Arizona State income tax filers can reduce their Arizona State tax liability while supporting qualified charitable organizations. A state tax credit lowers your tax liability by the amount you donate (up to certain amounts). To claim the credit on a 2024 tax return, Arizona State taxpayers have until April 15, 2025 to make their donation. […]
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Arizona State Income Not Subject to Taxation
Arizona offers income tax filers several exclusions for income received that is not subject to state income tax. The following are a few of the exclusions: Exclusion of $2,500 per receiving taxpayer for U.S. Government, Arizona State or Local Government Pensions. Exclusion for active-duty military pay, pay received for active service as a reservist for […]
Premium Tax Credit (Health Insurance)
The Affordable Care Act (ACA) provides premium tax credits to help lower the cost of health insurance for eligible households. The premium tax credit – also known as PTC – is a refundable credit that helps eligible individuals and families cover the premiums for their health insurance purchased through the Health Insurance Marketplace. According to […]
End of Year Tax Planning Advice
It’s almost the end of the year and now is a good time to prepare for tax season in 2025. Easy Tax Service would like to remind you of important tax filing deadlines and documents needed to file your tax return: January 15, 2025 is the due date for the fourth quarter estimated tax payment. […]
Social Security Benefits May Be Taxable
We are nearing the end of 2024 and preparing for the 2025 tax season. The IRS reminds taxpayers that their Social Security benefits may be taxable. The IRS states that your social security benefits may be taxable if your combined income exceeds certain amounts. Furthermore, if you’re married and file a joint return, you and […]