Posted by Randall A Reinwasser on Monday, December 27, 2010,
This is the easiest $100 you'll ever make and you'll feel good about it too! If you're an Arizona taxpayer, you can donate up to $400 ($200 for individuals) to any public school and you can take that donation as a tax credit against your Arizona state taxes. That means you if owe $1,000 in state taxes you can deduct $400 off your tab.
Even better, this donation is a deduction for federal tax purposes. So, if your federal tax rate is 30% you can deduct $120 ($400 X 30%) from your federal tax... Continue reading ...