Year End 2012 – Newsletter
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Below are a few tax items that may be of interest to you…
State of Arizona Individual Charitable Contribution Credits – The state of Arizona offers a dollar for dollar reduction of your State Income tax with the following credits: Private School Tuition Organization (Maximum $1,006 Married Filing Joint (MFJ), $503 Single), Public School (Maximum $400 MFJ, $200 Single), Assistance to the Working Poor (Maximum $400 MFJ, $200 Single), and Arizona Military Family Relief Fund (Maximum $400 MFJ, $200 Single). NEW FOR 2012 is the Overflow/Plus Tax Credit. If you contribute the maximum for the Original Private School Tuition Credit, you are eligible for an additional $1,000 MFJ ($500 single) credit with the new Overflow/Plus Tax Credit.