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AZ has a Dollar for Dollar match for Donations to lower Tax how do i put that donation on Federal form

Forum|Forum|2 years ago
March 19, 2024
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The state of Arizonia has a program that for certain charities for each dollar you give it is a Dollar of you State Tax.
How or where do I put these donations on the Federal form

Best answer by mglauner

Arizona provides two separate tax credits for individuals who make contributions to charitable organizations: one for donations to Qualifying Charitable Organizations (QCO) and the second for donations to Qualifying Foster Care Charitable Organizations (QFCO).

Individuals making cash donations made to these charities may claim these tax credits on their Arizona Personal Income Tax returns, dollar for dollar against Arizona Tax due.

They are entered as normal Charitable Donations on your Federal return as an Itemized Deduction, but Arizona gives separate credit for donations to these Arizona-specific organizations if you are not itemizing on your Arizona return (no double dipping) on Arizona Forms 321 and 323.

There is also credit given on Form 322 for donations to Public Schools. Credit of up to $200 for 2023 ($400 for married taxpayers filing a joint income tax return) for payment of fees to an Arizona public school (including charter schools) for extracurricular activities, character education programs, standardized testing fees for college credit or readiness, preparation courses and materials for standardized testing, career and technical education industry certification assessment, CPR training and other qualified purposes.

Here's more info on Credits for Contributions to QCOs and QFCOs.

@shansman2

DoninGA

Employee

You can only enter the amount of donations to a qualified charity that you personally provided to the charity.

Charitable donations are entered as an itemized deduction on Schedule A.

The total of all your itemized deductions on Schedule A must be greater than the standard deduction for your filing status to have any tax benefit.

Standard deductions for 2023

Single - $13,850 add $1,850 if age 65 or older
Married Filing Separately - $13,850 add $1,500 if age 65 or older
Married Filing Jointly - $27,700 add $1,500 for each spouse age 65 or older
Head of Household - $20,800 add $1,850 if age 65 or older

S

shansman2Author

No the answer was not even close to what my question was

M

mglaunerAnswer

Arizona provides two separate tax credits for individuals who make contributions to charitable organizations: one for donations to Qualifying Charitable Organizations (QCO) and the second for donations to Qualifying Foster Care Charitable Organizations (QFCO).

Individuals making cash donations made to these charities may claim these tax credits on their Arizona Personal Income Tax returns, dollar for dollar against Arizona Tax due.

They are entered as normal Charitable Donations on your Federal return as an Itemized Deduction, but Arizona gives separate credit for donations to these Arizona-specific organizations if you are not itemizing on your Arizona return (no double dipping) on Arizona Forms 321 and 323.

There is also credit given on Form 322 for donations to Public Schools. Credit of up to $200 for 2023 ($400 for married taxpayers filing a joint income tax return) for payment of fees to an Arizona public school (including charter schools) for extracurricular activities, character education programs, standardized testing fees for college credit or readiness, preparation courses and materials for standardized testing, career and technical education industry certification assessment, CPR training and other qualified purposes.

Here's more info on Credits for Contributions to QCOs and QFCOs.

@shansman2