Similar to individuals, S-Corps & LLC's that file as S-Corps have the opportunity to make a dollar-for-dollar tax credit to support students from low-income households.
Key Points:
- Any S-Corp, LLC filing as S-Corp, or C-Corp with an Arizona tax liability can participate.
- Corporate donors can designate a school (not a student) to receive their donation.
- Donations are a full tax credit off the corporations Arizona taxes.
- For pass-through corporations, the credit is passed through to its shareholders' individual Arizona taxes.
If you own a corporation or LLC filing as an S-Corp, please reach out for more information. Or, if you know someone who owns a company, let them know about this opportunity and have them contact us.
The initial date for 2022 corporate donations is coming quickly.
We look forward to working with you.