Arizona Private School Tax Credit

Married couples filing jointly can contribute up to $2,609. Individuals can contribute up to $1,307.

Make your 2023 Tax Credit contribution to PCDS through the Arizona Independent Schools Scholarship Foundation (AISSF) at www.aissf.org or by mail by April 15, 2024.

AISSF will send you a receipt for your contribution. Hold on to it.

When filing your 2023 taxes, complete Arizona Forms 323 and 348 to deduct the full amount of your contribution as a credit on your state tax return. To help you out, we will email you those forms when available by the state.

Your Tax Credit contribution will give you a dollar-for-dollar credit on your state taxes. You will deduct your contribution from what you owe the state.

Example: You owe $3,000 to the state, and you make a Tax Credit contribution of $2,609. You now only owe the state $391.

Your state refund will be increased by the amount of your Tax Credit contribution.

Example: You are due a refund from the state of $500. You make a Tax Credit contribution of $2,609 and you’ve now increased your refund to $3,109.

Anyone who pays Arizona state taxes can contribute – relatives, friends, co-workers, neighbors, etc.

It’s really that simple! Please contact Katie Charles or Kristie Berg if you have any questions.

Yes! These are two separate programs. Receiving an ESA scholarship does NOT prevent you from contributing your state tax dollars to AISSF.

PCDS is a 501(c)(3) charitable organization and belongs to four different School Tuition Organizations (STOs), which raise money on behalf of PCDS and other member schools.

Companies can redirect their taxes to one STO (or more than one), which distributes funds for scholarships for need-based students to attend PCDS and other private schools. The Corporate Tax Credit program is not about financial donations. In fact, making a contribution to an STO costs a corporation nothing; it is a virtually free opportunity for a company to redirect its tax dollars to students instead of paying them to the state.

Currently, C and S Corporations, and LLC's are eligible to redirect their taxes to STOs, which then allocate scholarships to our students. Qualified companies must be C or S corporations or an LLC that pay taxes in Arizona. Please consult with your tax advisor when filing state taxes.

First, you will know that your company is giving a lifelong gift of education by funding need-based scholarships that open doors that might never have been opened. In addition, PCDS works with each corporation to best meet its needs. Some corporations enjoy being named in promotional materials while other corporations wish to remain anonymous; we honor all contributions and contributors, public and anonymous.

Step 1: Click here to fill out the Corporate Tax Credit Application or contact Katie Charles.

Step 2: PCDS tax credit team will then complete the AZ Dept. of Revenue (ADOR) approval request form.

Step 3: ADOR approves or denies request within 20 days.

Step 4: PCDS tax credit team must receive the corporations contribution within 20 days of approval.

Step 5: Corporation will receive a contribution receipt and can then CLAIM THE TAX CREDIT!

While the deadline for submission for approval from the AZ Department of Revenue starts on July 1, 2023, the state will continue to approve corporate contributions until the cap is met. For the 2023-24 Fiscal Year (July 1, 2023 - June 30, 2024) the statewide cap is $142M.

Because the cap is typically met quickly, PCDS works with the corporations months ahead of time to line up submissions for approval from the AZ Dept. of Revenue starting July 1, 2023 — it is a first come, first serve basis.

There is no contribution limit per corporation! However, there is a minimum contribution of $5,000 for C and S Corporations and LLC's.

Yes! These are two separate programs. Receiving an ESA scholarship does NOT prevent your company from contributing state tax dollars to the Corporate Tax Credit program.