Anyone with or without children, married or single, is
eligible for this unprecedented state tax credit.
The $400 maximum state tax
credit is available for taxpayers who are married and
filing jointly. A husband and wife who file separate
returns for a taxable year in which they could have
filed a joint return may each claim only $100.
For a single individual or a head of household, the tax credit is $200.
A state tax credit will allow
you to reduce the amount of your tax liability to the
state or increase your refund from the state. If you
donate the maximum $400, your Arizona tax bill would be
$400 less or your refund would be $400 more.
You may donate less than $400 and be eligible to receive
the state tax credit in the amount of your donation. The
amount you donate (up to $400) will be the amount you
may claim as a state tax credit.
You may split your $400 donation among more than one
public school, but will still qualify for a maximum
state credit of $400.
Your donation also reduces your taxable income to the
federal government, thereby reducing your tax burden to
the federal government usually by 1/3 of the donation
Lower your taxes and support students.
The Arizona Legislature
passed a law in 1997 (A.R.S. 43-1089.01) allowing Arizona
taxpayers to contribute up to $400 to a public school, and then
deduct that entire amount from their state tax bill. It's a
win-win situation for taxpayers and students!
Extracurricular activities are good for children and the community.
activities help children develop qualities such as leadership,
team play, and cooperation, as well as provide safe, supervised
activities after school hours. Thanks to you, these programs are
available to all children in the Round Valley District.
Tax credit vs. tax deduction.
A tax credit is a dollar-for-dollar reduction in the actual tax
owed. For example, if you owe $800 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 $400. A tax deduction only reduces total taxable
A receipt will be
provided for tax purposes. Donations must be received by
December 31 in order to be eligible for the tax credit this
Do it today!
complete the downloadable form and mail it, along with your
check, to the Round Valley School District.
On behalf of
the students, faculties and staffs of all of our Round Valley schools THANK YOU for
taking advantage of the $200 ($400 for married couples filing a
joint return) Arizona Schools Tax Credit!!
Your Contributions to the
many extracurricular funds at our schools are very much
appreciated. The money you
part of your Arizona School Tax Credit contribution, goes a long
way toward helping our students and we appreciate that.
The Tax Dollars you
contributed help our school extracurricular programs such as
band, orchestra, athletics, field trips, science clubs, computer
clubs, and many, many more. Your contribution helps purchase
needed equipment to support these clubs and programs, and, in
many cases, help students throughout the school as well.
Extra-curricular activities help children develop qualities such
as leadership, cooperation, and personal growth. They also
provide safe, supervised activities for students.
AGAIN, THANK YOU FOR BEING A PART OF THIS WIN-WIN
Questions and More Information
so how does the "tax credit" work?
Just send a donation by check or money order to the
Round Valley School District. Your donation may be
designated for the general support of extracurricular programs
at the school of your choice, or you may designate a specific
extracurricular program. You may also specify that your donation
is a fee to cover the cost of a specific child's participation
in a specific activity. You must enclose your social security
number with your donation, so the school can send you the
receipt which is required to take the tax credit.
Then, when you fill out your 2007 Arizona tax return, you can
subtract the amount of your contribution — up to $200 maximum
($400 for married couples filing a joint tax return) — from what
you owe in taxes for the year. It's not just a deduction; it's a credit.
For a change, YOU decide how your tax dollars are spent.
all that's nice, but I don't have kids in school. So, I guess I can't take advantage of this tax credit, RIGHT?
In fact, YOU CAN TAKE ADVANTAGE of the Year 2012 Tax
Credit, kids in school or not. If you pay Arizona Income Tax,
you can take advantage of this opportunity. Everybody wins. You
gain a Tax Credit, and the School of your choice gains $400*.
are no free lunches you know! All this sounds a little
too good to be true. But it IS True!
According to the Arizona Department of Revenue, "A credit of up
to $400* is available for payment of fees to an Arizona public
school for support of extra curricular activities."
Extra curricular activities are defined as school sponsored
activities that require enrolled students to pay a fee in order
to participate. Such activities include (but are not limited
to): field trips, fine arts (band, choir, orchestra, drama),
visual arts (painting, drafting, drawing, sculpture, pottery),
and athletics. Uniforms and equipment for these activities and
scientific laboratory equipment and materials are also included.
so what are the benefits?
There are plenty. You, the taxpayer, get a $400* Tax Credit
for supporting schools. The tax credit donation lets you choose
how your tax dollars will be spent.
Schools benefit because extra-curricular activities help
children develop qualities such as leadership, cooperation, and
personal growth. They also provide safe, supervised activities
Everyone benefits. It's a WIN-WIN situation!!
is just one small problem. I don't have $400 to donate
all at once
Does that mean I can't get this tax credit?
You don't have to give the full $400* all at once. The Tax
Credit donation can be contributed in increments throughout the
Year. You don't have to give all $400* to one school.
Portions of the Tax Credit can be donated to several schools.
(A tax advisor can also help you to adjust the amount withheld
from you paychecks so that your "take-home" pay will not be
affected by your decision to contribute to the school tax
just who gets my money?
The schools! If you don't have any particular school in mind, you can
make your tax credit donation directly to Round Valley Unified
Schools. The district will distribute all funds contributed in
this manner to those schools with the greatest need.
Your Tax Credit donation can only be used by SCHOOLS with
extra-curricular activities programs. The money cannot be used
by Round Valley District as a central entity. In cases of
undesignated Tax Credit contributions, the district merely acts
as a clearing house for the schools with the greatest need.
just how does my contribution help kids?
It helps students participate in our extra-curricular
programs, like sports, the arts, clubs and other activities that
enrich their education and provide them with valuable life
experiences. As noted, YOU can specify the program you want to
help or, better yet, let your donation help the school with the
a lot of money!
Hey, wait a second. I've been thinking. You know,
$400* here, $400* there, pretty soon you could be talking real
money, couldn't you?
You'd better believe it! Here's some of the math.
If every one of Round Valley's 275 employees made a $400*
contribution to the tax credit, our schools would gain $110,000!
If every one of Round Valley's 700 families made a $400* donation,
our schools would gain $280 Thousand!
If every one of the District's 2,200 households made a $400*
donation, our schools would gain an incredible $880 Thousand!!!
that would fix a lot of money problems!
Keep in mind that the tax credit can only be used for
extracurricular activities. It can't be used for teachers'
salaries and other Maintenance and Operations (M&O) programs.
BUT, if contributions are made to schools in general, that is,
if you do not restrict the use of the donation to specific
programs or events, THEN, the tax credit donations can FREE-UP
M&O dollars which CAN be used for teachers' salaries.
other words, I had better not wait!
You can start making contributions to your
Arizona School Tax Credit at any time and you're correct that
today is not too soon! For you to be eligible to receive the
credit for this year, schools must receive your donation by the
end of the year, or have it postmarked no later than December
One final note. The Arizona School Tax Credit is a Genuine "Two-fer."
If you contribute to the Arizona School Tax Credit, that money
might also be a "Tax Deduction" on your Federal Income Tax form.
See your tax advisor for additional details.
For additional information about the Tax Credit and how to make
a contribution, contact: Round Valley Accounting Department at
* - $400 for married couples filing a joint return