F.O.R. Maricopa food bank qualifies for the Arizona State Tax Credit. This program allows you to make a donation to an eligible organization and receive a dollar-for-dollar credit against the Arizona state taxes you owe. Think of these credits as receiving a voucher from the charity to offset 100% against your Arizona taxes. These donations also count as charitable contributions and may be deducted on your federal return if you itemize your deductions. For someone in the highest tax bracket, they would receive 140% “back” for every $100 contributed.
Contribution amounts eligible for credit are: $400 for single filers/$800 for joint. Click here for more information.