Arizona State Tax Credits

Individual Tax Credit (ITC)
Corporate Tax Credit (CTC)

Individual Tax Credit (ITC)

The individual tax credit is a dollar for dollar match of your tax liability (amount restrictions apply).

Simply go to the Catholic Education Arizona website and fill out the forms and a portion of your tax dollars will be directed to CEA. Remember to designate Notre Dame Prep as the school to which you want your tax dollars directed. The deadline to file is April 15. Simply click here to file.

Corporate Tax Credit (CTC)

For our families who run their own businesses, there is a corporate tax credit. If you're unclear how it all works, watch this video or contact Heather Weurding in the NDP advancement office.

Corporations can direct 100% of their company's tax liability to Notre Dame Prep, provided the company files an AZ 120, 120A or 120S form. We hope you will choose CEA and designate Notre Dame Prep. In turn, CEA will use the tax dollars to distribute scholarships to our students with a demonstrated need.

There is still time to participate in 2023-24, so please consider contributing to NDP through CEA. We appreciate the companies who have graciously contributed in 2023-24 so far.

CTC Form

Click on the document to read the entire text.

First page of the PDF file: FY21CorporateCommitmentForm

Did you know that you can donate to Notre Dame Preparatory at NO cost to you through the Arizona Tax Credit?

Arizona law (ARS 43-1089) allows you, as a tax payer, to direct your Arizona state tax liability to School Tuition Organizations (STOs) such as Catholic Education Arizona, Arizona Tuition Connection and the Institute for Better Education. This is a dollar for dollar tax credit against what you owe the state of Arizona. The funds are used exclusively for the cost of tuition at private schools which includes Notre Dame Prep. Many of our students benefit from scholarships provided by STOs.

You can redirect any portion of your state tax liability (the amount that the state collects from you also referred to as income taxes) up to these maximum amounts:

For 2023 (1/1/23 through 4/15/24)

$1,307 for single filers
$2609 for married filers

FAQS:

What is the deadline to contribute to the tuition tax credit?

Can I split my tax credit dollars between two schools?

Who is eligible to take the tax credit?

How can my student(s) apply for financial assistance from Catholic Education Arizona?

Parents must complete an online application through FAIR (Financial Aid Independent Review), a third-party company who evaluates the needs of each family based on the family's income and assets. Please click here to complete the online application. Round one applications open on February 1^st are due by April 15th each year. Round two applications are due by August 15th of each year. www.fairapp.com

How do I determine what my tax liability is?

Where do I get the tax forms needed to claim the credit?

Can I take advantage of both the public and private school tax credits?

Yes. A married couple filing joint can donate a maximum of $2,134 to a private school, and a maximum of $400 to a public school per year. Single and head of household taxpayers can donate a maximum of $1,067 to a private school and a maximum of $200 to a public school. And, in fact, there are many other tax credits you can take advantage of such as the charitable tax credit, foster care tax credit and others. You can stack multiple credits together to equal your total tax liability.

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