If you live in Arizona and you owe a large amount of taxes, you may qualify for tax relief. The Arizona Department of Revenue offers a variety of programs to reduce the amount of tax owed. These programs are designed to help individuals and businesses alike. There is a high bar to qualify for tax relief, however.Tax Relief Assistance in Tucson
One of the most popular tax relief programs in Arizona is the charitable tax credit, which allows you to receive a tax credit for charitable contributions. This tax break is especially helpful to charities that help children and families. These tax credits can be carried over for five years. It’s important to check with your state tax office for details about how to maximize your tax breaks.
The EITC can lower your total tax burden by as much as 50%. This is especially helpful to families who are struggling to meet their daily expenses. Gas prices can easily exceed $5 per gallon, so this tax credit can be a lifesaver. If you live in Arizona and are in need of tax relief, this is a great way to start.
Fortunately, there’s still some time to take advantage of Arizona tax relief. The Department of Revenue is extending deadlines for some taxpayers who were affected by Hurricane Sandy. In addition to the extension, the state is suspending interest and penalties on payments due through October 31. Another option is to file an application for an extension that will let you pay until the end of the month.
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