Verde Valley STO Arizona Tax Credit

Arizona law allows you to directly give your tax dollars to independent schools through a School Tuition Organization (STO) - an IRS Tax Exempt Organization.

 

We are excited to provide you with the School Tuition Organization (STO) Private School Tax Credit information for tax year 2024.  Verde Valley School is a founding member of a new STO based here in the Verde Valley.  Verde Valley School Tuition Organization (VVSTO) earned its recognition by the State of Arizona and is certified to fully operate as an approved STO.  You will find it listed as such by visiting AZDOR.gov and clicking on Tax Credits.  The process for you as the taxpayer is exactly the same.  Simply make your check payable to VVSTO or make your donation online at vvsaz.org/vvsto. Note that Verde Valley School is no longer a member school of Financial Assistance for Independent Schools (FAIS) 

1.  “ORIGINAL” Tuition Tax Credit Program (ARS 43-1089):

 The 2024 contribution credit limits:

 $1,459 if you file married/jointly

 $    731 if you file individually

File with Arizona Form 323

2.  “PLUS” (Private Learning Uplifting Students) Tuition Tax Credit Program (ARS 43-1089.03):

You may give to the PLUS Credit Program only after you have met the maximum donation amount for the Original Credit Program.

The 2024 contribution credit limits:

 $1,451 if you file married/jointly

 $  728 if you file individually

File with Arizona Form 348

Direct your tax credit to VVSTO Today!

Determine how much you will give according to your liability and the 2024 Maximum Allowed Credits.

Online form coming by Oct. 31, 2024  or send a check payable to VVSTO to Verde Valley School, 3511 Verde Valley School Road, Sedona, Arizona 86351. Giving deadline for 2024 tax year is April 15, 2025.

Receive a receipt for your contribution, save this for your filing records.

Record your contribution on your state income taxes using form 323/348.  As a bonus, also list your donation as a charitable contribution on your federal tax forms.

Receive a credit on your state income tax return, as well as any allowable deduction on your federal tax return.

The STO cannot award, restrict, or reserve scholarships solely on the basis of a donor's recommendation.  A taxpayer may not claim a tax credit if the taxpayer agrees to swap donations with another taxpayer to benefit either taxpayer's own dependent.