Arizona taxpayers have a couple of options when it comes to filing their tax returns this year. First, they can apply for an extension of time to file their returns. In addition to extending their deadlines, the Arizona Department of Revenue will suspend interest and penalties on payments made during the extension period. The deadlines for filing tax returns in Arizona are October 26 through October 31, and November 15 through November 20. The extension is good for up to 60 days. If you file your return before the deadline, you will be eligible for an additional 30 days.Tax Assistance in Phoenix
Another option is to make a donation to a charitable organization. This will qualify you for a tax credit that can offset some of your state income tax. The dollar limit will depend on your marital status. Additionally, there are some limits on the total amount of tax credit you can claim. For example, if you make a donation of $10 or more to a charity, you can get 100% of that back in tax credits. However, you cannot claim more than the total amount of state taxes you owe.
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Another Arizona tax-relief option is the Quality Jobs tax credit. This tax credit encourages companies to invest in Arizona and create high-quality jobs. Qualifying companies can claim up to $3,000 per net new job in a 12-month period. However, the program has a cap of 10,000 jobs each year.