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A tax credit is a direct, dollar for dollar reduction from your yearly state tax. The State of Arizona is allowing taxpayers to donate to schools and deduct this amount from their state taxes. The amount Arizona taxpayers can donate is as follows:
- Single or Head of Household: $200.00
- Married Filing Jointly: $400.00
To learn more about how the Arizona state tax credit effects your federal taxes visit https://www.irs.gov.
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The minimum amount is $1.00.