic needs.
- Serves Arizona residents who receive temporary assistance for needy families (TANF) benefits, are low income residents whose household income is less than 150% of the federal poverty level, or are chronically ill or physically disabled children.
- Spends at least 50% of its budget on qualified services to qualified Arizona residents.
- Affirm that it will continue spending at least 50% of its budget on qualified services to qualified Arizona residents.
A charity must apply for and meet all requirements of the law to be considered as a Qualifying Charitable Organization.
You report the name of the Qualifying Charitable Organization you donated to as well as the dollar amount of your donation to the Department of Revenue on Form 321. You must also total your nonrefundable individual tax credits on Form 301 and include all applicable forms when you file your tax return.
Or you can download a WHEAT Tax Credit form by clicking: 2016 WHEAT Tax Credit Form
Direct Benefits to You for Giving
- A charitable contribution made before December 31st will help your community and could directly benefit you.
- You could receive a dollar-for-dollar tax credit ($400 maximum for individuals, $800 for married couples).
- This contribution may offset your Arizona income tax obligation and is in addition to school tax credits!
FREQUENTLY ASKED QUESTIONS
- Is this the same as the Working-Poor Tax Credit?
Credit for Contributions to Qualifying Charitable Organizations was formerly known as the Working Poor Tax Credit. Thanks to the passage of SB 1216 on May 6, 2016, donors may now take up to $400 in tax credit and couples filing jointly may take up to $800 in tax credit for gifts made to WHEAT.
- Can I take this credit in addition to other credits such as credit for donations to schools and foster care agencies?
Yes. Each tax credit is separate, so you can take the Charitable Tax Credit in addition to tax credits for schools and foster care agencies. See Form 301 on the Arizona Department of Revenue’s website for other credits you may be able to take.
- Do I have to donate $400 or $800 at once?
You do not have to donate the whole amount at once. Donations given throughout the year that add up to the $400 and $800 limits qualify for the tax credit. We can even set up a monthly gift option for you to spread the gifts out over the year. For more information, please call Jody at 602.955.5076.
- Do I need a special form from WHEAT to take the Tax Credit?
You simply need a receipt from WHEAT, which every donor receives by email or in the mail after making a monetary gift. The form you need to take the tax credit is Arizona Form 321, which is available on the Arizona Department of Revenue’s website and is included with many of the available self-filing tax programs like Turbo Tax.
- Can I take the Tax Credit by donating clothing or other tangible items?
No. The Tax Credit only applies to voluntary cash donations.
For more information about the tax credit, please visit
Arizona Department of Revenue
or call 602/255.3381.