Did You Know…
Not all AZ taxpayers use their empowerment to direct a portion of their tax bill to help a charity, our veterans military fund and/or a school. Many charities in Arizona rely on QCO and QFCO donations as a significant percentage of their operational funding. They count on, and need your donations to continue their impactful work.
The percentage of AZ tax payers that took advantage of the charity tax credit is very low. Only 5.12 - 5.44% claimed the QCO credit and 1.15 - 1.23% claimed the QFCO credit for the last three tax years per a 2024 AZ Dept Rev FOIA request. Both tax credits can be used in the same tax year.
School tax credits, Veteran funds credit AND both Charity and Foster Charity tax credits can ALL be used in the same tax year. Charitable Tax Credits, Foster Care Charitable Tax Credits, Military Relief Fund Tax Credit and School Tax Credits can ALL BE COMBINED, and the credits will reduce your AZ income taxes owed.
Every year QCO and QFCO’s tax credit limits are adjusted for inflation by the AZ Dept of Revenue, current limits are:| QCOs | QFCOs |
|---|---|
| $938 - married filing joint taxpayers | $1,173 - married filing joint taxpayers |
| $470 – single, head of household, married filing separate taxpayers | $587 – single, head of household, married filing separate taxpayers |
| Military Family Relief Fund |
|---|
| $400 - married filing joint taxpayers |
| $200 – single, head of household, married filing separate taxpayers |
| Public Schools Tax Credit |
|---|
| $400 - married filing joint taxpayers |
| $200 – single, head of household, married filing separate taxpayers |
| Private School Tuition (STO) | Additional Credit for School Tuition |
|---|---|
| $1,459 - married filing joint taxpayers | $1,451 - married filing joint taxpayers |
| $731 – single, head of household, married filing separate taxpayers | $728– single, head of household, married filing separate taxpayers |
QCO, QFCO and Public/Private School Tax Credits that exceed taxes owed, carryover for five years, but only the unused portion of the credit to the maximum allowable for each tax credit type. Military Relief Fund tax credits do not carryover.