It’s Tax Season! Here’s What You Should Know About STO Tax Credit

As we approach a long-awaited Tax Year 2024 filing deadline, our team at Catholic Education Arizona wants to thank you for another fantastic year of support. Without you, we wouldn’t be able to accomplish the life-changing work that we do for students across Arizona, that impact our community and families. If you’re looking for the right time to help Catholic schools and students, there’s no better time than now. Here is some valuable information about STO tax credit and how they benefit you, your business, and your community. Let’s get started!

Contributions That Give Back

While the act of helping educate children often brings emotional joy and a feeling of giving back to the community, our state of Arizona also believes that quality education is a choice that should be made by parents, regardless of their financial means. However, sometimes the financial situation that you find yourself in might limit these potential choices.

For this reason, Private Education tax credits are available for those who make contributions to Certified School Tuition Organizations including Catholic Education Arizona. These organizations provide scholarships to students enrolled in Diocese of Phoenix schools.

Benefits for Both Individual and Corporate Taxpayers

You can take advantage of school tuition organization (STO) dollar-for-dollar tax credits in two different ways. Individual filers can make their contribution and receive an STO tax credit receipt to use for tax filing. Corporate tax credit contributions can be made  by submitting a Corporate Commitment form to CEA for application with AZDOR.

While navigating tax season is never easy, our team at CEA is here to answer all of the questions you have about tax credits, and more. Whether you are an experienced tax wizard, or just want to be 110% sure of your tax filing, Catholic Education Arizona is here for you to be a resource.

Transforming Your Community With STO Tax Credit

When you contribute to your local private school community, you’re helping to grow the future education system. Contributions see more underprivileged children chasing their gifts and talents, while also giving you a bigger tax return. 

While your STO tax credit is for the tax year, a charitable contribution can change a child’s life forever.

Here at CEA, we want to see every student reach their full potential. If you’re interested in enrolling your child in a Catholic school or are looking for more information on redirecting your STO tax credit to our organization, please give our team a call today. For more information visit our website check out this guide.