Powered by Grafix Web Works © 2012 - Saint Mary’s Catholic High School 2525 North Third Street - Phoenix, AZ  85004 - Phone: (602) 251-2500 calendar | parents | alumni | faculty Tax Credit The Arizona Private School Tuition Tax Credit law has been in effect since 1997, and has opened the door to private education for countless families that otherwise would not have the choice to send their children to a private school.    Individuals send their contributions directly to the school tuition organization, and that organization must then provide scholarships for students who apply.  For individuals:  An individual may claim a credit for making a donation to a School Tuition Organization for scholarships to private schools.  The maximum credit amount that may be taken for tax year 2010 and tax year 2011 is $500 for single, unmarried head of household and married filing separate filers and $1,000 for married filing joint filers.  The private school tuition tax credit is claimed by the individual taxpayer on their tax return. Saint Mary's recommends that individuals donate online or send their tax credit contributions to Catholic Education Arizona (formerly CTODP): CTODP, Bank Processing Center P.O. Box 53321 Phoenix, Arizona 85072 PLEASE DESIGNATE YOUR DONATION TO: St. Mary's Catholic High School, Phoenix (204) For other school tuition organization options, please contact the Development office (602) 251-2500.  For "C" corporations: The Arizona Corporate Tuition Tax Credit (CTC) Scholarship Program is an educational plan designed to help low-income families in Arizona obtain the best education for their children.   Under this program, certain corporations (C-corp) that owe Arizona corporate income tax, or insurance premium tax, redirect a portion or their entire tax obligation to student tuition organizations that award K-12 scholarships to students qualifying for the federal government's free or reduced lunch program.   The corporation, in turn, will receive a 100 percent tax credit for every dollar it donates.   Participating corporations redirect funds they must already pay to the state, enabling them to help low-income children achieve greater educational excellence at NO COST to the corporation. As a result, the program is paving the way for an educated workforce that will greatly contribute to the betterment of our communities.   Participating companies do not have to be domiciled in Arizona; the only requirement is that they have tax liability with the state. Dollars can fund scholarships for children in a specific region(s), schools or across the state.   Participation is simple and easy. For more information and to participate, contact Aaron Muth at (602) 251-2507.   Program Facts ▪ Corporations may redirect all of their AZ corporate income tax or insurance premium tax liability. ▪ Arizona's Department of Revenue gives participating corporations a dollar-for-dollar tax credit for every dollar transferred to student tuition organizations. ▪ Parent household income level must fall within financial guidelines for the federal free or reduced lunch program. ▪ Student Tuition Organizations verify every family's income on an annual basis. ▪ Giving to the Tax Credit Scholarship Program does not interfere with other philanthropic giving. ▪ Scholarships that pay for private school tuition are limited to $4,800for K-8, $6,100 for high school students, or the cost of tuition, whichever is less. ▪ The program cap increases statewide to $25.7 million for our current fiscal year. Catholic Education Arizona Informational Video Development Office Staff: Angelyn Bayless, Director of Development (602) 251-2506 abayless@smknights.org Peggy Arvallo, Development Assistant (602) 256-4909 parvallo@smknights.org