Quest for Education and Arts

Tax Credit

AZ TAX CREDIT INFORMATION


How does it work?

-1-

Make a donation Quest using Paypal or by sending us a check made out to Quest Science Club (that's our official name). You can donate as much or as many times as you would like!

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Print out and complete AZ Form 321 and include it when you file your 2018 state taxes by April 15, 2019. Please use Quest's official name Quest Science Club and our tax code number is 22032.

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Claim your dollar-for-dollar (up to $400 if filing singly or $800 if filing jointly) Arizona Charitable Tax Credit! This will either reduce your tax liability or increase your refund.

 

Frequently Asked Questions

What has changed since last year?

The Arizona Department of Revenue has added a new reporting requirement for the qualifying charitable organization credits for 2018 tax returns.

A unique five digit code has been assigned to each qualifying charitable organization and qualifying foster care charitable organization. These codes must be included on your tax return for the credits to be accepted. For example, the Quest's code number is 22032.

What kinds of tax credits can I get for donating to schools or charity?

You can claim a tax credit for donations made to K-12 Arizona public schools, including charter schools, and to School Tuition Organizations, which provide scholarships to private schools.

You can also get a tax break for making donations to a qualified charitable organization or foster-care organization, or to the Arizona Military Family Relief Fund, which provides financial assistance for active duty service members, pre and post 9/11 veterans and their families.

Do I have to choose one category or can I give to all of them?You can donate to all of them, up to the maximum amount allowed in each category.

Can I make more than one donation within each category?

Yes, but you need to stay within the limit for each category to get your donation back as a dollar-for-dollar credit.

Can I get a credit for donations made that exceed how much I owe in taxes?

Sorry, but no. If your tax liability — the amount of taxes you owe for a given year — is less than your donation, the credit can be used only to reduce your liability to zero. You can’t get an additional refund. However, unused tax credits, except for donations made to the military-family funds, can be applied to future tax years, but not beyond five consecutive years.

If I claim a tax credit, can I also write off the donation on my taxes?

Generally, donations claimed as a tax credit cannot also be used as an itemized deduction on your Arizona income tax return. You may be able to deduct the contributions made before Aug. 28, 2018, on your federal tax return, again depending on your situation. See a tax professional for help.

Once I make the donation, how do I get the credit?

If you donate to a public or private school or to a qualifying charity, you claim a credit on your state income tax return.

Use Form 322 for donations to public schools, Form 323 for donations to private schools, Form 348 for additional donations to School Tuition Organizations, Form 321 for donations to charitable organizations, Form 352 for donations to foster-care organizations and Form 340 for donations to the Arizona Military Relief Fund.

Again, new this year is that Arizona has assigned a code number to each qualifying charitable organization and qualifying foster care charitable organization. Donors will be required to enter this number on their tax returns to get the credit. Quest's code is 22032.

When is the deadline?

For federal tax deduction purposes, all donations are deductible only in the year paid. Contributions in all other categories must be paid on or before April 15, 2019 -- those made between Jan. 1 and April 15, 2019, can be claimed on your 2018 or 2019 Arizona income tax return.

Still have questions?

Feel free to call us at (520)818-8064 or send us an email at office@questforeducationandarts.com Thank you!