Financial Assistance for Independent Schools
Take Control of Your Tax Dollars and Help Support Student Scholarships!
What is the private school tax credit?
• A contribution to Financial Assistance for ndependent Schools (FAIS), entitles you to a dollar-for-dollar tax credit against your Arizona state income tax obligation.
• Married couples can contribute up to $2,006. ($1,006 towards their original tax credit, plus $1000 towards the new tax credit.)
The 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.