Financial Assistance for Independent SchoolsTake 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. |