Advent Offering 2018

Arizona law provides several tax benefits for certain charitable contributions. Specifically, if you meet certain criteria (a primary one of which is whether you have any tax liability to Arizona), you can receive a tax credit for these charitable contributions. A tax credit is better than a tax deduction, as a tax credit is a dollar-for-dollar offset against your tax liability. Thus, the credit replaces the tax you owe. If, however, you have already withheld more than what you owed, the credit can result in an increase in your state tax refund. Furthermore, not only can you recoup the amount you contributed from your state tax return, it also allows you to report a charitable contribution on your federal tax return, which can also lower your federal taxes if you itemize. There are several types of contributions that receive this special treatment in Arizona, and many of these align with Redemption Tucson's outward focused ministries. For example:• Foster Care Charitable Tax Credit – Individual (up to $500), Joint ($1000)More information at https://www.azdor.gov/Portals/0/RefundCredits/CertifiedFosterCareCharities2017.pdf• Public School Extra-curricular Credit – Individual (up to $200), Joint (up to $400)More information at https://www.azdor.gov/TaxCredits/SchoolTaxCreditsforIndividuals.aspx• Arizona Qualifying Charitable Organizations – Individuals (up to $400), Joint (up to $800)More information at https://www.azdor.gov/Portals/0/RefundCredits/CertifiedCharities2017.pdfSpecifically, the foster care charitable tax credit assists foster care and adoption agencies in Arizona working to address our state's foster care crisis. The Public School Extra-curricular Credit can be directed to schools throughout the state to be used in their extra-curricular programs. Please consider whether some or all of your donation might be directed to Safford School. Finally, the Qualifying Charitable Organizations include our outward focused ministries of Hands of Hope Tucson (caring for women facing unplanned pregnancies) and Free Ever After (combatting sex trafficking). If you'd like additional helpful information about how these contributions work, there are several websites that provide guidance, such as this one: https://www.sensiblemoney.com/learn/arizona-tax-credits-2016/Many of these contributions must be made by December 31, 2018, to be claimed on your 2018 tax returns, so please consider what contributions you may be able to make before the year's end.2018 Arizona Tax Credit Limits and Links | Sensible MoneyFind everything you need on Arizona tax credits and additional information at the links below:http://azcredits.org/private-school-tax-credit/https://azdor.gov/news-events-notices/news/ador-announces-2018-credit-contributions-amounts

This December, Redemption Tucson continues its annual commitment to give above and beyond towards our Outward Focus Ministries. As in previous years, we ask that you consider giving generously to love and serve our neighbors: Close, Near, and Far. There are two ways you can donate:

(1) Give financially (check, cash, or online) by indicating “Advent” on your donation. These donations will be distributed among the following partner ministries:

CLOSE: Safford School

NEAR: Immigrant Hope & Foster Care and Adoption

FAR: Champions in Action (Guatemala)

(2) You can give physical donations on Sundays by placing them in the Advent donation box in the lobby. Please bring donations of interactive toys (board games, sports balls, building blocks, Legos), grocery store gift cards, or clothing (undergarments and warm clothes are especially needed). Lastly, please bring your gift unwrapped Sunday 12/16 and place it in the advent giving box.

Thank you for your generosity in this season!

Previous
Previous

Woven / Redemption Women's Ministry

Next
Next

All of Life Interview with Matt Tillman