You Can Help Put Children First
December 06, 2022
Sponsored Content From Institute for Better Education
Tax preparers, you can help your corporate clients receive a dollar-for-dollar tax credit and help them to have control over where their state tax dollars go. Utilize Arizona's Only Corporate Tax Credit! Your corporate clients can help low-income and disabled/displaced children with their private school education with this simple donation process through IBE.
C-Corps, S-Corps, LLCs with an S-election and most insurance companies are eligible to utilize these tax credits. An envy of other states is that shareholders of S-Corporations even get to claim the dollar-for-dollar credit personally. Don't let your clients miss this opportunity to help children in Arizona attend private schools. Be sure to ask us about the 162 deductions for S-Corps!
Eligible Businesses
- C-Corporations
- S-Corporations
- LLCs that file as an S-Corporation
- Insurance companies that pay premium taxes in Arizona
Types of Programs
- Low-Income Corporate Tax Credit Program (children from low-income families)
- Disabled/Displaced Corporate Tax Credit Program (children with disabilities or have ever been in the Arizona Foster Care system)
Why IBE?
- Simple one-page form
- Phone and chat support
- Designated Corporate Program Coordinator for any questions
- IBE works with over 320 diverse schools
- Businesses can recommend a school(s) or designate to the "most needy fund"
- Businesses can pay with their credit card
Notice (A.R. S. 43-1603): A school tuition organization cannot award, restrict, or reserve scholarships based solely on a donor's recommendation. A taxpayer may not claim a tax credit if the taxpayer agrees to swap donations with another taxpayer to benefit either taxpayer's own dependent.