It is tax time, and we want to remind you that the McKenna Youth Foundation is an Other Qualifying Charity for Arizona Tax Credits. Contribute to the McKenna Youth Foundation and receive a dollar-for-dollar tax credit. Here is how it works:
If at tax time you owe the State of Arizona Money, you can choose where your money goes. The Arizona State Tax Credit program allows you to make a donation to the McKenna Youth Foundation (Qualifying Charity Organization) as well as other categories of Arizona tax credits (Military, Foster, Public and Private Schools) and receive a dollar-for-dollar credit against Arizona state taxes owed.
You may contribute up to the amount of your expected Arizona tax liability to each tax credit category, for the McKenna Youth Foundation, you may contribute up to $400.00 for a single filer and $800.00 for a joint filing. If you contribute more than your total state tax amount, the credits can be carried forward five years. You must make your tax credit donations by April 15, 2023, for them to apply to the 2022 year. You can find additional information on the Arizona Dept of Revenue state tax credit page.
The McKenna Youth Foundation has been able to provide food, clothing, books, toys, household items, and bicycles to more than 3500 families and over 11,300 children. In addition to the annual holiday party, the McKenna Youth Foundation has assisted numerous children by providing food and housing scholarships, sending kids to summer programs and providing back to school clothing. We would not be able to assist these valley families in need without the support of generous donors and we would be so grateful for your assistance! We hope you will choose to contribute to our very worthy cause!