Verde Valley School Tuition Organization

Take Control of Your Tax Dollars and Help Support Student Scholarships!

Your tax contribution provides tuition assistance for qualified students, offering them a specialized education to address their learning differences.

 

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What is the private school tax credit?

• A contribution to Verde Valley School Tuition Organization (VVSTO), entitles you to a dollar-for-dollar tax credit against your Arizona state income tax obligation.
• A tax credit is a dollar-for-dollar reduction in your Arizona state taxes.
• Your tax contribution will provide tuition assistance for qualified students.
• Donors can claim both the Private School Tax Credit and Public School Tax Credit in the same tax year.

How much can I give?

INDIVIDUAL

Tax Year 2024 Credit
• $731 single filers
• $1,459 married filing joint filers 

Tax Year 2025 Credit
• $769 single filers
• $1,535 married filing joint filers 

Taxpayers may donate through April 15th and count donations as a tax credit in the preceding tax year. 

SWITCHER 

Taxpayers MUST FIRST donate the maximum credit amount for the Original individual income tax credit before the Switcher credit can be claimed. 

Tax Year 2024 Credit
• $728 single filers
• $1,451 married filing joint filers 

Tax Year 2025 Credit
• $766 single filers
• $1,527 married filing joint filers 

Corporate Low-Income Tax Credit for Private Schools
You Win. So do students in need.
Your corporation can provide a brighter path for students in our state. Corporations with Arizona state income tax or insurance premium tax obligation can redirect their corporate tax dollars through the low-income corporate tax credit. The net cost is zero, since this enables eligible corporations to take a dollar-for-dollar credit for contributions made to the program. In turn, the funds provide need-based scholarships for low-income students. It’s a win-win for both parties.

C-Corporations
C-corporations may contribute the total of their annual state income tax or insurance premium tax liability as long as the low-income corporate tax credit cap has not been met. Credits may be carried forward for up to five (5) years if a corporation contributes more than their tax liability in the year they donate.

S-Corporations and LLCs  S-corporations and LLCs filing as S-corporations may contribute the total of their annual state income tax or insurance premium tax liability as long as the low-income corporate tax credit cap has not been met. There is a minimum contribution amount of $5,000. Credits are passed on to the shareholders proportionally. Credits may be carried forward for up to five (5) years if a corporation contributes more than their tax liability in the year they donate. 

Timing for Corporate Tax Credit Contributions  You may submit an application to make a corporate low-income tax credit contribution to the foundation at any time. Applications are submitted by VVSTO to The Arizona department of Revenue for approval beginning in July and continuing until eligible funds for the fiscal year have been claimed. The corporate low-income cap for fiscal year 2023-2024 is $158,476,605.  Contact VVSTO to find out how your corporation can partner with VVS to make the future brighter for low-income students at our member schools. 

Taxpayers may donate through April 15th and count donations as tax credits in the preceding tax year.  

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.
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