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Arizona tax credits: Here s what you need to know to file your 2020 Arizona tax return

As an Arizona taxpayer, you have a unique opportunity to direct your tax money to schools and charities you support and believe in. You have to make a donation upfront, but — provided you stay within prescribed limits — you get every dollar back in the form of a tax credit. If you make every possible donation, married couples filing jointly can give $4,965, and all other taxpayers can give $2,483 — and get it all back. You can’t claim more than you owe in state taxes, but — with the exception of the Military Family Relief Fund Credit — unused credits can be carried forward for five years until used. Receipts should be retained and provided to your tax preparer.

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