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AZ Department of Revenue Announces Tax Credit Amounts for 2018

The AZ Department of Revenue confirmed the inflation adjustments for the 2018 AZ Tax Credits.  The 2018 AZ Tax Credit amounts are as follows:

Qualifying Charitable Organization:

  • $400 for an individual
  • $800 for married filing jointly

Qualifying Foster Care Organizations:

  • $500 for an individual
  • $1000 for married filing jointly

Private School Tuition Organizations:

  • $555 for an individual
  • $1110 for married filing jointly

Certified School Tuition Organizations:

  • $552 for an individual
  • $1103 for married filing jointly

Remember that any donations made today or later are not deductible for Federal purposes. However, many taxpayers will be unaffected by this because of the increased standard deduction.

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Arlene Rheinfelder, EA, CP AZCLDP

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