Robbins: Scottsdale Charro donations can provide tax credit

“Have I got a deal for you?” Ok, it may not sound like a deal, but this program will absolutely change lives for the better and it costs nothing. The state of Arizona allows you a dollar-for-dollar tax credit if you designate a donation to certain Arizona-certified Qualifying Charitable Organizations and Qualifying Foster Care Charitable Organizations.

Dennis Robbins

Here’s how it works: A single Arizona taxpayer can give up to $400 to a Qualified Charitable Organization and receive  $400 back from Arizona in a tax credit. So, if you owe $500 in taxes, but you gave $400 in a qualifying donation, you would only owe Arizona $100 in taxes. If you are a married taxpayer filing a joint return, you can give up to $800. It works the same for Qualifying Foster Care Charities, except the limits are higher: $500 for a single filer and $1,000 for a joint filer.

The Scottsdale Charros and the Charro Foundation have set up an “umbrella organization” called CHAPS (Child Assistance Program Sponsor). This non-profit entity collects the money, you designate what Qualified Charity you want to support, we give you a receipt and you save BIG money! There are several other advantages to this program. You may also qualify for a Federal tax deduction when you make this designated donation.

You can make the donations IN ADDITION TO the public school tax credit program and the private school tax credit program that the state of Arizona offers. This allows you to direct where you would like you Arizona tax money to go so that it can make a big difference in your community.

The charities that we support do tremendous work in our community. Peter Rusin from Horsence, a Scottsdale-based charity, said “the tax credit donation has a huge impact on our programs. It offers donors the opportunity to give directly to the charities they choose while benefitting their bottom line when taxes are due.” You have to pay taxes anyway, so why not make a difference in a child’s life? In order to take advantage of this program, please visit our website at www.CHAPScharities.org.

Editor’s Note: Dennis Robbins is the Executive Director of the Scottsdale Charros

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