​Arizona's Tuition Tax Credit Scholarship Programs: Corporate & Individual Credits

Through Arizona's Corporate and Individual tuition tax credit programs, Individuals, Corporations, and Insurance carriers, can receive a 100% Dollar for Dollar tax credit for their donation to Academic Opportunity of Arizona. Since 2016 we have partnered with over 60 schools statewide and allocated over $6,400,000 towards students in need. *Subject to annual state limits.

Corporate Tax Credits
Arizona Corporate Tuition Tax Credit allows C-Corporations, S-Corporations, and Insurance companies (premium tax) the ability to donate a portion or all of their annual tax liability and receive a 100% dollar for dollar tax credit.

1. Identify your tax liability and determine how much you would like to donate. (Your company can donate the entire corporate income/insurance premium tax liability).
2. ​Contact AOA and complete your commitment form (see button above)
3. AOA will file your request with the Department of Revenue (DOR) seeking approval for the donation amount. The DOR will respond within 20 days on whether or not funds are available under the current fiscal year cap.
4. Once your donation amount is approved by the DOR, donations must be received by Academic Opportunity of Arizona within 20 days.

Individual Tax Credits
Tax Year 2020, Married couples filing jointly can claim a maximum credit of up to $2,365, and a Single taxpayer can claim up to $1,183. These amounts reflect both of Arizona's Original and Plus School Tax Credits for individual taxpayers in 2020. 

*Please consult with your tax professional regarding eligibility and carryover options.*