Donation Receipt For Tax Deduction In Phoenix

State:
Multi-State
City:
Phoenix
Control #:
US-0020LR
Format:
Word; 
Rich Text
Instant download

Description

The Donation Receipt for Tax Deduction in Phoenix serves as an essential document for individuals and organizations looking to acknowledge charitable contributions. This form provides a clear acknowledgment of the donation made, which can be utilized for tax deduction purposes, aligning with IRS regulations. It is crucial for donors to have this receipt to substantiate their claims during tax filing. The document is designed to be user-friendly, allowing attorneys, partners, owners, associates, paralegals, and legal assistants to easily fill in the necessary details, including the donor's information and the amount donated. Users should ensure the receipt is dated and includes the charity's information for compliance. Specific use cases include nonprofit organizations issuing receipts for cash donations, as well as itemized donations for tax deductions. This document is pivotal for maintaining transparency and promoting accountability in charitable giving. The structured format ensures clarity and can be easily customized to fit the unique circumstances of each donation.

Form popularity

FAQ

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).

The amount of the credit is $25 for each resident of Arizona and for whom a personal or dependent exemption is allowed on the Arizona return. For example, if taxpayers are married filing jointly, they may claim a credit of $25 for themselves, their spouse, and $25 each for up to two dependents.

The Charitable Tax Credit allows Arizona donors like you to get back your HandsOn Greater Phoenix charitable donation as a state tax refund or credit against what you owe in state taxes up to $470 ($938 if married filing jointly). It's easy, and there's no need to itemize. Donate!

Ing to the IRS, any kind of donation above $250 should require a donation receipt. The same applies to stock gifts/donations.

Qualified Charitable Organization Junior Achievement of Arizona #20937. East Valley JCC #20885. Arizona Autism United #20353. Mom's Pantry #21059. St. Vincent De Paul Society, Diocese of Phoenix #20540. Pawsitive Friendships #20861. Arizona Disabled Veteran Foundation #20069. Phoenix Dream Center #20061.

ResidenceState/Local Individual Income Tax?Maximum State/Local Charitable Tax Benefit Arizona YES 2.50% Arkansas YES 4.90% California YES 13.30% Colorado YES 4.40%26 more rows

Trusted and secure by over 3 million people of the world’s leading companies

Donation Receipt For Tax Deduction In Phoenix