| Married filing jointly or surviving spouses5 | $24,800 |
| Head of Household | $18,650 |
| Unmarried individuals / Single | $12,400 |
| Married filing separately | $12,400 |
| Unmarried individuals / Single; over 65 | $13,700 |
| Married filing jointly and both spouses are 65 and over | $27,400 |
• The Child Tax Credit: Up to $2,000 per qualifying dependent child 16 or younger at the end of the calendar year.
• The Child and Dependent Care Tax Credit: Dependent child must be 12 or younger at the time the child care is provided.
• The Earned Income Tax Credit: It is specifically designed to benefit working people with low incomes.
| 2020 Tax Year Earned Income Tax Credit | ||||
|---|---|---|---|---|
| Number of Children | Maximum Earned Income Tax Credit | Max Earnings, Single or Head of Household filers | Max Earnings, Joint Filers | |
| 0 | $538 | $15,820 | $21,718 | |
| 1 | $3,584 | $41,756 | $47,646 | |
| 2 | $5,920 | $47,440 | $53,330 | |
| 3 or more | $6,660 | $50,954 | $56,844 | |
There is a $500 nonrefundable credit for qualifying dependents other than children.
| Mileage Driven for: | Rate |
|---|---|
| Business | 57.5 cents |
| Medical Care or Move | 17 cents |
| Charitable Service | 14 cents |
| Health Savings Account | • Up to $3,550 if you have self-only coverage ($4,550 if age 55 or over) • $7,100 if you have family coverage ($9,100 if age 55 or over) |
| Retirement Plan Contribution | You may be able to deduct up to $6,000 in 2019 ($7,000 if age 50 or over). Another bonus is that contributions can be made until the tax due date of the following year (April 16, 2020, in this case). |
will advise you on how to redirect your AZ state income tax dollars to any private school of your choice in Arizona. I will recommend you accurately for your situation that how much state tax dollars you can redirect for a Dollar-For-Dollar credit.
Maximum Allowable for 2020: Unmarried/Single Filing Status-$1,183; Married filing joint - $2,365.
The deadline is April 15th, 2021 to redirect AZ state tax dollars for Tax-Year 2020.
Click on any form name below to access the form
