General Instructions
Note: Beginning 2014, you must also complete Arizona Form 301, Non refundable Individual Tax Credits and Recapture, and include Forms 301 and 323 with your tax return to claim this credit.
Arizona law provides a credit for contributions made to a private school tuition organization that provides scholarships or grants to qualified schools
The credit is equal to the amount contributed. For 2014, the credit cannot exceed $528 for single taxpayers or heads of household. For married taxpayers that file a joint return, the credit cannot exceed $1,056. In most cases, for married taxpayers who file separate returns, each spouse may claim only one-half (1/2) of the credit that would have been allowed on a joint return.
The credit eligible contributions made to a school tuition organization from January 1, 2015, to April 15, 2015, may be used as a tax credit on either your 2014 or 2015 Arizona income tax return
If the allowable tax credit is more than your tax or if you have no tax, you may carry the unused credit forward for up to the next 5 consecutive taxable years’ income tax liability
AZ Form 323