This form is a sample letter in Word format covering the subject matter of the title of the form.
Charitable Donation Form For Taxes In Phoenix
Category:
State:
Multi-State
City:
Phoenix
Control #:
US-0018LR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
ResidenceState/Local Individual Income Tax?State/Local Charitable Tax Benefit California YES YES Colorado YES YES Connecticut YES NO Delaware YES YES26 more rows
Arizona provides two separate tax credits for individuals who make contributions to charitable organizations: one for donations to Qualifying Charitable Organizations (QCO) and the second for donations to Qualifying Foster Care Charitable Organizations (QFCO).
Generally, any nonprofit organization that promotes religious, literary, educational, scientific, humanitarian or other charitable causes will qualify. However, if the combined value of all property you donate is more than $500, you must prepare Form 8283 and attach it to your tax return.
You report the name of the Qualifying Charitable Organization you donated to as well as the dollar amount of your donation to the Department of Revenue on Form 321. You must also total your nonrefundable individual tax credits on Form 301 and include all applicable forms when you file your tax return.
Arizona provides two separate tax credits for individuals who make contributions to charitable organizations: one for donations to Qualifying Charitable Organizations (QCO) and the second for donations to Qualifying Foster Care Charitable Organizations (QFCO).
However, you should be able to provide a bank record (bank statement, credit card statement, canceled check or a payroll deduction record) to claim the tax deduction. Written records, like check registers or personal notations, from the donor aren't enough proof. The records should show the: Organization's name.
The credit is available only to individuals or couples filing jointly who have a state of Arizona tax liability. You report the name of the Qualifying Charitable Organization you donated to as well as the dollar amount of your donation to the Department of Revenue on Form 321.
Contributions to Qualifying Charitable Organizations There are two tax credits available to individual income taxpayers for charitable donations: one for donations to Qualifying Charitable Organizations and one for donations to Qualifying Foster Care Charitable Organizations.
Individuals, partnerships, and corporations file Form 8283 to report information about noncash charitable contributions when the amount of their deduction for all noncash gifts is more than $500.
More info
A nonrefundable individual tax credit for voluntary cash contributions to a qualifying charitable organization (QCO). Complete AZ Form 321 and include it when you file your 2024 state taxes.Learn more about these possible tax deductions here. To claim the credit, you need to complete the Arizona Form 321 for donations made to QCOs. You must attach this form to your state tax return. Making a donation is easy: Donate online, keep your receipt and claim your tax credit when you file. Every dollar reduces your tax liability. Fill out the corresponding tax form(s).
