Arizona Tax Credit

Help open the door to a New Way education.

Contribute to the Arizona Private School Tax Credit and 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 60% of New Way students receive financial aid in order to attend New Way Academy, and this need grows every year. Your Arizona Private School Tax Credit is a great way to help make New Way a possibility for even more students.

New limits for 2017:
$2,177 for married couples filing jointly
$1,089 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.
  • You may be able to claim your Private School Tax Credit contribution as a charitable deduction on Federal Income Taxes, if your contribution is received by December 31st.

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