Your ICAN Donation Could Qualify You For a Tax Break! Donations given to Arizona nonprofits, such as ICAN, by December 31, 2012 are eligible for a tax break under the Arizona Charitable Tax Credit, also known as the Working Poor Tax Credit. The tax credit reduces tax liability for couples up to $400, and individuals up to $200. The credit is only available to donations given to charitable organizations labeled as 501(c)(3) status with the IRS. East Valley nonprofit youth program, ICAN, is one of the qualifying nonprofits and greatly values the credit that brings in substantial financial support for their free youth programs. The Working Poor Tax Credit is important for nonprofits like ICAN, because the increase in donations helps support programs for the following year, while donors receive a tax break. To learn more about the Arizona Working Poor Tax Credit, visit http://www.azdor.gov/TaxCredits/WorkingPoorTaxCredit.aspx.
As we finish out 2011, many people look to give to nonprofits such as ICAN during the holidays and might not realize their gifts could be eligible for a dollar-for-dollar tax credit. ICAN’s free at-risk youth and family programs focus on a supportive family environment, youth academic success and life skills, and preventing youth substance abuse, gang activity, and juvenile delinquency. Your gift up to $400 as a couple or $200 as an individual to nonprofits who are classified as 501(c)(3) status could be eligible for the Arizona Charitable Tax Credit, or the Working Poor Tax Credit, to allow the opportunity to give back to the community and organizations making positive impacts and also receive a tax break! Your gift goes to these programs that have been shown to save the community $10 for every $1 invested through the prevention of future criminal justice and behavioral health service needs! Your gift must be made no later than December 31, 2011 to qualify and can be done in person or online by clicking on the Donate button below! We here at ICAN wish you happy holidays and a happy New Year and thank you for your support, no matter how big or small, it makes a difference in the lives of local youth!