Once upon a time, you had to make your Arizona Charitable Tax Credit donation by Dec. 31 to take advantage of the tax credit for that year.
Because of a change in the law, donors now can make a donation through April 15* of the following year and count it when they file their Arizona State tax return.
For example, you could have made a donation to Bridging AZ on April 15, 2017, and taken that donation as a credit on your Arizona taxes for the 2016 tax year.
However, you can count your donation as a deduction on your federal taxes only in the year you made the donation. For example, you have to make the donation by Dec. 31, 2017, if you wish to deduct the donation from your 2017 federal taxes.
Check with your tax professional for additional guidance.
*April 15 is the normal deadline to file federal and state tax returns. The state tax credit date usually follows this deadline. It may be later in any given year, depending on federal holidays and other factors.