YOUR SOURCE FOR TRUTH

Friday, December 28, 2012

Habitat explains tax credit program

Donations made by December 31 to qualifying charities like Habitat for Humanity can be taken off as a credit on your Arizona tax return for those who itemize, up to $200 single/$400 married. 
That's in addition to your Payson Schools Credit for Kids donation, so donors can take both credits and make their donations go twice as far. The neat thing about the credit is that it's redirecting tax money we otherwise would give the state government anyway.
So it's a win-win for our community when residents decide to keep their money here and apply it towards worthy causes.  This is a credit on the state return, and and you are also eligible for a deduction on the federal side.

For more information:

Jennifer Baltz
Executive Director
Payson Area Habitat for Humanity

No comments: