EXTRA CURRICULAR TAX CREDIT
We will receive an email from Intuit when payments have been made and we will email you a tax receipt. We really appreciate your support.
Hip Hop Dance Exercise Class November 8, 2011
We have 3 classes which are extra curricular at this time, music choir classes for the elementary classes on Friday afternoons, a dance/exercise class on Tuesdays and our First Lego League which ends the first weekend of December with the competition on Saturday, December 3, 2011.
You can now donate for the 2011 tax year.
These funds paid partially for the opera "The Song of Hiawatha" March 2009
What would you say if you were
given the opportunity to donate up to $400 to your child's charter school,
$200.00 for a person filing single, to be
used for extracurricular fees, and receive the entire amount back? Arizona tax
law allows you to do just that!
Arizona tax law (ARS 43-1089.01) gives taxpayers a tax credit of up to $400, per calendar year, if they contribute to extracurricular activities in public or charter schools. What is a tax credit? This is an actual credit against income tax imposed upon the individual. In other words, if your imposed Arizona state income tax is $500, the amount owed could be cut by as much as $400. On the other hand, if you were due a refund of $100, you would receive $400.
The amount of money contributed
(up to $400 dollars a family) is subtracted from the amount of taxes you owe, or
added to your refund. A tax credit is a full refund of your money.
Contributions that are eligible for a tax credit are donated directly to the
public or charter schools specified by the donor. How do you take advantage of
this opportunity? It's easy.
Just go to your school office
and write out a check made out to the school or use the payment button above to
make your payment, making sure to put your social
security number on the memo line. GEM Charter School will keep track of all of
your payments and issue a receipt following your last payment. If it is more
convenient, you can fill out the form at the top of the page and mail it with your check directly
to the school.