It is tax time and we
want to remind you that the McKenna Youth Foundation is a 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:
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.
Donating to the McKenna Youth Foundation will most likely leave you in a tax
neutral situation, meaning you’ll pay about the same total amount whether you
use the tax credits or just pay the tax; but, by donating you get a say in how
the money is spent. 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, 2021, for them to apply to the 2020 year. You can find
additional information on the Arizona Dept of Revenue state tax credit page.
This year has been exceedingly difficult for everyone; but especially charities and the people they assist! By choosing to help our cause you will Make a Difference in a Child’s Life!
The McKenna Youth Foundation has been able to provide food, clothing, books, toys, household items, and bicycles to more than 3300 families and over 10,850 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.
