526 Ir Form – Fill Out and Use This PDF

The IR526 form is a key document for individuals in New Zealand seeking to claim a tax credit for donations made to approved donee organizations within the specified tax year. This form facilitates the process for taxpayers to receive a credit for gifts of money to schools, kindergartens, religious, and other qualified groups, provided they meet the eligibility criteria and have valid receipts. For those looking to leverage their charitable donations for a tax advantage, understanding and accurately completing this form is crucial. To get started on claiming your tax credit for donations, click the button below.

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526 Ir Form PDF Details

In navigating the complexities of achieving tax efficiencies, individuals often seek ways to maximize their returns through available credits. The IR526 form for the tax year ending 31 March 2018 serves as a bridge for citizens to claim tax credits for donations made to approved donee organizations. It's tailored for individuals who have contributed financially to either schools, kindergartens, religious groups, or other recognized donee entities. Importantly, the form delineates who is eligible for such claims, emphasizing taxable income earners, and spells out the exclusions, notably childcare, housekeeper payments, and benefits directly linked to the donor or their family. Also, it outlines the procedure for correctly filing claims, including stipulations around sharing receipts with a spouse or partner and the specific requirements for submission, such as attaching valid donation receipts. Moreover, it touches on the necessity of providing accurate personal information to facilitate efficient processing and future communications. This form encapsulates a vital fiscal interaction between taxpayers and the state, aiming to encourage charitable contributions by offering a tangible financial return to donors, within the confines of set regulations and limitations.

Question	Answer
Form Name	526 Ir Form
Form Length	2 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	30 sec
Other names	ird tax credit claim form 2021, ir526 form 2021, ir526 form 2020, ir526 2021

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Tax credit claim form 2018

IR526 (18)

For donation claims only	March 2018
	March 2018
1 April 2017 - 31 March 2018

Your name
	IRD number	1



		(8 digit numbers start in the second box.							)
			YEAR ENDING
Your address			YEAR ENDING
Your address					2	0	1	8
	Tax year	2		31 March
	Tax year	2		31 March

Your daytime telephone

Are you eligible to make a claim?

You can claim a tax credit if, in the tax year you are claiming for:

•you received taxable income, eg, salary, wages, and

•you have valid receipts for donations made to approved donee organisations.

You can't claim a tax credit for:

•childcare and/or housekeeper payments from 1 April 2012

•tuition, exam, tertiary education, private school fees or extracurricular activities, eg, music lessons

•donations you've made through payroll giving at your workplace

•payments made where there is direct beneit to the donor or the donor's family.

For more information including "WHAT CAN I CLAIM?" and "HOW MUCH CAN I CLAIM?" see page 2.

Donation tax credits for the period 1 April 2017 to 31 March 2018.

For donations made for any other period please download the appropriate form from our website.

Receipt amount

Total donations made to school/kindergartens

Total donations made to donee religious organisations

Total remaining donations made to donee organisations

Total receipt amount

Add Boxes 3, 4 and 5 and enter the amount in Box 6.

Multiply the amount in Box 6 by 33.3333% and enter it in Box 7.

Print new total here

Print your spouse/partner's details if you are sharing any receipts

Name

IRD number

Bank account details

Account holder's name

If a bank account number isn't shown below or is incorrect, enter the bank

account number you would like your tax credit to go to in Box 9.

Bank

Branch

Account number

Suix

Do you want to transfer your tax credit?

Transfer to IRD number

If you want to transfer your tax credit to your, or someone else's income tax account, enter

the details here. Please do not transfer your tax credit to a donee organisation. If you wish to

Transfer to year ending

donate your tax credit, you will need to do this through the donee organisation directly.

31 March

Name of person receiving the tax credit

Amount to transfer

Please sign and date the declaration

I declare the information I have provided on this form is true and correct.

IMPORTANT

Signature

/ /

Date

We'll send you conﬁrmation of the amount of your tax credit within six weeks, unless we need to wait for your IR3 income tax return to be ﬁled.

