Arizona Tax Credit
Tax Dollars Can Change a Student’s Life
New Way participates in the Arizona School Tuition Tax Credit through our School Tuition Organization, Financial Assistance for Independent Schools (FAIS). FAIS was established specifically for New Way to provide tuition assistance to students in financial need. No matter the amount, every gift makes a BIG difference.
Your contribution to FAIS as part of the Arizona Private School Tax Credit Program results in a dollar-for-dollar credit on your Arizona state income tax filing.
The deadline to contribute for tax year 2025 is April 15, 2026.
In recent years, more than one in four New Way students have applied for financial assistance through FAIS. The average gift awarded was just over $6,000, around 25% of annual tuition. This year, FAIS awarded nearly half a million dollars thanks to generous donations from individuals like you.
Change a child's life in four easy steps at no cost to you!
To help students and get a dollar-for-dollar tax credit for doing so, follow these four simple steps:
One
Determine your state liability
Two
Contribute to New Way’s STO, Financial Assistance for Independent Schools, by April 15
Three
File your taxes and complete AZ forms 301, 323, and 348 to claim your Private School Tax Credits
Four
Receive your refund and/or pay your tax liability
2025 Tax Credit Limits
Individuals: $1,535 | Married Couples: $3,062
2025 Tax Credit Form
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.