Arizona Tax Credit

Help open the door to a New Way education.

The Arizona Department of Revenue provides tax credits for contributions made to Certified School Tuition Organizations which provide scholarships to students enrolled in Arizona private schools. Credits are available each tax year for donations made by individual taxpayers as well as for donations made by corporate taxpayers.

By contributing to the Arizona Private School Tax Credit program through our School Tuition Organization, Financial Assistance for Independent Schools (FAIS), you receive a dollar-for-dollar credit on your Arizona state income tax. Your tax credit contribution provides need-based scholarships for qualified students to attend New Way Academy. Over 70% of New Way students receive financial aid in order to attend New Way Academy. Your Arizona Private School Tax Credit is a great way to help make New Way a possibility for even more students.

The deadline to contribute a tax credit donation for the 2019-2020 school year is Wednesday, April 15th, 2020. 

There are four easy steps to help students benefit from a New Way education through your tax credit donation:

1 – Donate online by April 15th, 2020 by clicking the link below.

2 – Financial Assistance for Independent Schools (FAIS) will send you a receipt for your contribution. Save this with your tax documents.

3 – File your taxes! Complete AZ Forms 323 and 348 to claim your Private School Tax Credits.

4 – Receive your refund, and/or pay your tax liability knowing that your tax dollars were allocated directly to New Way students! 


Limits for 2019: 

$2,269 for married couples filing jointly

$1,135 for individuals

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Did you know?

  • Arizona taxpayers can take advantage of BOTH the Public School Tax Credit AND Private School Tax Credit in the same year.
  • Tax Credits are a dollar for dollar credit, not deduction, on your Arizona income taxes. This means instead of paying the state, you are redirecting some of your tax liability directly to student scholarships at New Way Academy.
  • You are eligible to contribute your Private School Tax Credit even if you receive a refund on your Arizona income taxes, and in some cases, you may even be able to maximize your refund by contributing to the Private School Tax Credit.

DISCLAIMER:

A School Tuition Organization (STO) cannot award, restrict or reserve scholarships solely on the basis of a donor’s recommendation. A taxpayer may not claim a tax credit if the taxpayer agrees to swap donations with another taxpayer to benefit either taxpayer’s own dependent. FAIS does not discriminate against any person due to color, race, religion, national origin, disability or gender.

The information contained on this page is not intended to offer taxpayers legal or tax advice. Always consult a tax professional regarding your tax situation. For more information contact the Arizona Department of Revenue at 602-255-3381.

I know my child will go on to have continued success because of the foundation built here at New Way.
-New Way Dad