Fundraising

Tax Credit

Posted by gesherdisabilityresources on

GESHER DISABILITY RESOURCES IS APPROVED AS A QUALIFYING CHARITABLE ORGANIZATION FOR THE ARIZONA STATE TAX CREDIT!


Tax Credit – Qualifying Charitable Organizations or QCOs (formerly known as the “Working Poor”) accept donations that allow a dollar-for-dollar Tax Credit when filing in the State of Arizona, which may help lower your tax burden. Gesher Disability Resources is a 501c3 with tax id #86-0626273.

Beginning in the 2023 tax year, the limits will increase to $421.00 and $841.00, respectively. 

Gesher’s QCO Code = 20748.


* Consult a tax expert with any questions

Click this link to donate if the QR code isn’t working – https://www.paypal.com/donate/?hosted_button_id=F849BERLCFJKJ 

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[From the State of Arizona website:]

This individual income tax credit is available for contributions to Qualifying Charitable Organizations that provide immediate basic needs to residents of Arizona who receive temporary assistance for needy families (TANF) benefits, are low income residents of Arizona, or are individuals who have a chronic illness or physical disability. The tax credit is claimed on Form 321.

The maximum QCO credit donation amount for 2023:
$421 single, married filing separate or head of household; $841 married filing joint.

The maximum QCO credit donation amount for 2024:
$470 single, married filing separate or head of household; $938 married filing joint.

Please Note: Arizona law allows QCO donations made during 2023 or donations made from January 1, 2024 through April 15, 2024 to be claimed on the 2023 Arizona income tax return.  The maximum credit that can be claimed on the 2023 Arizona return for donations made to QCO’s is $421 for single, married filing separate or head of household taxpayers, and $841 for married filing joint taxpayers.  If a taxpayer makes a QCO donation from January 1, 2024 through April 15, 2024 and wants to claim the higher 2024 maximum credit amount,  the taxpayer will need to claim the credit on the 2024 Arizona return filed in 2025.