|
STO Tax Credits
Dear Friends and Families of SCA:
In 1997 the Arizona State Legislature enacted ARS § 43-1089, the Arizona Private School Tuition Tax Credit Law. Subsequently the Arizona Supreme Court upheld the constitutionality of this law.
In the years 1998-2006 Arizona citizens have donated more than $240 million to help pay tuition for students at private schools pursuant to this law. In the process, the state of Arizona has saved millions of dollars by not having to bear the cost of educating thousands of students who might otherwise have attended public schools.
I invite you to make a contribution to one of many school tuition organization’s,(STO’s) and thereby receive a dollar-for-dollar tax credit, not just a deduction, against your Arizona state income tax. In effect what you are doing is directing your tax liability to student scholarships. Below are on-line links of two major STO’s who support students attending Scottsdale Christian Academy. The maximum contribution per year available for the credit is $1,000 for a married couple filing jointly, or $500 for a single person filing individually.
You may recommend Scottsdale Christian Academy specifically with the STO you submit your contribution through. You may even recommend a specific student at SCA and the recommendation will be considered by the selection committee of the STO which has complete discretion in making award decisions.
Because this is a tax credit, you have the opportunity under Arizona law to direct a portion of what otherwise would be a state income tax payment to ultimately help a child pay tuition at Scottsdale Christian Academy which greatly benefits both the child and Arizona’s taxpayers.
Public schools have a similar tax credit program. We encourage you to make a donation directly to a public school. The public school donation is a maximum of $400 for married persons filing jointly and $200 for a single person filing individually. That donation is specifically limited to use for extra-curricular activities. You are permitted to donate to both the STO of your choice ($1,000) and to a public school ($400) for a combined $1,400 per year in Arizona education state income tax credits. Please consult your tax adviser on this or any other matters that effect your tax planning.
The contribution is made through the STO (school tuition organization) and not through SCA. Please do not send your STO donation directly to SCA. Please click one of the links below to access more information regarding the process of making the donation through the STO.
Faithfully,
Academy Advancement
Click on the link to view a complete list of the Private School Tuition Organizations available through the Arizona State Department of Revenue website: List of Private School Tuition Organizations
The following are links to the most popular STO Programs which our families utilize:
|
