Arizona Tax Credits
We would like to remind you of the tax credits available for charitable contributions to certain causes. Arizona tax credits are available to reduce your tax liability dollar-for-dollar, but are not refundable. Unused contribution credits roll forward to future years. A taxpayer who makes $1,800 of eligible contributions but has only a $400 liability will reduce their liability to $0 and have $1,200 available for future years. You will find your 2011 State of Arizona tax liability on Form 140 Line 24. If you have any questions, please contact our office. […]