Help At-Risk Children and Reduce Your State Income Tax
Take advantage of the Foster Care Tax Credit and receive a dollar-for-dollar tax credit when you donate to Hope & A Future.
If you are a resident of Arizona, one of the easiest ways to make a difference in the lives of children is through the Arizona Foster Care Tax Credit. This is not a tax deduction, but an actual credit. Currently, married couples can reduce what they owe in state taxes by $1,051, while single filers are eligible for a $526 credit.
What is Hope & A Future’s QFCO Code?
Our QFCO Code is 10021. This code is necessary when claiming the tax credit on your Arizona tax return.
Is this the “Working Poor Tax Credit?”
No. The Arizona Department of Revenue no longer uses the phrase “Working Poor Tax Credit.” However, The Foster Care Tax credit falls under ARS §43-1088, which was formerly called the “Working Poor Credit.” When ARS §43-1088 was recently revised the formal name of the credit became “The Credit for Donations made to Qualifying Charitable Organizations.”
To summarize, the Foster Care Tax Credit is authorized today by ARS §43-1088 under the name “The Credit for Donations made to Qualifying Charitable Organizations.”
Is Hope & A Future a Qualifying Charitable Organization?
Yes. Hope & A Future is a Qualifying Charitable Organization under ARS §43-1088.
Specifically, Hope & A Future is certified by the Department of Revenue as a Qualifying Foster Care Charitable Organization.
What are the limits for the Arizona Foster Care Tax Credit under ARS §43-1088?
Because Hope & A Future is a Qualifying Foster Care Charitable Organization, married taxpayers can donate up to $1,051 and single taxpayers up to $526 to Hope & A Future. These are new limits established in 2023.
Can a taxpayer donate to more than one qualifying charity?
Yes. A taxpayer may give to non-foster care qualifying charitable organizations too. For 2023, married taxpayers may also donate up to $841 and single taxpayers up to $421 to non-foster care charitable organizations and receive a tax credit. Donations to non-foster care organizations are an entirely separate credit and don’t count against what taxpayers can give to foster care organizations.
Where do I claim the credit?
To claim the credit, taxpayers must complete Arizona Form 352. Click here for Form 352 and instructions.
Can I also take advantage of other State tax credits?
Yes. Donating to Hope & A Future does not limit your ability to give under other Arizona tax credits, such as the private and public school tax credits or to other non-foster care charities. You can give and benefit under all Arizona tax credits! Check with your tax professional.