Frequently Asked Questions (FAQs):
How do I claim my Arizona Tax Credit?
The Arizona Tax Credit is claimed when filing your tax return. You will need to include form AZDOR321 (available by clicking on this link or as a part of your electronic tax filing software) and entering Homeless ID Project’s Qualifying Charitable Organization number (QCO 20296).
Do I have to wait until I file my taxes to make a donation?
You can make a Tax Credit donation anytime during the year – and into the next year up until the April 15th tax deadline. You may want to set up a recurring monthly payment (online donation option) while at the same time having your employer reduce the amount of your state tax withholding. This will remove the need to make a large donation at any point and will spread the Tax Credit donation evenly across the year.
What will my donation do to help homeless people in our community?
Consider that it is impossible to get a job without an ID, and a single ID may be all it takes to move an individual from unemployed and homless to employment enabling housing. Similarly, birth certificates are needed for family housing, and a brith certificate may be the only thing standing between a family in shelter and a family in permanent housing. Your tax credit donation enables Homeless ID Project to provide necessary documents to those seeking to prevent or end their homelessness.
How much can/should I donate?
The Arizona Tax Credit program will return 100% of your donation up to eligible limits established for that tax year – but not more than your actual tax liability. One should always consult a tax professional, usually anyone expecting to have taxes due can take advantage of this tax credit donation. You do not have to donate to maximum eligible limit to claim the credit. A $100 donation, as an example, will qualify for the QCO tax credit.