GIVING TO THE PRIVATE SCHOOL TUITION TAX CREDIT

Arizona tax law (A.R.S. AZ 43-1089) gives Arizona taxpayers a dollar-for-dollar tax credit on their state income tax obligations for contributions made on behalf of a school through a qualified School Tuition Organization (STO). Summit School is proud to partner with all STOs, such as The Institute for Better Education (IBE), for school collected tax credits. TAX CREDIT contributions through IBE, on behalf of Summit School, provide the funds for Summit School’s needs-based tuition assistance scholarships given to Summit students!  Those scholarships have assisted children experience an outstanding private school education at Summit School.  

THE MAXIMUM ANNUAL TAX CREDIT DONATION, MADE ON BEHALF OF A PRIVATE SCHOOL OR PRIVATE SCHOOL STUDENT, FOR THE 2020 and 2021 TAX YEAR:

  • Married couples filing jointly can receive an annual dollar-for-dollar tax credit on their Arizona tax return, for donations up to $2,269 in 2020 and $2,435 in 2021.
  • Single or head of household taxpayers may receive an Arizona tax credit for contributions of up to $1,183 in 2020 and $1,219 in 2021.
  • Donations made by April 15, 2021 will qualify as a credit on the 2020 Arizona tax return.

Because the Private School Tax Credit Law does not allow for parents to make their tax credit contributions on behalf of their own students, we appreciate you taking a few minutes to make your Tax Credit Contribution on behalf of Summit School by clicking on this link to IBE, The Institute for Better Education.  Please designate Summit School as your recommended recipient!  Your tax credit contribution will assist Summit students who have financial need of tuition scholarships.  We most gratefully thank you on their behalf.

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