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Tax Credit for ChessThe state of Arizona will allow you to deduct up to $400 ($200 for singles) directly off your tax liability if you donate to one of the Scholastic Chess Clubs. This is a tax Credit not just a deduction - money donated comes directly off your tax liability to the state. For example if you owed $400 to the state for the 2024 tax year but you made a $400 donation to one of the chess clubs, you would now owe $0 on your state taxes!! Plus you may also have a Federal tax benefit!! - ask your accountant. Arizona State Tax Credits for schools are up to $400 for married filing jointly and $200 for single. Note: this tax credit can be used IN ADDITION TO other qualifying tax credits including donations made to private schools. |
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