Now is the time to make a contribution that can be claimed when you file your 2017 State tax return.
Arizona law allows taxpayers to receive a dollar for dollar tax credit of up to $200 for individual filers and up to $400 for married filers for contributions made to Grande Innovation Academy. You can claim the tax credit when filing your 2017 Arizona State Income Tax return.
Be sure your contribution is postmarked or received at the school by December 31, 2017.
Contributions can be made by completing the Tax Credit Form and include a check for the amount of your contribution. Checks should be made payable to Grande Innovation Academy and can be mailed directly to the school:
950 N Peart Rd
Casa Grande AZ 85122
Your contribution will support activities that are considered extracurricular, including:
- Art Program
- Field trips
What is a tax credit? A tax credit is not a tax deduction. A tax credit is a dollar-for-dollar reduction in the actual tax owed. For example, if you owe $900 in state income taxes and you donate $400 to a public school for extracurricular activities, you may subtract the $400 from your tax bill and pay the state just $500.
What is an extracurricular activity? Extracurricular activity means any optional, non-credit educational or recreational activity that supplements the education program of the school. Activities such as sports, visual and performing arts, special programs, field trips, clubs or outdoor education can be funded with tax credit money. Extracurricular activities help children develop qualities such as leadership, team play and cooperation as well as provide safe, supervised activities after school hours.
Who is eligible? This tax credit is available to all Arizona individual taxpayers regardless of whether or not they have children in school. An individual can contribute and receive a tax credit for any amount up to $200, or a couple filing jointly can contribute up to $400.
Does all of my money go to extracurricular activities? Yes, 100 percent of your donation goes directly to the schools for extracurricular activities that benefit students by enriching campus life and learning. None of the money is used for overhead.
Can I designate where I want my money to go? Yes, you can say where you want your donation to go. You can choose your child’s school and designate it for any extracurricular activity or character education program you choose. You can donate to a school based on student poverty, type of activity, grade levels or location. If you want to donate to a school or an activity where not all parents can afford to contribute, you may do this.
Do I have to donate the full $200 or $400? You may donate any amount but you will only receive tax credit for the $200 or $400 limit. You may donate in installments during the calendar year, or donate it at one time.
Do I have to have a child enrolled at Grande Innovation Academy? No, any individual who pays Arizona State income tax can donate. Anyone with or without children, married or single, can take advantage of this tax credit.
For more information, please click here.
Thank you for your continued support!