The YMCA has been a blessing for my family. As a single mother, the majority of my work earnings were going towards daycare costs and essentials for my children, with limited funds for anything else. The daycare I could afford was sub-par and did not provide my children with the attention they needed to learn and grow. We were unable to get ahead and I was concerned about my sons’ development. Financial assistance from the YMCA has allowed my two boys to attend a high quality preschool—they are growing and thriving! I have been able to further my education and pursue my nursing degree with confidence. Thanks to the YMCA, I am able to move forward and provide a better life for my family.
Make a gift to the Y’s working poor initiative, Valley YMCA Cares, and get a dollar-for-dollar tax credit—up to $800 for married couples, or up to $400 for singles—against what you owe in state taxes. If you don’t owe state taxes, your donation will come back to you as a refund! This is a great way to help deserving people in your community at no extra cost to you. You no longer have to itemize to take the credit, and you can take it in addition to the foster care and school credits!
How A Tax Credit Works
A tax credit is not a tax deduction…it’s better! A tax deduction simply lowers the amount of income that your tax is based on. But a tax credit directly reduces the amount of tax you owe. It gives you a dollar-for-dollar reduction of your tax liability. A tax credit of $800, for instance, lowers your tax bill by $800.
How Your Donation Will Be Used
Donations to Valley YMCA Cares will provide educational programs, childcare and other badly needed services for the working poor…people who still struggle to make ends meet. And, if you choose to, you can earmark your gift to your local Y community.
How To Take Advantage Of The Tax Credit
- Make a donation to the Y’s working poor initiative, Valley YMCA Cares. We’ll provide you with a receipt for your taxes. Call us at (602) 212-5114 to donate over the phone, click on the DONATE NOW button on the right, or download the donation form and either drop it off or mail it to the YMCA.
- File your 2017 state income taxes and claim the amount of your donation (up to $800 for married couples, up to $400 for singles) using AZDOR Form 321. This form is available on the Arizona Department Of Revenue’s website, azdor.gov/
- Credit-eligible contributions to YMCA Valley Cares made on or before April 15th may be applied to either the current or the preceding taxable year (and will be considered to have been made on the last day of that taxable year). NOTE: Because calendar year filers have until April 17, 2018 to file their 2017 tax return, these taxpayers also have until April 17, 2018 to make qualifying contributions and claim these credits on their 2017 return. For more information about the AZ Tax Credit: https://www.azdor.gov/about/faqs/charitabletaxcredit.aspx
For more information about the Valley YMCA Cares initiative for the working poor, please contact firstname.lastname@example.org
For more information about the Valley of the Sun YMCA, please visit www.valleyymca.org
DISCLAIMER: The Valley of the Sun YMCA is not a tax advisor. Please contact a qualified tax professional for advice on your specific tax situation.