If you’ve accumulated too much debt in the past few years, you may need to seek Arizona tax relief. This state has a wide variety of tax relief options for residents, including tax relief for personal income taxes, property taxes, sales tax, and personal injury taxes. There’s even tax relief for resident aliens, provided you can produce a copy of your green card or visa. However, before applying for tax relief, you should consider all your options and weigh your costs against your debt.
If you are struggling to meet these deadlines, you might be able to receive tax relief from Arizona. As of March 20, 2020, the IRS has extended the filing and payment deadlines for individuals and businesses, but the Arizona Department of Revenue has not yet made corresponding changes to its state tax relief program. You may still qualify for relief if you’ve owed money on your tax return for more than one year, and the IRS has even extended the deadline for S corporation and partnership returns.
Donating your tax money is one way to get tax credits, but you must know that there are limitations. You can’t claim more tax credits than the state requires. An exception to this policy is the Military Family Relief Fund Credit. But if you’ve donated more than you can claim, you can carry over your unused Arizona tax credits for five years. This is a great way to get relief and reduce your tax bill.