SPOT 127 is a Qualifying Charitable Tax Organization, which means your contribution is eligible for a dollar-for-dollar credit on your Arizona taxes.
What is the Charitable Tax Credit?
The Arizona tax law allows each state taxpayer to donate up to $421 (individuals or married couples filing separately) or $841 (married couples, filing jointly) per year to qualifying charitable organizations and claim a dollar-for-dollar state tax credit.
There is no out-of-pocket cost to donate to SPOT 127 because you’re essentially redirecting your state tax liability to SPOT 127!
Example: If you donate $421 to SPOT 127, your state tax credit will be $421. When you file your taxes in the spring, your state tax bill will be $421 less, or if you are receiving a refund it will be $421 more. Either way, you are sending dollars directly to SPOT 127 instead of the Arizona Revenue Service!
There are five different qualified areas eligible for a tax credit, and SPOT 127 is a Qualified Charitable Organization and our QCO Code for Arizona Tax Form 321 is 20099.
Why should I donate to SPOT 127 LLC?
In addition to earning a valuable tax credit, your donation can help Arizona youth reach their greatest potential. Donations to SPOT 127 LLC will provide digital media instruction and job training to youth throughout the Valley.
SPOT 127, KJZZ’s youth media center, empowers high school students through training in multimedia production. Students develop state-of-the-art skills in digital media, audio production, video production, digital photography, social media and more. Our innovative afterschool and in-school programs foster job opportunities, internships and self-esteem in high school students around the Valley.
Do I need to itemize deductions to claim the credit?
No! Since the 2013 tax year, Arizona no longer requires taxpayers to itemize deductions to claim a credit for contributions to a qualifying charitable organization.
What do I need to file to claim the credit?
Fill out Arizona tax form 321 and include it with your tax return.
What documentation will I need?
SPOT 127 will send you a letter confirming your contribution. The letter documents your contribution, and is needed to support your tax credit.
When can I donate my tax credit to SPOT 127?
Arizona law allows Qualifying Charitable Organization (QCO) donations made during 2023 or donations made from January 1, 2024, through April 15, 2024, to be claimed on the 2023 Arizona income tax return. The maximum credit that can be claimed on the 2023 Arizona return for donations made to QCO's is $421 for single, married filing separate or head of household taxpayers, and $841 for married filing joint taxpayers.
If a taxpayer makes a QCO donation from January 1, 2024, through April 15, 2024, and wants to claim the higher 2024 maximum credit amount, which is $470 single, married filing separate or head of household; $938 married filing joint, the taxpayer will need to claim the credit on the 2024 Arizona return filed in 2025.