Charitable Tax Credit
On October 22, Meals of Joy received the official approval as a Qualifying Charitable Organization (QCO).
By giving up to $800 (married couples filing jointly) or $400 (Individuals) to Meals of Joy, you may be eligible to claim the Arizona Charitable Tax Credit on your state taxes. Beginning with the 2016 tax year, credit eligible contributions made to a Qualifying Charitable Organization that are made on or before April 15th (or tax day, allowing for weekends or holidays) may be applied to either the current or the preceding taxable year and is considered to have been made on the last day of that taxable year. This means that you have until April 15th, 2021 to make a donation that can be considered a credit for the 2020 tax year! No itemizing is necessary to take advantage of this tax credit. This means you can reduce the amount you owe for state taxes or increase your refund by the amount you give.
Please note that donations will be listed as SCOSIC (QCO code 22002), the Meals of Joy registered business name. But, all you need to do is visit our donation page and reap the benefits this tax year!
Please check with your account or personal financial advisor for questions ad specific details about this tax credit. Please note that MOJ is not a tax advisor.