It is time, and we want to remind you that the McKenna Youth Foundation is a (OCO) 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. The McKenna Youth
Foundation is an OCO, and the maximum allowable contributions have changed, you
may contribute up to $495.00 for a single filer and $987.00 for joint filing.
If you contribute more than your total state tax amount, the credits can be
carried forward for five years. You must make your tax credit donations by
April 15, 2026, for them to apply for the year 2025. You can find additional
information on the Arizona Dept of Revenue state tax credit page.
Inflation
has made it another difficult year 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 and it will not cost you a dollar!
The McKenna Youth Foundation has been able to provide food, clothing, books, toys, household items, and bicycles to more than 3800 families and over 12,200 children. In addition to the annual holiday party, the McKenna Youth Foundation has assisted numerous children by providing food and housing scholarships, providing summer essentials and 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
