PEPFAR or Making Abortion Legal and Paid With American Tax Dollars
Your Tax Dollars
2
Your Tax Dollars Don’t Wait For The State To Fund Education Give them to the state and… Give them to SHS and… • Let lawmakers distribute • Hope a portion is allocated to schools • Hope your child benefits • Designate the funds as you choose (see back) • Know exactly where your money is going • See your taxes directly benefit your child Rarely do we get to choose exactly how our tax dollars will be spent, so don’t let the opportunity slip away!! Giving our tax dollars directly to SHS shows the legislature that education is important to us. And here’s more good news… many employers match the tax credit contributions of their employees – effectively doubling the contribution!!! Please ask if your employer participates. Remember that tax credits can be any amount up to $400* and can be paid in a lump sum or incrementally. More information on back. Please contact the school office (731-7103) with questions or for further information. You have a choice regarding your tax dollars!! Take Charge Of * Single or Head of Household is a maximum credit contribution of $200. TAXES Arizona taxpayers can give up to $400* of their state taxes directly to Sahuaro High School. Cut out the government “middle man” and put your taxes to work for our students! This is not a “donation” but an opportunity to reroute a portion of your state taxes to directly benefit your child!! A tax credit contribution doesn’t cost anything extra. You’re simply paying some of your taxes directly to SHS instead of to the state! There are a variety of ways to directly benefit our students. (See list of options on back.) Any AZ taxpayer may participate. Would your friends & family be willing to help our kids? It’s fast and easy!! 1. Complete the Tax Credit form (download or complete online at http://www.tusd1.org/contents/distinfo/aztaxcredit/index.asp). 2. Write a check for the amount you would like to contribute (or pay online with a credit card). 3. Take or mail your check & completed form to SHS (or complete and pay online) before December 31, 2009. You will be given or mailed a receipt. 4. Keep your receipt in a safe place! By law, the school can not provide replacement receipts. 5. Calculate your state taxes to reflect your tax credit , and calculate your federal taxes to show the same amount as a donation . 6. Attach your receipt to your state tax return. Reduce your state tax bill (or increase your state refund) by the amount of your Tax Credit contribution.
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Take Charge Of. Your Tax Dollars. TAXES. Don’t Wait For The State To Fund Education. - PowerPoint PPT Presentation
Transcript of Your Tax Dollars
Your Tax Dollars
Don’t Wait For The State To Fund Education
Give them to the state and… Give them to SHS and…• Let lawmakers distribute • Hope a portion is allocated to schools• Hope your child benefits
• Designate the funds as you choose (see back)• Know exactly where your money is going• See your taxes directly benefit your child
Rarely do we get to choose exactly how our tax dollars will be spent, so don’t let the opportunity slip away!! Giving our tax dollars directly to SHS shows the legislature that education is important to us. And here’s more good news… many employers match the tax credit contributions of their employees – effectively doubling the contribution!!! Please ask if your employer participates. Remember that tax credits can be any amount up to $400* and can be paid in a lump sum or incrementally.
More information on back. Please contact the school office (731-7103) with questions or for further information.
You have a choice regarding your tax dollars!!
Take Charge Of
* Single or Head of Household is a maximum credit contribution of $200.
TAXES
Arizona taxpayers can give up to $400* of their state taxes directly to Sahuaro High School. Cut out the government “middle man” and put your taxes to work for our students! This is not a “donation” but an opportunity to reroute a portion of your state taxes to directly benefit your child!! A tax credit contribution doesn’t cost anything extra. You’re simply paying some of your taxes directly to SHS instead of to the state! There are a variety of ways to directly benefit our students. (See list of options on back.) Any AZ taxpayer may participate. Would your friends & family be willing to help our kids?
It’s fast and easy!!1. Complete the Tax Credit form (download or complete online at
http://www.tusd1.org/contents/distinfo/aztaxcredit/index.asp).
2. Write a check for the amount you would like to contribute (or pay online with a credit card).
3. Take or mail your check & completed form to SHS (or complete and pay online) before December 31, 2009. You will be given or mailed a receipt.
4. Keep your receipt in a safe place! By law, the school can not provide replacement receipts.
5. Calculate your state taxes to reflect your tax credit, and calculate your federal taxes to show the same amount as a donation.
6. Attach your receipt to your state tax return. Reduce your state tax bill (or increase your state refund) by the amount of your Tax Credit contribution.
New amount of your tax refund600 New amount of AZ state taxes owed100
Tax Credit Contribution400plus Tax Credit Contribution400minus
Tax refund due to you200 Adjusted state taxes due500
Taxes already paid1,200minus Taxes already paid500minus
AZ taxes owed1,000 AZ taxes owed
1,000
If you're DUE A REFUNDIf you OWE state taxes
This is how it works….
You can participate whether you OWE taxes are DUE A REFUND
New amount of AZ taxes owed600 New amount of AZ taxes owed988
100% dollar-for-dollar credit400minus 3% of $400 donation12minus
AZ taxes owed1,000 AZ taxes owed1,000
Tax CreditTax Deduction
By participating in this program, taxpayers receive a state tax credit, not a tax deduction; however, they can claim the amount of their contribution as a donation on their federal taxes. All examples shown here are calculated on a $400 contribution at the most common Arizona tax bracket (3%). Figures are fictional, used solely to demonstrate the tax credit concept. Results will vary based on contribution amount, tax bracket, and amount of taxes owed. For questions regarding their specific circumstances, participants should consult their tax professionals.
Difference Between a Tax Deduction and a Tax Credit
Following is a list of all SHS activities qualified by state law to receive tax credit contributions. Participants may direct their contributions to any one or more of these activities.
Athletic Fund (general)
Band
Baseball
Boys’ Basketball
Girls’ Basketball
Choir
Boys’ Cross Country
Girls’ Cross Country
Dance
Drama
Fine Arts (general)
Football
Boys’ Golf
Girls’ Golf
Mock Trial
Orchestra
Boys’ Soccer
Girls’ Soccer
Softball
Speech/Debate
Spirit Line
Boys’ Swimming
Girls’ Swimming
Boys’ Tennis
Girls’ Tennis
Boys’ Track
Girls’ Track
Boys’ Volleyball
Girls’ Volleyball
Wrestling
Specific Club (must be a chartered SHS club and participant must designate by club name)
Sahuaro General Fund (provides flexibility to support any of the above at Principal’s discretion)
For more information, please contact the school office at 731-7103.