Staple all donation receipts received between 1 April 2017 and 31 March 2018 here.

DONATION RECEIPTS

All receipts must show:

•your and/or your spouse/partner's name

•the amount and date of the donation

•a clear statement that it is a donation

•the signature of an authorised person

•an official stamp with the name of the donee organisation

•the word "copy" or "replacement" if it's a replacement receipt.

Send the claim form back to us. Remember to attach your receipts.

Inland Revenue

PO Box 39090

Wellington Mail Centre

Lower Hutt 5045

CAN I CLAIM A TAX CREDIT?

You can claim a tax credit if you're an individual (not a company, trust or partnership) and you:

•earned taxable income (eg, salary, wages, benefit, self-employed income, interest) in the income year you're claiming for, and

•were a New Zealand resident for tax purposes at any time during the tax year.

WHAT CAN I CLAIM?

Donations

A donation is a gift of money made voluntarily to a school/kindergarten or a donee organisation, where there is no identifiable direct benefit to the donor, or the donor's family.

To claim a tax credit, a receipt must have the word "donation" written on it.

If you have receipts, you can claim a tax credit for donations of $5 or more.

Go to www.ird.govt.nz (search keyword: donee) for a list of approved donee organisations.

School/kindergarten donations

You can claim a donation tax credit for school fees or to state-run kindergartens as long as they go to the general fund. Enter all donations made to school/kindergartens in Box 3.

Religious organisation donations

A religious organisation donation is an unconditional donation made to a donee religious organisation or group. Enter all donations made to donee religious organisations in Box 4.

Remaining donations

Enter all remaining donations in Box 5. If you made a donation through a religious organisation to an unrelated charitable organisation, enter this amount in Box 5.

CLAIMING DONATIONS

•The total donations you claim can't be more than your taxable income for the year.

•If you need to file an IR3 income tax return, we will need your return to check your taxable income before we can process your claim.

•If you have losses brought forward greater than your taxable income, you have no taxable income, so the credit cannot be claimed.

•To avoid delays file your claim at the same time as you file your IR3.

•We cannot process your claim before the end of the income year which it relates to. The exceptions are if you are completing the claim on behalf of a deceased person, or going overseas permanently or for a significant period of time.

HOW MUCH CAN I CLAIM?

You can claim the lesser of:

•33.3333% of the total donations you've made, or

•33.3333% of your taxable income.

Go to www.ird.govt.nz (search keywords: donation tax credit) for more information.

SHARING RECEIPTS WITH YOUR SPOUSE/PARTNER

If your spouse/partner has taxable income they may be eligible to claim the balance of your receipts.

Example

Your taxable income is $1,000, but you have receipts of $1,500. You're only eligible to claim $1,000. If your partner/spouse has income of $500 or more, then they can claim the other $500.

PRIVACY

Meeting your tax obligations means giving us accurate information so we can assess your liabilities or your entitlements under the Acts we administer.

For full details of our privacy policy go to www.ird.govt.nz (search keyword: privacy).

Important information

•Payments made from 1 April 2012 for childcare and/or housekeeper payments are not eligible for a tax credit.

•From 1 April 2014 you can only claim donation tax credits within a period of four years, following the year in which the gift was made. This means that donations made prior to 1 April 2014 can no longer be claimed.

•Rather than rounding all tax credit refund amounts to the nearest cent, Inland Revenue stops at two decimal places. This means that if you work out a tax credit of $99.9999, your refund will show as $99.99.

ARE YOUR PERSONAL DETAILS CORRECT?

We need your correct information so next year we can send you your tax credit claim form without delay. If any of your contact details shown on the front are missing or incorrect, please enter your correct details here:

DAYTIME TELEPHONE NUMBER

()

POSTAL ADDRESS

If your new address is a PO Box number, please show your box lobby if you have one. If you're unsure of your box lobby please contact New Zealand Post.

STREET ADDRESS

	OFFICE USE ONLY	OPERATOR
	OFFICE USE ONLY	CODE
		CODE

CORRESP. INDICATOR

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