Steps to Claim Your Tax Credit:
When you make online donation, you will receive your receipt via email within 48 hours. For donations made through other means, we mail your receipt within seven business days (except in December and January), we also provide you with a comprehensive annual statement via email by January 31. If you need the previous year’s receipt, please call us at 602.466.8503.
Your receipt will have your donation broken down between the Original and Switcher Tax Credits, with instruction on which amounts to claim on which tax forms.
AZ Tax Forms
If you file paper tax returns, you’ll need two forms to claim your tax credits. You’ll need Form 301 (Summary of All AZ Credits) and Form 323 (Original Tax Credit), while some donors may also need Form 348 (Switcher Tax Credit). If you plan to claim your PSTF123 donation as a charitable deduction on your federal taxes, you will need to complete an AZ Schedule A as well.
• 2017 Tax forms will be available as soon as They are released by ADOR.
NOTE: If you claim a tax credit, you cannot use the short forms 140A or 140EZ, these forms do not have fields for the tax credits.
Even though you can make a donation between January 1 and April 15, the deadline for charitable donations for federal deduction purposes is December 31. This means that you will not be able to claim the deduction until the next tax year. If you plan on itemizing, make sure you do not include your tax credit donation on your Federal Schedule A until you file next year’s taxes.
Please seek out a tax consultant to determine whether your donation is eligible for a Federal deduction in addition to the AZ tax credit