You get it all back!
Arizona state law allows you to contribute to a child’s private school scholarship/tuition and they will give you a 100% tax credit on your AZ state taxes.
You make money!
You can also add this to your itemized deductions on your Federal return, which will save you $250 or more in Federal Taxes.
...a dollar for dollar REDUCTION in the amount you pay the state government
This is a great program for you and students at our school.
- You get 100% of your contribution back from the State.
- You make $250 or more as part of your Federal tax deduction.
- You can also get a 0% interest free loan to use as the contribution so you do not have to tie up your own money.
- 1. Fill out a ACSTO Donation form (attached or online at: www.glstempe.com )
- 2. Designate a child’s name, or leave blank for undesignated funds, and Gethsemane Lutheran School for the recommendation on your donation.
Here is how you can contribute
STUDENT’S NAME: ________________________
SCHOOL: GETHSEMANE LUTHERAN
3. Enter in your information and donation amount
$1,000 maximum per couple
$500 maximum per single tax payer
Mail the form, along with payment or credit card information, to Gethsemane, or bring it to the school or church office:
1035 E. Guadalupe Rd, Tempe AZ 85283
Interest Free Loan Information:
Tempe Schools Federal Credit Union
2800 S Mill Avenue
Tempe, AZ85282
480-967-9475
Example
Married couple invests the maximum of $1,000
In 25% tax bracket ($61,300 to $123,700)
Files jointly, and itemizes
(c)opyright 2002-2007 Gethsemane Lutheran School and Gethsemane Lutheran Church. Portions (c)opyright 1999-2007 The Web OnRamp Networks LLC used under license. Other copyrights and trademarks acknowledged. All rights reserved.
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1035 E Guadalupe Rd., Tempe Arizona 480-839-0906
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