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 the STO, 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 2019 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.
- Single or head of household taxpayers may receive an Arizona tax credit for contributions of up to $1,135.
- Donations made by April 15, 2020 will qualify as a credit on the 2019 Arizona tax return.
Arizona taxpayers may also qualify for other state tax credits, such as donations to a public school, and organizations that assist foster children and the working poor. Tax Credit donations can be made in minutes on the website through The Institute for Better Education. When making your tax credit contribution, please designate Summit School as your school of choice. Through your tax credit contribution, Summit will be able to continue assisting more students who are in need of tuition scholarships during the upcoming school years. We most gratefully thank you on their behalf.