News and Information



Arizona Tax Credits for 2018


There are a number of tax credits available in Arizona for the 2018 tax year. Please review with your CPA to make sure you are eligible.

The contribution limit for the Public School Credit in 2018 is $200 Single, Head of Household and Married Filing Separate filers, and $400 for Married Filing Joint filers.

There are two School Tuition Organization (STO) credits available. The original one, called the Credit for Contributions to Private School Tuition Organizations, has deductible contribution limits in 2018 of $555 for Single, Unmarried Head of Household and Married Filing Separate filers, and $1,110 for Married Filing Joint filers. The tax credit for contributions to private school tuition organizations is claimed by the individual taxpayer on Form 323.

The second one, called the Credit for Contributions to Certified School Tuition Organizations – Individual, is only available to individuals that first donated the maximum amount allowed ($555 Single / $1,110 MFJ) for a credit under the original income tax credit, with a maximum of $552 Single / $1,103 MFJ. The STO must be on the state certified list. The tax credit for contributions to certified school tuition organizations-individuals is claimed by the individual taxpayer on Form 348.

The Qualifying Charitable Organization credit is available for contributions to Qualifying Charitable Organizations that provide assistance to residents of Arizona who either receive Temporary Assistance of Needy Families (TANF) benefits, are low income residents of Arizona, or are chronically ill or physically disabled children.  In addition, you can also contribute to a Qualifying Foster Care Charitable Organization if it meets additional criteria in serving foster children (this is a separate tax credit). The deductible contribution limit for the Working Poor Tax Credit in 2018 is $400 for Single or Head of Household filers and $800 for Married Filing Joint filers. The deductible contribution limit to a qualified foster care charitable organization is $500 for Single and HOH filers and $1,000 for MFJ filers. If you contribute to both this would total $900 for Single and HOH and $1,800 MFJ. The tax credit for contributions to the Working Poor Tax Credit is claimed by the individual tax payer on Form 321.

The Arizona Military Family Relief Fund is no longer available in 2018 ($200 Single / $400 MFJ) (it caps at $1,000,000).

To summarize, for a Married Filing Joint return, the Public max is $400, the Private would be $2,213, the Qualifying Charitable Organization is $1,800, and the AZ Military Relief Fund is $400, for a total of $4,813 of available tax credits.

For a Single filer, the Public max is $200, the Private would be $1,107, the Qualifying Charitable Organization is $900, and the AZ Military Relief Fund is $200, for a total of $2,407 of available tax credits.

Links:


  IRS                                         

  Link to IRS information, news, and forms.                                

  Where's My Refund (Fed)    

  Link to IRS site to check on the status of your Federal Refund.

  AZ Where's My Refund

  Link to Arizona Department of Revenue site on the status of your Arizona refund.

  AZ Dept of Revenue

  Information for individuals and businesses.

  IRS Direct Pay

  Used to electronically make Federal Tax payments.

  AZ Corp Commission

  Resource for your Arizona corporation needs.

  AZ Society of CPA's

  State website for CPA's.

  Business Journal

  Local business publication.


Traditional IRAs and Roth IRAs:


  Year

  Contribution**                       

  50 or older catch-up                           

  2018         

   $5,500                     

  $1,000                             

  2017

   $5,500

  $1,000


*some restrictions may apply; be sure to check with your plan administrator

**be sure to consider your adjusted-gross income limitations to determine if you are eligible to make a contribution or if your contribution is tax deductible​


Mileage Rates
The standard mileage rate for use of a personal vehicle is:



  2017

  2018

  Business Use                                

  $0.535                        

  $0.545                             

  Moving

  $0.170

  $.0180

  Charitable

  $0.140

  $0.140

  Medical

  $0.170

  $0.180


IRS Direct Pay


IR-2014-67, May 22, 2014

Washington — The Internal Revenue Service announced the successful start of its new web-based system — IRS Direct Pay — on IRS.gov, which lets taxpayers pay their tax bills or make estimated tax payments directly from checking or savings accounts without any fees or pre-registration.

With IRS Direct Pay, taxpayers receive instant confirmation that the payment has been submitted, and the system is available 24 hours a day, 7 days a week. Bank account information is not retained in IRS systems after payments are made.

From the “Pay Your Tax Bill” icon at the top of the IRS home page, taxpayers can access IRS Direct Pay, which walks the taxpayer through five simple steps. The steps include providing your tax information, verifying your identity, entering your payment information, reviewing and electronically signing and recording your online confirmation.

IRS Direct Pay offers 30-day advance payment scheduling, payment rescheduling or cancellations, and a payment status search. Future plans include an option for e-mailed payment confirmation, a Spanish version and one-time registration with a login and password to allow quick access on return visits.

Contribution Limits to 401(k)s, Qualified Employer Plans & IRAs

401(k)s and other qualified employer plans:


  Year

  Contribution*                        

  50 or older catch-up                           

  2018         

   $18,500                     

  $6,000                             

  2017

   $18,000

  $6,000




Resources

18325 North Allied Way #125
Phoenix, Arizona 85054

Jennifer 480.905.0529
Todd 480.307.6007
Fax: 480.304.9327​

​info@jenniferjuhlcpa.com