Jan 15, 2015 | Arizona Individual Tax Credits, Business Taxes, Filing Taxes, Tax Reporting
Retailers in the state of Arizona have to collect a sales tax of 5.6 percent on all goods and services sold. However, this is only the beginning, as the issue of sales tax is notoriously complex and can create headaches for even the most conscientious business owners....
Nov 14, 2014 | Arizona Individual Tax Credits, Individual Income Tax Returns, Tax Credits
These include the American Opportunity Credit and Lifetime Learning Credit. The full value of education credits is available to single taxpayers with a modified AGI of $63,000 a year or less and to married couples filing jointly with an income of $127,000 a year or...
Nov 14, 2014 | Arizona Individual Tax Credits, Individual Income Tax Returns, Tax Credits
This tax credit is figured out on Schedule R (Form 1040 or 1040A). To qualify, you must be 65 years of age or older, be retired on permanent or total disability, and have taxable disability income. Your AGI must be less than $17,500 if you are filing as a single...
Nov 14, 2014 | Arizona Individual Tax Credits, Individual Income Tax Returns, Tax Credits
Most eligible taxpayers meet the Making Work Pay credit of $800 for married couples filing a joint return and $400 for everyone else. The credit is 6.2 percent of earned income up to $190,000 per annum AGI for joint filers and $95,000 for everyone else. The Government...
Nov 14, 2014 | Arizona Individual Tax Credits, Individual Income Tax Returns, Tax Credits
Depending on your income, the child tax credit can be worth up to $1,000 per qualifying child under the age of 17. There are various criteria you need to meet: The child has to be claimed as a dependent on your tax return.The child must be a U.S. citizen.The child...
