COVID-19 has caused a massive shift in seemingly impenetrable institutions, one being taxes. In March, the Treasury Department and Internal Revenue Service announced that the federal income tax filing due date has automatically extended from April 15 to July 15.
Regardless of this extension, however, state taxpayers wanting to claim tax credits on their 2019 income taxes for donations to Qualifying Charitable Organizations (QCO) have until April 15 to make these donations. Despite also being negatively affected by the pandemic, Valley nonprofits are continuing to aid the less fortunate and donating to the QCO tax credit is just one of the many ways the community can help them do so.
By donating to the tax credit, you are either decreasing your liability or increasing your return in 2020. For example, if you owe $1,000 in state income tax and you donate $800, you may subtract the $800 from your tax bill and pay the state only $200. You can even use your $400 donation as a federal income tax deduction.
Please see below for a list participating organizations and information about the communities they help.
Arizona’s Children Association
For more than 100 years, Arizona’s Children Association (AzCA) has stayed true to “Protecting Children, Empowering Youth, Strengthening Families,” serving more than 40,000 children, individuals and families in all 15 counties each year. It is one of the oldest and largest statewide child welfare and behavioral health nonprofit agencies in Arizona. Learn more at www.ArizonasChildren.org.
Arizona Helping Hands
Arizona Helping Hands, founded in 1998, is the largest provider of basic needs to the 14,000 children in the state’s foster care system. The essential needs include beds, cribs, clothing, diapers, toiletries and more. The organization helps foster parents, both licensed and kinship, to create a safe place for children who’ve been abused and neglected with their programs promoting safety, permanency and health. Donations can be made online, at azhelpinghands.org/give, or through AmazonSmile, which donates .5% of the purchase at no extra cost. For more information, visit AZHelpingHands.org.
The Chandler Compadres are a 501(c)(3) non-profit charitable organization. For more than 30 years, members of the Chandler Compadres have donated their time, resources, talents and money to help kids and families in need who live in Chandler and the East Valley. The group has donated more than $10.3 million to Valley charities, particularly those benefiting youth academic and development programs. The funds go to local beneficiaries including Boys & Girls Clubs of the East Valley, ICAN Positive Programs for Youth, AzCend, FANS Across America , Arizona Brainfood, Chandler CARE Center and The Clothes Cabin. For more information, please visit ChandlerCompadres.org/taxcredit.
Hunkapi, based in Scottsdale, brings to the Valley a variety of horse powered activities for children and adults including: therapeutic riding lessons, equine assisted psychotherapy and garden therapy. Most of the lessons come from the horses, who gently guide clients toward greater mindfulness of self and others. The name is taken from a Native American word that means “I am related to everyone” and expresses the deep sense of connection between horse and human. For more information on the program, please visit the website at Hunkapi.org. You can also reach the farm at (480) 393-0870 or email@example.com.
New Life Center
New Life Center, one of the largest domestic violence shelters in the country, serves more than 1,000 children and adults annually through an emergency and outreach support program, where more than 70 percent of the population is children. In 2017, New Life Center served more children and provided more bed nights than any other single facility providing emergency shelter to domestic violence survivors in Arizona. To learn more, visit NewLifeCtr.org.
Phoenix Children’s Hospital Foundation
Phoenix Children’s Hospital is Arizona’s only children’s hospital recognized by U.S. News & World Report’s Best Children’s Hospitals. Phoenix Children’s provides world-class inpatient, outpatient, trauma, emergency and urgent care to children and families in Arizona and throughout the Southwest. As one of the largest children’s hospitals in the country, Phoenix Children’s provides care across more than 75 pediatric specialties. The Hospital is poised for continued growth in quality patient care, research and medical education. Donations benefit research, critical care and programs that support patients and families. For more information, visit PhoenixChildrensFoundation.org/charitable-tax-credit.
The Singletons is a community dedicated to providing hope and support for single-parent families affected by cancer. The organization provides services to a growing population of single parents who are battling cancer or have children battling cancer. Parents must keep living and fighting despite the fears that cancer has created for them and their children. They are the inspiration that The Singletons are dedicated to providing hope for tomorrow. For more information, please visit TheSingeltonsAZ.org.