Arizona Tax Benefits
Through an NVCA and ACSTO partnership, you can support Christian education, and specifically NVCA, and get a tax credit for your investment. By contributing to ACSTO on behalf of NVCA, an exempt, 501(c)(3) non-profit charitable organization, you can support a truly exceptional education-and get a credit against your AZ income taxes, and possibly, another benefit on your Federal taxes with a donation deduction*.
How the donation works:
State Tax Credit: Donate no later than April 18, 2016 and claim the credit on your 2015 taxes
Federal Deduction: Make the deduction before December 31, 2015 to claim on your 2015 taxes
How much can you donate?
For 2015, married couples, filing jointly, can donate up to $1090; $545 as a single filer on your Arizona income tax liability. Once you donate the maximum for the Original tax credit, you can then donate towards the Overflow/Plus tax credit of an additional $1083 for married, filing jointly, and $542 for single filers
2017 maximums will increase to:
- Total for single tax payers: $1089
- Total for married, filing jointly: $2177
How do I donate?
Donate Online: By credit card at ACSTO’s secure website, www.acsto.org or by phone to 480.820.0403. Be sure and identify an NVCA student or NVCA for your donation. *Consult with your tax advisor on your situation for federal income tax credit.
Refer to www.acsto.org for further details on the program. ACSTO is a federally tax exempt 501(c)(3)charitable organization. For federal tax purposes, any deductions must be claimed for the year in which the donation was made. The April 15 deadline does not apply. You should consult with your tax advisor for specific tax advise concerning deductibility for your situation.