Tempe Chamber Of Commerce

Your Success Is Our Business

School Tax Credit Benefits Education

Posted on | December 8, 2009 | No Comments

Harvey Gibson, TSCU
Harvey Gibson, TSCU

In challenging economic times, what could be better than helping yourself and our local schools at the same time?

You can; and best of all: it’s simple!

Taxpayers can donate to the public or private school of their choice and receive a dollar for dollar credit on your State of Arizona income taxes.  Public school donation amounts are $200 for single filers, $400 if you are married, filing jointly. Private school amounts are $500/$1,000 respectfully.  Don’t wait; you must make the donation before the end of the year.

Are you ready for the best part?  If like so many of us, you are a little strapped financially around the holidays, for the 11th straight year, Tempe Schools Credit Union (TSCU) is offering our 0% interest tax credit loan program.  TSCU will loan you the money you need to make a donation to the school of your choice at 0% interest!  Borrow $400 for instance; pay it back by May 31st, 2010 with no interest!

It’s really that simple.  And you are doing your community a huge favor.

Ok, anytime you talk about borrowing money, even if it’s with no interest, the government makes us say: Qualification and restrictions apply. Please call TSCU at 480.967-9475 or go online at www.tscu.org for more information on this program.

Harvey Gibson is an employee of Tempe Schools Credit Union, a Tempe Chamber of Commerce member since 1987

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