Now easier to use than ever, the Arizona Working Poor tax credit was created to encourage donations to organizations like St. Mary’s Food Bank Alliance, which distributes enough food into the community to provide 300,000 meals every day throughout the state of Arizona. By making a donation to the Food Bank, taxpayers may qualify for a dollar-for-dollar tax credit (a reduction to their final tax bill, lowering the amount owed) of up to $200 for individuals or $400 for those married filing jointly. In addition to the state tax credit, donors may also be able to take a deduction for federal tax purposes.
St. Mary’s Food Bank, given a top four-star rating by Charity Navigator, spends 96% of its budget to help low-income Arizonans. During the last fiscal year, the Food Bank distributed 67.7 million pounds of food in 13 of the state’s 15 counties. With the economic downturn, the Food Bank has seen a steady 76% increase in demand for its services over last year.