For
Extracurricular Programs
The Law Governing Tax Credits (A.R.S. §
43-1089.01)
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Tax Credit given for payments made to a
public or charter school by a taxpayer for the support of extracurricular
activities, but not to exceed $400 for married couples filing jointly, and $200
for single persons filing
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Taxpayers are not required to have a
student enrolled in school to qualify for the credit.
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Only available to individuals—not
corporations or businesses.
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Undesignated funds are appropriated for
proper use according to state laws by the school board.
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Applies to school-sponsored activities that
require enrolled students to pay a fee in order to participate or to character
education programs purchased by the school.
Definition of Extracurricular Activities (A.R.S. §
15-342)
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Optional,
non-academic credit, educational or recreational activities such as outdoor
education, field trips, band, athletics, performing arts, Spanish Club, or
other special programs.
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Generally,
educational or recreational activities before, during or after school that
supplement the educational program and are designated as extracurricular by the
school board.
How It Works
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Make your check or money order out to Happy
Valley School and mail it to the school. Post-mark and date on your check must be on
or before December 31, 2007 to qualify for 2007 taxes.
¨
Checks or money orders may be hand
delivered to our office during regular hours or to our staff in Day Care at any
time that it is in session (includes Summer, Winter
and Spring breaks).
¨
A receipt for your contribution will be
mailed to you from HVS by January 31, 2008.
¨
Fill out the appropriate lines on your
Arizona Income Tax return and apply the amount you contribute to your tax
liability. Depending upon the tax you
owe, you will receive a tax credit or a refund for the amount contributed (up
to $400 for joint returns and $200 for single filers).
NOTE: All
contributions must be received or postmarked by December 31, 2007 in order to be
credited against 2007
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The Students and Staff at Happy Valley School sincerely
appreciate your consideration!