Do you have students attending Veritas Christian Community School?

Are you considering enrolling your child and wanting to know what tuition scholarships are available?

Let us be clear, school tuition costs are the responsibility of parents, but help is out there.

There may be tuition help for your child. This page will give you some direction on tuition scholarships available for students of private schools in the state of Arizona. The state of Arizona allows taxpayers to take a dollar-for-dollar credit on their Arizona taxes for contributions to scholarship organizations.  These scholarship funds are then available for students attending private schools in Arizona. 

The Arizona Private School Tuition Tax Credit Law, A.R.S. Section 43-1089, allows a married couple filing Arizona state taxes jointly to make a donation to a certified Scholarship Tuition Organization (STO) up to $1,000 and receive a dollar-for-dollar tax credit against the taxpayer's Arizona state income tax. A single taxpayer is limited to $500. The law allows a carry forward for up to five years if a donation is made in excess of the actual state income tax liability.

A taxpayer may also be able to claim a federal deduction for the tax credit donation. The taxpayer should consult their tax advisor for specific tax advice.

A.R.S. 43-1089 (G) now allows donations made through April 15 of the following year for the previous tax year. For example: A donor makes a tax credit donation on April 15, 2011. The donor’s tax credit may be claimed on either 2010 or 2011 taxes.

Take advantage of this opportunity now.