Program Overview

Incorporated in 1999, School Tuition Association of Yuma, Inc. (STAY) is an AZDOR certified Corporate STO (School Tuition Organization) and is a tax-exempt charitable organization pursuant to section 501(c)(3) of the Internal Revenue Code. (EIN #86-0947351)

Mission Statement

The objective of STAY is to give the opportunity to attend a private school to more children by effectively implementing the provisions of the Arizona Private School Tuition Tax Credit.

Tax Credit Limits

1. Corporate Limits

The corporate tax credit donation limitation for fiscal year 2013/2014, (July 1, 2013 - June 30, 2014) is $35.831 million.

2. Individual Limits

Collectively, the limit for individuals for tax year 2013 is $2,062 (married filing jointly) or $1,031 (filing single or seperately).

The way it works for tax purposes is as follows. Individual donations are applied to the "Original Individual Tax Credit" until the donor reaches their "tax credit limit" for the tax year. At that time, the excess dollars are applied to the new "Switcher Individual Tax Credit" until that credit is also maxed for the tax year. Any donations in excess of the total limit, $2,062 (married filing jointly) or $1,031 (filing single or seperately), are treated as donations which can be taken as itemized deductions on both your federal and state income tax returns.

1. Original Individual Tax Credit (Claimed on Arizona Form 323)

  • Donors that file married filing jointly, for income tax purposes, can take a tax credit up to $1,034.
  • Donors that that do not file married filing jointly, for income tax purposes, can take a tax credit up to $517.

2. Switcher Individual Tax Credit (Claimed on Arizona Form 348)

  • Donors that file married filing jointly, for income tax purposes, can take a tax credit up to $1,028.
  • Donors that that do not file married filing jointly, for income tax purposes, can take a tax credit up to $514.
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