Here's what you need to know about claiming a tax credit for a donation to public or charter schools:
- The maximum amount for tax year 2014 is $200 for an individual and $400 for a married couple filing jointly.
- Funds spent on your child’s participation in an extracurricular or character education program at a public school qualify for this credit. Examples include field trips, sporting activities and fine arts. Fees can also be paid to a central fund at the school to fund extracurricular activities for all students. Fees must be for the exact amount of the activity, and the activity must have a monetary charge in order to participate.
- Checks should be made out to the individual school and the school should provide a receipt.
- Use Form 322 to claim a tax credit for contributions to a public school, including charter schools, for support of extracurricular activities or character education programs.
Contact reporter Emily Bregel at ebregel@tucson.com or 807-7774. On Twitter: @EmilyBregel
Emily Bregel
Border reporter
