Danica Cullins, Sonoran University Trustee and Zandra O’Keefe, Sonoran University Trustee and CPA, discuss the benefits to giving to Sage Foundation for Health through the Arizona Charitable Tax Credit.
Sage Foundation for Health provides funding to community clinics throughout Maricopa County which are staffed with licensed faculty physicians and third- and fourth-year medical students from Sonoran University of Health Sciences. Patients include families in low-income school districts, survivors of domestic violence, patients recovering from homelessness and trauma, individuals seeking LGBTQ+ care, and patients recovering from substance use.
Through the Arizona Charitable Tax Credit you can receive a credit on your Arizona tax liability up to $495 individually or $987 for couples filing jointly. There are four types of Arizona tax credits. Sage Foundation for Health is a Qualified Charitable Organization (QCO), eligible for the Arizona Charitable Tax Credit. Any Arizona taxpayer is eligible to claim this credit and it does not conflict with other Arizona tax credits. This means that you can donate to each type of organization and claim each credit. If you itemize your federal taxes, your gift to Sage Foundation will also qualify as a federal deduction.
Please note that this is not tax advice and you should speak with your tax professional regarding your personal situation.