Arizona Military Family Relief Fund Tax Credit

Military Family Relief Fund 2017 Tax Credit

In the continuing explanations of Arizona tax credits leads us to the Military Family Relief Fund Tax Credit.  This credit is administered through the Arizona Department of Veterans' Services and the fund was established to provide financial assistance to families of currently deployed Service Members and post-9/11 Military and Veteran Families.  This fund is authorized to accept $1,000,000 in donations and up to that amount qualify for the credit.  This limit means that unlike the other common AZ credits that allow for donations to be made any time during the year or even up to April 15th, once the DVS receives donations totaling $1,000,000 all excess funds are returned and no credit is available.  Donations are determined on a first come, first served basis.

The credit amount is up to $200 for single taxpayers and $400 for married taxpayers. This donation has to be made via check and the DVS provides a form that contains the required information and can be used when submitting the donation.  The required information is full name, address, and last 4 digits of Social Security Number.  To claim this credit, you must have received a receipt from DVS that shows this information plus the amount donated and confirm that the donation qualifies for the credit.

Here is a copy of a recent receipt:


As of this writing, the donations to the fund were $904,586 which leaves $95K additional donations available to be received.  If you want to donate, please visit the Relief Fund page at the AZ DVS here: MFRF.  You can also find the donation form, available in PDF format there.


This credit is set to expire after the 2018 tax year, unless the AZ legislature extends or renews this program.  So be sure to start planning accordingly and maybe speak with your representative about extending this program/credit.

Comments

  1. This credit reached the cap at the end of October 2017, so there are no further credits available for the Military Family Relief Fund. The other credits (charitable, foster care and school credits) are still available.

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