What
is The Tuition Tax Credit?
A.R.S. 43-1089,
The Tuition Tax Credit Law, allows Arizona taxpayers to receive
a dollar-for-dollar tax credit for contributions made to qualified
school tuition organizations like the Valley Lutheran Scholarship
Organization.
Beginning in
2006, married couples filing a joint income tax return may contribute
up to $1000 annually, married filing separately and all other Arizona
tax payers may contribute up to $500 each annually.
What
are the Benefits
Taxpayers will
receive a dollar-for-dollar tax credit on Arizona Income Tax. Donations
are also eligible to be claimed as a deduction on Federal Income
Tax returns.
Students who
would otherwise be unable to afford Valley Lutheran High School
or Martin Luther School can apply for tuition assistance from the
Valley Lutheran Scholarship Organization. Your gift will help provide
deserving students with a quality Christian education.
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Important
Information
- Tuition
assistance will be based on need.
- Your donations
will be distributed for tuition assistance to deserving students
who would otherwise be unable to receive a Christian education.
- Any taxpayer
in the state of Arizona may contribute to the Valley Lutheran
Scholarship Organization and receive a tax credit.
- Married
taxpayers filing jointly may donate up to $1000 annually. Other
taxpayers may contribute up to $500 per year.
- Donations
must be postmarked by December 31.
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How
Do I Make a Contribution?
Click
here for a printable form. Send
the completed form and contribution to:
Valley Lutheran
Scholarship Organization
5199 N. 7th Avenue
Phoenix, Arizona 85013
The Valley
Lutheran Scholarship Organization will send written confirmation
for all donations after the end of the calendar year in which the
donation was received. This acknowledgement will be the receipt
to be used when filing state and federal tax returns.
For additional
ways you can support the ministry of Valley Lutheran High School
or for more information about the Valley Lutheran Scholarship Organization,
contact:
Dr. Jay Krause,
Executive Principal
602 230-1600 ext. 110
jkrause@vlhs.org |
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This
web page is not intended to offer tax or legal advice. Please contact
the Arizona Department of Revenue, the Internal Revenue Service or your
tax advisor for specific advice.
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Valley Lutheran Scholarship Organization
The Valley Lutheran
Scholarship Organization is a recognized non-profit 501(c)3 organization
under the Internal Revenue Code.The scholarship organization has been
formed to collect and distribute funds to qualified families under provisions
of the Arizona Revised Statutes, Section 43-1089.
The Valley Lutheran
Scholarship Organization allocates a minimum of 90% of the funds received
for tuition aid. Funds are available to students enrolled at Valley Lutheran
High School and Martin Luther School.
Financial aid will
be awarded based on need.
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