CATEGORY

Tax Credit

Arizona 2020 Tax Credits
Nonprofit Tax

It’s Not Too Late to Claim 2020 State Tax Credits

State charitable tax credits are a win for everyone; qualified charities receive the support they need at no extra expense to the taxpayer beyond what they would already owe to the state in taxes. Note that while credits are non-refundable (i.e. if you don’t end up owing enough in taxes to fully benefit from the credits, you will not get a refund from the state), unused credits can be carried forward for 5 years.

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