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Similar to individuals, corporations can make tax credit donations to support families going to private schools.Â
Key Points:
- Any S-Corp, LLC filing as S-Corp, or C-Corp with an AZ tax liability can participate.
- For pass-through corporations, the credit is passed through to its shareholders individual AZ taxes.Â
- Donations are a dollar-for-dollar credit off the corporations AZ taxes.Â
- Donating corporations can designate a school receive their donation.
If you own a C-Corp, S-Corp, or LLC filing as an S-Corp, please reach out for more information. Â The funds can support your school!
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Insurance companies, restaurant owners, medical professionals, manufacturers, small business owners, and service providers can all participate.