The State of Arizona is encouraging families to save for post-high school education expenses with tax-deductible donations. Arizona taxpayers can deposit into AZ529 educational savings plans set up for their children, grandchildren or friends and receive tax deductions. “My passion has been to help families across the entire state in every zip code. This is a wonderful opportunity to start saving early. When the student is ready to go off after high school, there is money for education,” said … [Read more...] about Arizona Encouraging Families to Invest in Education with Tax Deductible Contributions
Tax
Village of Oak Creek Named Arizona’s Most Tax Friendly Place for Retirees
The sleepy Village of Oak Creek boasts one grocer, several restaurants and a small outlet mall. But recently, the hamlet on the southern outskirts of Sedona earned new bragging rights. The Village of Oak Creek was just named Arizona’s No. 1 on SmartAsset’s list of “Most Tax Friendly Places for Retirees.” Of the 10 Arizona communities designated as “tax friendly for retirees,” three other Northern Arizona communities make the list: Williamson (No. 2), Doney Park (No. 9) and New Kingman-Butler … [Read more...] about Village of Oak Creek Named Arizona’s Most Tax Friendly Place for Retirees
Keeping Deductions in Mind
The extension deadline will be here before you know it! As you are preparing your taxes, here are a few things that taxpayers tend to overlook: Medical Expenses I would say the biggest deduction not included is medical expenses. It is almost impossible to itemize medical expenses on the federal tax return because of the income limitation on the Schedule A. However, if a taxpayer can itemize, Arizona allows these expenses to be 100 percent deductible. Included in these medical expenses … [Read more...] about Keeping Deductions in Mind
Safeguarding Your Tax Records
We live in Northern Arizona where the threat of fire, flood, and other disasters is always present. As such, there is an increased need for having your tax records safeguarded. You always want to keep your tax returns in the state of Arizona for four years. The federal government can audit your tax returns for three years after they are submitted, and the state of Arizona has four years to audit your returns. Therefore, you always want to be sure you have four years of tax returns readily … [Read more...] about Safeguarding Your Tax Records
Avoiding Tax Scams
It seems like every time you open your email or get a phone call, there is someone trying to solicit you to do something. Some of those solicitations are legitimate, but a lot are not. If you respond to those requests you will probably end up in some sort of trouble. Some are easier to get out of than others. If you do get involved with or duped by one of these scams, you will still be subject to the consequences. That may mean paying back a sum of money, paying a penalty, or even jail time if … [Read more...] about Avoiding Tax Scams
Event Raising Money to Fight Homelessness
Flagstaff Shelter Services is hosting its annual fundraising Four Square Meals event February 4th. The dinner and live auction will be held at the Coconino Center for the Arts with the silent auction and cocktails beginning at 5:00 and dinner at 7:00. It will be an evening of fine food, beautiful artwork, great conversation, and beautiful music. The 4 course dinner will include creations by local Flagstaff chefs : Frank Branham from the Cottage Place Steve Scully of Karma Sushi Tony … [Read more...] about Event Raising Money to Fight Homelessness
Tax Increase Largely Offset by Valuations Drop
The Coconino County Board of Supervisors has been meeting with county departments and has a preliminary budget for the upcoming fiscal year. The supervisors are scheduled to preliminary adopt the budget on June 14, 2011, in a public meeting. Final adoption will occur on July 12, 2011, with the final tax rates set on August 9, 2011. Even with a proposed increase in the Flood Control District tax, Coconino County will remain in the lowest one third of counties statewide based on primary … [Read more...] about Tax Increase Largely Offset by Valuations Drop
City Proposing Property Tax Increases
In compliance with section 42-17107, Arizona Revised statutes, the City of Flagstaff is notifying its property taxpayers of City of Flagstaff’s intention to raise its primary property taxes over last year’s level. The City of Flagstaff is proposing an increase of $105,380 or 2.0%. The proposed tax increase will cause City of Flagstaff’s primary property taxes on an $100,000 home to increase from $67.81 (total taxes that would be owed without the proposed tax increase) to $69.17 (total … [Read more...] about City Proposing Property Tax Increases
Governor’s Flagstaff Speech
(Governor Jan Brewer's speech in Flagstaff today, addressing the Flagstaff Chamber of Commerce annual luncheon. These remarks were made at the High Country Conference Center at Northern Arizona University.) Good afternoon. Today I found out, I received a call on my cell phone from someone who said, 'Congratulations. You now have served two years as the governor of Arizona.' So I have an anniversary today. Anyway, I want to share with you today, some other really important milestones … [Read more...] about Governor’s Flagstaff Speech
Next Steps for Arizona Snowbowl
Flagstaff Business News recently spoke with Arizona Snowbowl Manager, J.R. Murray. FBN: What is the next step for Arizona Snowbowl? Murray: Start construction (of the pipeline and snowmaking infrastructure) in the spring of 2011 and we would begin making snow in the fall. There will be about 232 jobs created during construction. FBN: How will snowmaking extend the skiing season at Arizona Snowbowl? Murray: Extending the … [Read more...] about Next Steps for Arizona Snowbowl
