Did you know you can help Arizona teens in foster care? Tax credits make this EASY!
help arizona teens in foster care
Did you know you can help Arizona teens in foster care? There are multiple opportunities to come alongside us in this ministry.
Volunteering is an amazing opportunity that will not only change the lives of the foster youths we serve, but will also change your life.
- Online Giving
Camps cost a lot of money to operate and we could use your financial help. While there are other ways to contribute (see bottom of FAQs below), the easiest way to contribute is through online giving.
Every camp we put on needs to be covered in prayer. Please pray with us that these youth are served well and that their lives are impacted in meaningful ways.
Arizona Tax Credit
Instead of paying the State of AZ the taxes you already owe, Arizona allows and encourages you to redirect that money to a Qualifying Foster Care Charitable Organization (QFCO).
This is one of the easiest ways to contribute!
Click on the donate button above to donate today. Follow the quick, easy steps to make your donation by April 18th, 2023. Any donation amount up to $1,000 ($500 if single) can be considered a tax credit and applied to your taxes depending on how much you owe the State.
Note: This opportunity is a TAX CREDIT which is a dollar-for-dollar reduction of your taxes. This is NOT a TAX DEDUCTION, which simply lowers your taxable income. Consult your tax advisor or visit https://azdor.gov/tax-credits/contributions-qcos-and-qfcos for more information on claiming the credit on AZ Form 352.
Tax credits can be utilized each year and/or carried over depending on your tax liability each year.
Arizona Charitable Tax Credit
A tax deduction is what most people think of when it comes to writing something off on their taxes. Deductions lower your taxable income, so the amount you receive back is just a fraction of the deduction (equal to the percentage of your marginal tax bracket).
A tax credit, however, is a dollar-for-dollar reduction of your income tax liability. A $1000 tax credit can save you up to $1,000 depending on your tax liability (how much you owe).
No, T.R.A.C. Scottsdale is not a qualifying organization. However, Hope & A Future, an organization we partner with, is certified by the Department of Revenue as a Qualifying Foster Care Charitable Organization. When you donate through the link on this website, donations are made to Hope & A Future but reserved for Chandler T.R.A.C. When it comes time to submit your tax return, you will report Hope & A Future as the Qualifying Organization instead of Chandler T.R.A.C. Through our partnership, we are able to take advantage of this amazing opportunity the State of Arizona has afforded us.
Married taxpayers can contribute up to $1,000 and single taxpayers can contribute up to $500 to qualifying foster care charitable organizations. Donations to non-foster care organizations are an entirely separate credit and don’t count against what taxpayers can give to foster care organizations. The limits for non-foster care qualifying organizations are $800 and $400, respectively.
You report the name of the Qualifying Foster Care Charitable Organization (Hope & A Future) you donated to as well as the dollar amount of your donation on Form 352. You must also total all your Arizona tax credits on Form 301. Non-foster care credits are still reported on Form 321.
Beginning with the 2016 tax year, credit eligible contributions made to a Qualifying Charitable Organization or Qualifying Foster Care Charitable Organization that are made on or before April 15th (the 15th day of the fourth month following the close of the taxable year) may be applied to either the current or the preceding taxable year and is considered to have been made on the last day of that taxable year.
Yes. Donating to Hope & A Future and designating T.R.A.C. Scottsdale does not limit your ability to give under other Arizona tax credits, such as the private and public school tax credits or to other non-foster or foster care charities. Each credit has separate limits and you can give and benefit under all Arizona tax credits!
No. Starting with the 2013 tax year, you do not have to itemize deductions to claim a credit for contributions to a Qualifying Charitable Organization.
- Donations to Qualifying Charitable Organizations and Qualifying Foster Care Charitable Organizations are claimed as separate credits with separate limitations for each. In the past, the limits for the two types of organizations were combined into one.
- The maximum credit limits have increased.
- Qualifying Charitable Organization Limits: $400 single / $800 married
- Qualifying Foster Care Charitable Organization: $500 single / $1000 married
- Contributions can be made until April 15th of the following year. Previously, all contributions for the given year were due by December 31st. There is now more time to make contributions, just like traditional deductions.
- The Foster Care Credit form is now separate (Form 352). There is now Form 321 for regular organizations, Form 352 for foster care organizations, and Form 301 containing a summary of all credits taken.
Other ways to donate
The best way to make a donation is by writing a check payable to McDowell Mountain Community Church with “T.R.A.C.” written in the memo, and mail to McDowell Church, 10700 N 124th Street, Scottsdale, AZ 85259. You will receive a year-end tax statement from McDowell Mountain Community Church for your tax records to receive a tax deduction.
You can certainly also use the donate button above to donate to us with a credit card through Hope & A Future which will be designated for TRAC Scottsdale; however, it will be a traditional tax deduction instead of a tax credit since you won’t be filing an Arizona tax return.
By all means please do!!! The best way is to make the tax credit donation in its full amount by clicking on donate, then write a check for the remaining balance you would like to donate to McDowell Mountain Community Church. Mail check to McDowell Church, 10700 N 124th Street, Scottsdale, AZ 85259. Please write “T.R.A.C.” in the memo. You will receive a year-end tax statement from McDowell Mountain Community Church for your tax records to receive the tax deduction.
You can certainly also use the donate button above to donate the entire amount with a credit card; however, the donation amount above the tax credit limit will be considered a traditional tax deduction.
If you are from out-of-state then please follow the instructions from the question above regarding out-of-state donations.
If you will be filing an Arizona tax return and want to take advantage of the state tax credit, then you’ll need to write the check to Hope & A Future and designating T.R.A.C. Scottsdale since they are the qualifying foster care charitable organization that we partner with. Contact us and we’ll get you the appropriate information so that you can take advantage of the tax credit and still contribute to our camp.