APPROACHING THE END OF THE YEAR

Here we are, already in November! Now is the time to start thinking about tax-saving strategies to help save you money before the end of the year.

For Arizona residents who itemize on their tax returns, a great way to save money is to donate to one of the several tax credits available to us! This gives you a dollar-for-dollar tax credit on your Arizona Return, along with a tax deduction on your Federal Return (Stay tuned for the differences between tax credit and tax deductions). If you are married and in the 25% tax bracket, every $100 will save you $25 in Federal Taxes and there are $2,906 in total available credits.

For more information and links to the credits, please see my tax resources tab.