Tax relief in Arizona is available to people who can’t afford to pay the full amount on their state returns. The state has several tax incentives available to individuals who donate. These incentives are provided by the Department of Revenue, and they are similar to those offered by the IRS. If you have a hardship and are unable to pay the full amount of your taxes, you can apply for a tax extension. The Arizona Department of Revenue also allows you to donate to charities or schools and get every dollar back as a tax credit. However, it is important to note that this credit can only be claimed once and can’t be carried forward.ArizonaTaxAttorneys.net
Tax relief in Arizona is especially beneficial for small businesses in Arizona. The government offers special tax relief programs for small businesses to help them with their tax obligations. If your business is registered with the state, you may be able to qualify for a tax settlement based on your size. You should contact a tax professional if you are eligible.
Learn More About Reducing Your Tax
Arizona also offers a tax credit for the creation of new jobs. The Quality Jobs tax credit, for example, gives taxpayers up to $3,000 per new job created. However, there is a cap on this credit – ten thousand jobs a year.