Important Tax Information

Is my donation Tax-Deductible?

YES!

The First Whistleblower has registered as a 501.C.3 charitable organization with the U.S. Internal Revenue Service. This makes your donation "tax-deductible".

Does my donation qualify as a "Tax-Credit" on my ARIZONA income tax return?

YES!

The First Whistleblower is registered with the Arizona Department of Revenue as a charitable organization as defined by A.R.S. 43-1088. In doing so, your donation qualifies as a "Tax-CREDIT" with the State of Arizona.

Under this law, you can recieve up to $200.00 in CREDIT on your Arizona Income Tax by making a donation to our organization.

What's the difference between a Tax-Deduction and a Tax-Credit?

A Tax "DEDUCTION" reduces your income tax by reducing the "adjusted gross income" that you pay taxes on.

At the end of the year, you total all of your income and then subtract your "deductions" from this amount. The result is called your "adjusted gross income" (or AGI). The amount of tax you pay is based on your adjusted gross income. The higher your AGI, the more taxes you pay. (Note: A general rule-of-thumb is that for every $3.00 in "deductions" you declare, you reduce your taxes by $1.00.)

A Tax "CREDIT" reduces the actual amount of taxes you pay on a Dollar-For-Dollar basis.

After calculating how much you owe in income tax, you subtract any "credits" from the amount of tax you owe. (For every $1.00 of tax-credits, you reduce your taxes by an equal amount.)

What does all this mean to me?

When you make a $25.00 donation to The First Whistleblower, you may reduce your Federal Income tax by $8.32, and, you could reduce your Arizona Income Tax by $25.00.

Adding it all up, $8.32 off your federal income tax plus $25.00 off your Arizona taxes, you get a total of $33.32 in savings by making a $25.00 donation to The First Whistleblower.

That's a PROFIT of $8.32 going into YOUR pocket!!!

How often do you get the chance to make a PROFIT when you make a donation to a charity?


Important: The above is provided as examples for informational purposes only and should not be considered legal advice. Please consult a qualified tax specialist on how declare charitable donations may apply to your particualar tax situation.