Payson Community Christian School principal Teresa Purtee wants parents and taxpayers to know the Credit for Kids tax program applies to private Christian schools, like PCCS, as well as public ones.
Arizona state law allows a $200 tax credit for individual taxpayers and a $250 tax credit for married persons filing jointly.
The donation is a credit against any tax liability not a deduction from income.
In donating, taxpayers have the option of designating where the tax dollars will be used.
Also, the Arizona Private School Tuition Tax Credit Law allows a single taxpayer or married taxpayers filing jointly to make a maximum yearly contribution of $625 to the Arizona Christian School Tuition Organization.
Like Credit for Kids, taxpayers receive a dollar-for-dollar tax credit against their Arizona State income tax.
To donate to ACSTO, a taxpayer's state income tax liability must be $625 or more. If taxpayers donate to Credit for Kids and ACSTO, they will receive credit for $825. Those who donate to ACSTO may do any amount less than $625. Receipts for tax returns are mailed out by Jan. 31.
"We receive a substantial amount from these tax programs," Purtee said.
ACSTO is a federally tax exempt charitable organization. Purtee's advice for finding out if a taxpayer is eligible for a federal income tax deduction is to consult a tax advisor for specific advice.
To donate to ACSTO, pick up a donation card at the Payson First Southern Baptist Church where PCCS currently holds middle school and high school classes. About 35 PCCS students are enrolled. PCCS elementary students attend classes at the Payson Seventh-day Adventist Church where forms are also available.
First Southern Baptist Church is located at Bonita Street and Colcord Road and the Seventh-day Adventist church is at 700 E. Wade Lane.
Construction of a proposed new PCCS facility at 500 S. Mud Springs Rd. has not begun.
To receive credit for the present tax year, donations must be received or postmarked by Dec. 31, 2004.