Different Types Of Arizona Tax Relief
On May 2, 2022 by adminIf you owe too much money to the government and you are struggling to make payments,Arizona tax relief can help. Tax lawyers can negotiate with the government to reduce your debt and set up an installment plan. Late payments will accumulate interest and penalties. An attorney can help you find the best way to pay your back taxes and avoid penalties and interest. In addition to helping you get the money you owe,a tax relief attorney can help you reduce your tax debt by negotiating a settlement with the government.
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There are two types of Arizona tax relief. One is property tax relief. If your total annual income falls under a certain threshold,you can request a property valuation freeze. This will limit the annual increase in property taxes. To qualify,an individual must earn at least $40,368 for 2022. Jointly owned properties must earn a total of $50,460 per year. And the property must be the owner’s primary residence.
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Another type of Arizona tax relief is available for people who have been affected by Hurricane Sandy. For those affected by the hurricane,the Arizona Department of Revenue has extended deadlines for filing tax returns. If you missed the deadline,the Department of Revenue will waive penalties and interest if you qualify for one of the relief programs. A tax professional can help you file for these programs and provide the proper legal guidance needed to apply for them. The deadline for filing varies depending on the type of tax relief you qualify for.
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