Tuition Tax Credit

Arizona Income Tax Credit Program for Private School Tuition – A Win-Win Program for Arizona Christian Families

This is a dollar-for-dollar tax credit. If you pay Arizona income taxes you qualify for this tax credit. This is your opportunity to have control over some of your Arizona income tax dollars. You can choose to allocate up to a maximum of $1,000 if you file jointly, or $500 if you file individually of your state tax liability to Cornerstone and Pusch Ridge.

Pusch Ridge and Cornerstone use Arizona Christian School Tuition Organization (ACSTO) to administer our tax credit fund. They can be reached at www.acsto.com, PO Box 6580 Chandler, AZ 85426 or phone at 480-820-0403.

The tax credit program allows you the taxpayer some say over how your tax dollars are spent. Here are some most commonly asked questions:

  • How much is the maximum credit for a married couple filing jointly? $1,000.
  • How much is the maximum credit for a single person? $500.
  • May I donate less then the maximum? Yes.
  • How much donation goes to Pusch Ridge and Cornerstone? At least 90%. By law, tax credit organizations may keep no more than 10% for their administrative overhead>
  • Is my donation eligible for a federal income tax deduction? Consult your accountant.
  • Which Arizona state income forms do I use? Forms 301 and 323. Contact Pusch Ridge and we will mail you the form in January, or they are available on www.acsto.com, from the Arizona Department of Revenue, or your accountant.
  • May I also support a public school? Yes! If you file jointly, you may give up to $400 to a public school for a total dollar-for-dollar tax credit of of $1,400!
  • What if I donate too much? The law allows a carry forward for up to five years if a donation is made in excess of the actual tax liability for a given year.
  • Do I receive a receipt? Yes. You will receive a receipt by January 31 from ACSTO.

Tax credit scenario example: Let’s say you owe the state of Arizona $1,900 in state taxes and you file jointly. You may give up to $1,000 to Arizona Christian School Tuition Organization and designate Pusch Ridge/Cornerstone. You will only owe the balance of $900 to the state.

Tax credit scenario example: Your Arizona taxes have been taken out of your paycheck throughout the year and you find that you still owe $100 to the state. You send your contribution of $1,000 to Arizona Christian School Tuition Organization. The $100 tax liability that you owe will be deducted, and you will receive $900 as a refund.

Tax credit scenario example: Your Arizona taxes have been taken out of your paycheck throughout the year. At the end of the year you do the Arizona tax credit and send your contribution of $1,000 to Arizona Christian School Tuition Organization. You find that you are due a $500 refund from the state because you over paid your Arizona taxes throughout the year. The $500 that you were already going to receive as a refund from the state plus the $1,000 you contributed to ACSTO for your tax credit will mean that your total refund is now $1,500 from the state.

Your Sacrifice
The time it takes to understand the process, send in the check, and receive either your credit against your tax liability or your refund check.

The Benefit
A Christian education for a Christian child, and the choice to attend a private school.

Questions?
Please contact the Pusch Ridge Development Office at 520.797.0107 ext. 510. 

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