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There's still time to apply tax credit to 2015 taxes!

posted Mar 10, 2016, 1:45 PM by PAMELA HORTON
There’s still time to make a tax credit donation to a Washington Elementary School District (WESD) school and have it apply to your 2015 taxes. Tax credit donations made on or before April 15, 2016 can be used to help reduce your 2015 or 2016 tax liability. The choice is yours. 


When you make a school tax credit donation you are enhancing the education of a child. Your donation can go to the program you specify, or you may permit the school to designate which of its extracurricular programs your donation will support – athletics, after-school classes, character education, field trips, music programs. 

To make a donation, simply go to the WESD Web site, www.wesdschools.org, and click the “Donate Now” button to donate online. If you prefer to print a form, go to “About WESD” and click “Tax Credit.” Complete the tax credit form and return it your neighborhood WESD school. 

State Department of Revenue Guidelines 
  • The tax credit program gives a dollar-for-dollar reduction in state income taxes. The credit is $400 for married taxpayers that file a joint return and $200 for single taxpayers or heads of households. If married taxpayers file separate returns, each spouse may claim one-half of the credit that would have been allowed. 
  • Public education tax credits may only be used to the extent that they reduce a tax liability to zero. Any unused amounts may be carried forward for not more than five consecutive years. 
  • You do not need to have a child enrolled in a school to take advantage of this tax credit. 
  • If a program is not designated by the contributor, the school will choose a program based on greatest need. 
  • Checks must be made payable to the individual school of the taxpayer's choice. 
  • Tax credit donations must be made on or before April 15 to be applied to the prior year’s taxes. 
  • When the school receives the check, a receipt will be issued for the individual's tax record. The District will also submit notification to the Arizona Department of Revenue. 
For further information, contact your neighborhood WESD school or Chris Wing in the Accounting Department at 602-347-2631.
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