Frequently Asked Questions about Arizona's "Low Income Senior Residents Tax Credit."
1. If we decide to donate to Christian Care, what is the process?
You may donate online (click here to make online donation) or mail your check to Christian Care Foundation: 6945 East Main Street Bldg. 5 Mesa, AZ 85201. To receive credit for 2009, the donation must be postmarked by December 31, 2009.
2. Do we receive a receipt for my donation?
Yes, we will send receipts plus all necessary tax forms by February 1, 2006.
3. Can we deduct the entire $400 as a state income tax credit if we file a joint return?
Yes. If your state income tax liability is more than $400, you can use the tax credit this year. Any excess can be carried forward and used to offset state income taxes for up to five years.
4. What if I file a single return?
Single returns are eligible for a maximum tax credit of $200.
5. How much of my donation goes to help the Christian Care Nursing Center and how much is used for administration?
The entire donation is used for the Nursing Center. None is used for administration.
6. May we donate less than $400?
Yes, $400 is the maximum credit allowed in one year. All donations are appreciated.
7. What if we are already donate and take a tax credit for private schools and/or public schools for extra-curricular activities?
AZ taxpayers may claim one, two or all three credits in any given year. However, the total of all these credits may not exceed your total tax liability. If you were only liable for $500 in total taxes, your credits cannot exceed $500. Liable means the total taxes due. If you are due a refund, tax credits will result in a larger refund!
8. Which Arizona state income tax forms do I use?
Forms 301 and 321. They are available from the Arizona Department of Revenue. We will also send you the two forms along with your donation receipt.
9. Is our donation also eligible for a federal income tax deduction?
Christian Care is a tax exempt 501(c)(3) charitable organization and all gifts are tax-deductible. Verify all specific tax questions with your tax professional.
10. What are the eligibility conditions to receive this tax credit?
Two criteras must be met in order to qualify for the AZ "Low Income Senior Residents" tax credit: 1) Donation must be made to a qualifying Arizona 501(c)(3)charity. (Christian Care is a qualifying charity.) 2) You must itemize deductions. (Christian Care will send you the tax form along with your receipt.)
11. I have not heard about this tax credit. How long has it been available?
Three separate tax credits were approved by the Arizona State Legislature in 1997: A) Contributions to Charities That Provide Assistance to the Working Poor or Low Income Senior Resident B) Contributions Made to Public Schools C) Contributions to School Tuition Organization. Your $400 donation to Christian Care Nursing Center will make a significant impact.
