You can provide free healthcare for those in need at no cost to you! Through the Arizona Charitable Tax Credit you can receive a credit on your Arizona tax liability up to $470 individually or $938 for couples filing jointly.
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.
All charitable tax credit organizations have been assigned a Qualifying Charitable Organization (QCO) Code. Donors will be required to use this code when taking the tax credit on their income tax returns. Sage Foundation for Health’s QCO Code is 20723.
At the beginning of each calendar year, we will send you a summary of your donations from the previous year as well as AZ Form 321. When filing your State taxes, you will be asked if you made any contributions to qualified charities (see example image below). You’ll select the appropriate credit(s) and click continue. *Please note these totals do not reflect the new 2024 tax credit increase.
You’ll enter Sage Foundation for Health as the charity name and include our QCO Code: 20723. You’ll also include your total donation amount.
After clicking continue, you’ll see the amount of what you owe to the State decrease, or the amount of your State return increase.
*Please keep in mind this is only intended to show the process of taking the credit in TurboTax. This is not tax advice and your specific tax situation may vary. Learn more about the Arizona Charitable Tax Credit by speaking to your tax preparer or through the Arizona Department of Revenue.
It’s a dollar-for-dollar credit for contributions to Qualified Charitable Organizations that can reduce the amount of personal income tax owed the State of Arizona. Sage Foundation for Health has received approval as a Qualified Charitable Organization.
Arizona taxpayers filing as “single” and “head of household” status may claim a maximum credit of $470. Arizona taxpayers that file as “married filing joint” may claim a maximum credit of $938.
You can make your contribution up to April 15th to qualify for the Charitable Tax Credit for the previous year. For example, contributions made by April 15th 2025 will qualify for the 2024 tax year.
Anyone who pays Arizona state income tax is eligible for the tax credit.
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.
Yes, each tax credit is authorized under different legislation and is independent. Therefore, you can take advantage of both the school tax credits and Charitable Tax Credits.
No, the tax credit is only for individual taxpayers.
Charitable Tax credits will increase your state refund. If you owe the state more than the amount withheld from your paycheck or the amount paid in estimated taxes, the credit will reduce the amount you pay and may result in a refund. If the amount of your tax credit exceeds your total tax liability to the state, the unused credits will be carried forward for up to five taxable years.