Tax Relief in Arizona – How Hurricane Sandy Affected Tax Relief

If you owe taxes to the IRS, you may be eligible for some tax relief. This is a specialized program designed to reduce the amount of taxes you have to pay. It is available for businesses as well as individuals. In Arizona, you can apply for tax relief if you have been affected by Hurricane Sandy.Tucson tax relief firm

Many tax relief options in Arizona will help you reduce your tax liability. For example, if you give $400 to a nonprofit in Arizona, your state income tax liability will be reduced by $500. Alternatively, you can make a charitable donation that will reduce your state income tax liability to $1,000 or $1,500.

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Another option for Arizona tax relief is the Job Creation Tax Credit. This is worth up to $3,000 for each qualifying employment position. You can use this credit for up to five taxable years and carry over any unused credit. To apply, you need to create a new business in the state with a minimum capital investment and a net number of qualifying jobs. There are different qualifications for urban and rural areas, and you can claim the credit only once per year.

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The Charitable Tax Credit is an easy way to get tax relief in Arizona. It helps you reduce your state income tax liability and makes a difference in your local community. You can use this credit to help seniors, children, and families in need. In addition, you do not need to itemize your state taxes to benefit from this Arizona tax relief.

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