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Arizona's May 17 tax credit deadline leaves extra time to support Jewish community | Community


Tax day was pushed back again this year to May 17, 2021. Just like last year, the IRS extended the filing timeline to help taxpayers navigate the unusual circumstances related to the pandemic. But this year, there is a key difference: The deadline for supporting tax credit organizations in Arizona was also extended to May 17.
Taxpayers taking advantage of the May 17 extension to file taxes can also support a tax credit organization and receive a dollar-for-dollar Arizona tax credit against their state taxes up to this date.
Last year, the filing deadline was extended until July but the tax credit deadline remained April 15, which created confusion. People can’t claim more than they owe in state taxes, and last year donors held back on giving since they didn’t know how much they owed until the credit deadline had passed. ....

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