The following form is a general form for an unrestricted charitable contribution of cash.
Arizona Unrestricted Charitable Contribution of Cash
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Arizona Form 321 provides two contact phone numbers for taxpayers making contributions to qualifying charitable organizations.
Individuals may deduct qualified contributions of up to 100 percent of their adjusted gross income. A corporation may deduct qualified contributions of up to 25 percent of its taxable income.
Overall deductions for donations to public charities, including donor-advised funds, are generally limited to 50% of adjusted gross income (AGI). The limit increases to 60% of AGI for cash gifts, while the limit on donating appreciated non-cash assets held more than one year is 30% of AGI.
The maximum QCO credit donation amount for 2023: $421 single, married filing separate or head of household; $841 married filing joint. The maximum QCO credit donation amount for 2024: $470 single, married filing separate or head of household; $938 married filing joint.
The Arizona standard deduction amounts are: ? $12,950 for a single taxpayer or a married taxpayer filing a separate return; ? $19,400 for individuals filing a head of household return; and ? $25,900 for a married couple filing a joint return.
The maximum QFCO credit donation amount for 2023: $526 single, married filing separate or head of household; $1,051 married filing joint. The maximum QFCO credit donation amount for 2024: $587 single, married filing separate or head of household; $1,173 married filing joint.
Your deduction for charitable contributions is generally limited to 60% of your AGI. For tax years 2020 and 2021, you can deduct cash contributions in full up to 100% of your AGI to qualified charities. There are limits for non-cash contributions.
Pursuant to A.R.S. §43-1089.01, an individual may claim a nonrefundable tax credit for making cash contributions or for certain fees paid to a public school located in Arizona for the support of extracurricular activities or character education programs.
