Redirect your tax dollars towards FCA scholarships
for athletes in the metro Phoenix and south Tucson communities
Will you have an Arizona State Tax liability that you will have to pay when you file your taxes in 2009?
If the answer is yes – a donation to the
Fellowship of Christian Athletes can help lessen your
Arizona State Tax Liability.
Who can receive the tax credit?
The Arizona Fellowship of Christian Athletes is a qualified agency to receive Arizona Charitable Tax Credit for Working Poor under ARS 1088. We are a charitable organization that is exempt from federal income taxes under section 501(c)(3).
List of qualified charities: www.revenue.state.az.us/Refunds%20and%20Credits/certifiedcharities.pdf
What is the difference between a tax credit and a tax deduction?
The difference between a tax credit and a tax deduction is that a tax deduction is an item that helps calculate what your final tax bill will be. A tax credit is applied as a reduction to your final tax bill. In this case, the tax credit comes right off the top of your state tax bill, lowering the amount of money you the taxpayer must pay.
More information on the tax credit: www.revenue.state.az.us/brochure/710.pdf
How much can I give?
The maximum amount of a tax credit donation under ARS 1088 a donor can give is:
- $200 for a single individual or an individual filing head of household
- $400 for a couple married filing jointly.
If a donor needs to reduce their Arizona State Tax Liability by a substantial amount they are able to take all three tax credits:
- Arizona Charitable Tax Credit for the Working Poor (ARS 43-1088)
- Public School Tax Credit
- Private School Tuition Credit
1. go to www.azfca.org/donate
2. click on “make a one-time gift”
3. In the "Desired use of donation" box select "Designate my gift to the following area" 4. Type in "Tax credit donation" in the box provided. 5. Fill in the amount of your tax credit donation. 6. Complete form and submit.
How to donate by mail
1. print and complete this form
2. mail completed form and check (payable to: FCA memo: Tax Credit) to…
FCA
PO Box 34466
Phoenix, AZ 85067-4466
Who does your tax credit donation help?
The Fellowship of Christian Athletes has a tax credit scholarship fund for summer camps. Inner-city athletes from the metro-Phoenix and south Tucson communities are given financial assistance to attend FCA Summer Sports Camps.
In 2008, FCA received $16,000 in tax credit donations that helped over 75 kids from Arizona attend an FCA Summer Sports Camp.
In 2010 our goal is to raise $40,000 in scholarships through this program. Can you help?
More Information about FCA camps: www.fcacamps.org
FCA is not a tax advisor. Please discuss your particular tax situation with a qualified tax professional for expert advice. For more information on this tax credit (ARS 43-1088), please contact the Arizona Department of Revenue at (602) 2 55-3381
We appreciate you spreading the word
by forwarding on this web site to others that can help us raise money for these kids!
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