Arizona’s Foster Care Tax Credit!
Take advantage of the Foster Care Tax Credit and receive a dollar-for-dollar tax credit when you donate to Christian Family Care.
Help At-Risk Children and Reduce Your State Income Tax
If you are a resident of Arizona, one of the easiest ways to make a difference in the lives of children is through the Arizona Foster Care Tax Credit. This is not a tax deduction, but an actual credit. Currently, married couples can reduce what they owe in state taxes by $1,000, while single filers are eligible for a $500 credit.
If you are having any issues please contact us at: 602-234-1935 or email TaxCredit@cfcare.org
Bottom line? You can either pay the state or you can help transform the lives of vulnerable, at-risk children at no additional cost to you. Please take full advantage of this opportunity to help children in foster care.
Tax Credits, More Valuable Than Tax Deductions
A tax credit will help reduce your overall state tax liability and is not impacted by your tax withholdings during the course of the year. If you withheld more than what you owed, the credit will result in an increase in your state tax refund. If you have no Arizona tax liability for the current year, you may carry the tax credit forward for up to five years. And you don’t have to itemize on your state taxes either—so even working teens can give!
To receive the Arizona Foster Care Tax Credit, make your gift above. We recommend asking your tax advisor to help you claim the dollar-for-dollar credit when you file your Arizona state tax return. You may also be able to claim your gift as a charitable deduction on your federal taxes. Christian Family Care’s Qualifying Foster Care Charitable Organization code is 10024. Place this code on form 352 when filing your Arizona tax return in order to take your tax credit.
Arizona Foster Care Tax Credit FAQs
What is the Arizona Foster Care Tax Credit?
This is a charitable contribution you can give to qualifying 501(c)(3) organizations that work with over 200 foster children in a year.
With it, you can reduce what you owe in state taxes by $1000 (married couples) or $500 (single filers) – all at no additional cost to you. In other words, you can either pay the State or you can give to serving at-risk children through Christian Family Care.
Does this foster care tax credit also apply to federal tax returns?
The Arizona Foster Care Tax Credit is a dollar-for-dollar reduction on your State taxes. Not just a deduction but actual tax credit. Check with your tax professional.
How do I know if I qualify?
The credit is for Arizona taxpayers with income filing as:
- married filing jointly: up to $1000
- single or unmarried head of household: up to $500
- separate returns: up to $500
How do I claim the credit for contributions to a Qualifying Foster Care Charitable Organization?
The credit is available only to individuals/couples filing in Arizona. Christian Family Care’s Qualifying Foster Care Charitable Organization code is 10024. Place this code on form 352 when filing your Arizona tax return in order to take your tax credit.
Can I also take advantage of other State tax credits?
Yes! In addition to the Arizona Foster Care Tax Credit, you may also take advantage of tax credits available through private school tuition tax credit organizations, charitable tax credit (working poor tax credit), and the public school tax credit, further reducing your tax liability. Check with your tax professional.
Do I qualify for the credit if I do not owe taxes at year-end?
The credit reduces your state tax liability independently from any tax that you may have withheld during the year.
If you withheld an amount equal to or greater than your tax liability, the credit will increase your state tax refund. And, you may carry the credit forward for five years.