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izzysmom
Level 2

Charitable Donation tax credit

St. Mary's Food Bank in AZ is saying that if I donate $800 to them (they are a qualified Charity) that I will get all $800 back as a credit on my tax return.  Is this correct?  Where is it recorded on the tax return for 2020?

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Accepted Solutions
SteamTrain
Level 15

Charitable Donation tax credit

Yes, there is a tax credit available on the AZ tax returns for "cash" donations to certain charities  $800 is only for MFJ,  $400 for other filers....but I don't expect the AZ tax returns to be fully functional until sometime after the first week in January...so it may not be available now....and even that could change with all the fooling around going on with the stimulus.

 

...and I don't know if you enter in the Federal section and it transfers to the AZ section, or if you have to enter it separately in the AZ interview...but I suspect it is a separate Question in the AZ interview. ....check back in mid-late January:

 

Contributions to QCOs and QFCOs | Arizona Department of Revenue (azdor.gov)

 

QCOs (azdor.gov)

 

 

 

*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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7 Replies
DoninGA
Level 15

Charitable Donation tax credit

Sorry, no.  If you are not itemizing your deductions you can get a $300 Adjustment to Income on a federal tax return.  It is not a credit and it is only based on a cash donation to a Qualified Charitable Organization.

DoninGA
Level 15

Charitable Donation tax credit

Reported on Form 1040 Line 10b

VolvoGirl
Level 15

Charitable Donation tax credit

Or maybe it's a credit on the AZ state return?

izzysmom
Level 2

Charitable Donation tax credit

What about on the AZ tax return?

SteamTrain
Level 15

Charitable Donation tax credit

Yes, there is a tax credit available on the AZ tax returns for "cash" donations to certain charities  $800 is only for MFJ,  $400 for other filers....but I don't expect the AZ tax returns to be fully functional until sometime after the first week in January...so it may not be available now....and even that could change with all the fooling around going on with the stimulus.

 

...and I don't know if you enter in the Federal section and it transfers to the AZ section, or if you have to enter it separately in the AZ interview...but I suspect it is a separate Question in the AZ interview. ....check back in mid-late January:

 

Contributions to QCOs and QFCOs | Arizona Department of Revenue (azdor.gov)

 

QCOs (azdor.gov)

 

 

 

*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

View solution in original post

izzysmom
Level 2

Charitable Donation tax credit

  • By "Cash donation" does that mean by check or direct deposit?  Or can it be by credit card?  Thanks for your help.
SteamTrain
Level 15

Charitable Donation tax credit

Those are all considered cash, C.Card included.

 

.......what they don't allow to include are "items" that need a value assigned to them, like cars, clothes, land, stock, toys, appliances....etc.    Those item values tend to be fuzzy...cash is not fuzzy.

*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
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