QUALIFYING TAX CREDIT ORGANIZATION
OCJ Kids Is a Qualifying Foster Care Charitable Organization…
At OCJ Kids we are strictly non-profit and we make sure that your donations go to where they matter most. We operate on a very lean budget with the majority of services and overhead being donated by outside partners. As a result, this means that $0.90 of every dollar contributed to OCJ Kids is used to make a difference in the lives of the children we serve.
Your support is critical to ensuring the ongoing success of our mission.
There are many ways to donate to OCJ Kids.
ARIZONA FOSTER CARE CHARITABLE ORGANIZATION TAX CREDIT
You can help us continue creating these moments and memories for children in foster care. Your donation to OCJ Kids will allow us to impact foster children and youth across Arizona all year long. Donations to OCJ Kids are eligible for the Arizona Foster Care Charitable Organization Tax Credit ~ this means an Arizona tax credit for you of up to $500 for an individual or $1,000 for a couple. Donate online today at www.ocjkids.org or mail your donation to OCJ Kids 524 W. Westcott Drive, Phoenix, Arizona 85027. For more information on the tax credit visit www.azdor.gov or consult your tax professional.
The AZ Charitable Tax credit is different from the AZ School Tax Credit, you CAN give to both and claim both.
Below is information taken from the Arizona Department of Revenue website with answers to your questions about the Qualifying Charitable and Foster Care Charitable Organization Tax Credit. www.azdor.gov.
What is the tax credit for charitable organizations?
You may claim a tax credit for voluntary cash contributions you make during any taxable year to a Qualifying Charitable Organization. A Qualifying Charitable Organization is a charity that is a 501(c)(3) or a community action agency that receives community services block grant program monies that spends at least 50% of its budget on services to Arizona residents who either receive temporary assistance for needy families (TANF) benefits, are low income residents whose household income is less than 150% of the federal poverty level, or are chronically ill or physically disabled children and shows that the charity plans to continue spending at least 50% of its budget on services to those described above. A charity has to apply for and meet all requirements of the law to be considered as a Qualifying Charitable Organization. Approved charities’ names are listed on the Department of Revenue’s website.
How do I claim the credit for contributions to Qualifying Foster Care Charitable Organizations?
The credit is available only to individuals. You report the name of the Qualifying Foster Care Charitable Organization you donated to as well as the dollar amount of your donation to the Department of Revenue on Form 352. You must also total your nonrefundable individual tax credits on Form 301 and include all applicable forms when you file your tax return.
What is the tax credit for Qualifying Foster Care Charitable Organizations?
Recent legislation in 2013 allows you to claim a tax credit for voluntary cash contributions you make during any taxable year to a Qualifying Foster Care Charitable Organization. To become a Qualifying Foster Care Charitable Organization, an organization must first meet all requirements to be a Qualifying Charitable Organization. In addition, a Qualifying Charitable Organization must provide ongoing services to at least 200 foster children in Arizona and spend at least 50% of its budget on ongoing services to foster children in Arizona to be considered as a Qualifying Foster Care Charitable Organization. Approved Qualifying Foster Care Charitable Organizations’ names are listed on the Department of Revenue’s website.
How much can I claim for the credit for contributions to Qualifying Foster Care Charitable Organizations?
Taxpayers filing as “single” and “head of household” status may claim a maximum credit of $500. Taxpayers filing as “married filing separate” may claim a maximum credit of $500. Taxpayers that file as “married filing joint” may claim a maximum credit of $1,000.
Do I have to itemize deductions to claim the credit for contributions to Qualifying Charitable Organizations?
No. Starting with the 2013 tax year, you do not have to itemize deductions to claim a credit for contributions to a qualifying charitable organization. For 2012 and prior, you were required to itemize deductions on your Arizona return in order to claim a credit for contributions to a qualifying charitable organization.
Do I claim my charitable contribution as a tax credit or a deduction?
You may only claim a tax credit for your charitable contribution on your Arizona state return if the organization you donated to is considered a Qualifying Charitable Organization. A complete listing of Qualifying Charitable Organizations is published on the Department of Revenue’s website. Donations made to organizations not listed on the department’s published website are typically allowable as deductions. You cannot claim both a deduction and a credit for the same charitable contribution on your Arizona return.
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AZ TAX CREDIT
Youth are amazing! They hope, dream, challenge, learn and lay the groundwork for their futures and ours. The education, experience and family values instilled in a teen will follow them for the rest of their lives. Every day, youth in society are exposed to unhealthy and unstable futures.
OCJ Kids’ mission is to equip foster and at-risk children and youth by providing them tools, resources, and positive role models to succeed and excel in every area of life.