July 1 is the start of the Arizona State fiscal year which is why several changes are going into effect on that date. AZ Withholding Tax Change: On July 1, 2010 an employer must withhold Arizona state income tax according to the new A4s, which they should have obtained from all [...] Read more »
Another Change Coming to Arizona’s State Withholding Form A4
Last year the federal government decided to give a tax break to workers in the middle of the year by reducing the amount of tax withheld from each paycheck. Unfortunately, this meant the Arizona state income tax withheld went down, as AZ withholding is based on a percentage of the [...] Read more »
Changes to Arizona’s Tax Credit For The Working Poor in 2010
Last year the AZ Tax Credit For The Working Poor got better as the so called base period restriction was removed. This year, the Arizona Department of Revenue (AZ DOR) is tasked with making sure all the charities on the list for this credit meet the condition that 50% or [...] Read more »
Change To Arizona Charitable Tax Credit For 2009
On 7/10/09 Governor Brewer signed HB 2286 which amends ARS 43–1088 regarding tax credits for contributions to qualifying charities. The law went into effect 9/30/09. The potential individual income tax credit for voluntary cash contributions made by the taxpayer during the taxable year to a qualifying charitable organization is up [...] Read more »