AZ Charitable Tax Credit
The state tax credit has doubled! Cash contributions to ICM of up to $800 for married couples and $400 for singles can be taken off your AZ Income Tax Bill dollar for dollar.
This tax credit is one of the best vehicles for qualifying nonprofits to raise resources from individual donors, yet it is significantly underutilized. For people with any tax liability (meaning they owe taxes) this is equivalent to a “free” donation to a nonprofit.
Out of each dollar donated, 96 cents goes to client services.
Please Note: This “Charitable Tax” credit can be taken in addition to any contributions to eligible schools or adoption agencies. It’s not necessary to itemize deductions in Arizona to receive this credit.
IRA Charitable Direct Donation
This can be used by people taking Required Minimum Distributions.
The direct donation from the IRA reduces, dollar for dollar, the adjusted gross income resulting in no taxes on the amount of the donation.
Click here to donate online now, or you can also send a check directly to ICM at PO Box 2225, Phoenix, AZ 85002.