Tax Tools

Have any questions ? Don’t hesitate to call! 928.774.8995


When do we need to come in for taxes?

The two biggest deadlines are April 15th (for individual taxes) and March 15th for corporate deadlines. But don’t worry! “Extension” is not a dirty word! (or at least…. we don’t think of it as one of our favorites!).¬† Contact us for any questions on filing extensions and tax deadlines.


Do you charge extra for tax planning?

We include tax planning prior to December 31st (anytime after is just not in time!!). Call for your appointment today!

 

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Support our Arizona Tax Credits!

Don’t Forget about the Arizona Tax Credits!
Public Schools
This credit is available for
cash, check or credit card payments made to both public and
charter schools. Even if you do not itemize deductions
on your tax return, you are eligible for this credit.
Fees paid to support extracurricular activities such as field
trips, sports and fine arts are qualified for the credit
calculation. Donations of goods are not recognized
for the tax credit, but will still be eligible for Schedule A
on Form 1040.
School districts have the ability to accept online contributions.

Beginning in 2017 amounts contributed for the credit between January 1, 2017 and April 15, 2017 may be applied on your 2016 Arizona tax return or your 2017 tax return. A receipt from the school is necessary in order to take the credit.

School Tuition Organizations

This credit is available for
cash, check or credit card payments made to private school
tuition organizations. Even if you do not itemize your
deductions on your tax return, you are eligible for the
credit. Unlike the public school contribution, you
cannot designate the funds for the benefit of anyone and
still be eligible for a federal deduction.
To visit the Arizona Department
of Revenue website click on the following link for further
information
As in the public school credit, contributions for the credit may be made between January 1, 2107 and April 15, 2018 and applied on your 2017 Arizona tax return or your 2017 tax return. A receipt from the school tuition organization is necessary in order to take the credit.

Qualifying Charitable Organizations (formerly known as Working Poor Credit)

The 2017 requirements for the
tax credit for Qualifying Charitable Organizations (formerly known as Working Poor Credit) are that you
contribute on or before December 31, 2017, to a charity on the Arizona Department of
Revenue’s list of charitable organizations shown on
their website or just click on the
following link

Foster Care Charitable Tax Credit

Credit is allowed for contributions made on or before December 31, 2017 to a qualified foster care charitable organization, For additional
information as well as a list of all qualifying organizations click on the following link

 

Military  Family Relief Fund

Available through 2018 is the
Arizona Military Family Relief Fund credit. This
credit, unlike the others, cannot carry forward and is
available only to taxpayers receiving a receipt letter from
JFRF. For more information and the donor form click on
the following link

Maximum
Credit

Unmarried

Married
Filing Joint

Public Schools
Credit

$200

$400

Private School Tuition
Credit

$1,067

$2,134

Credit for Qualifying Charitable Organizations

$400

$800

Credit for Foster
Care

$500

$1000

Military Family Relief
Fund

$200

$400

Total Possible
Credit

$2,167

$4,734

Beginning on January 1st 2017, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

  • 53.5 cents per mile for business miles driven, down from 54 cents for 2017
  • 17 cents per mile driven for medical or moving purposes, down from 19 cents for 2017
  • 14 cents per mile driven in service of charitable organizations

Please visit 2017 EITC Income Limits and Credits

https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/eitc-income-limits-maximum-credit-amounts-next-year