Arizona tax credit deadline looms

KINGMAN - There's still time to utilize your Arizona Tax Credit through donations to local charities and schools.

Arizona taxpayers can donate up to $200 for single-filers, or $400 for joint-filers, to charities to reduce the taxes they are held liable for in 2015. Donations for charities are due on Dec. 31. If you're keeping score at home, that would be Thursday.

Taxpayers can donate an additional $200-400 to schools for their 2015 taxes. The state of Arizona has extended that process until taxes are due in April.

"It's a tax reduction credit," said Brenda Marker, tax preparer at B & G Accounting and Tax in Kingman. "There's a difference between refundable and tax reduction credit. It only works if you are reducing your taxes for the state."

For example, if a person is liable for $200 in taxes to the state but makes a $200 donation instead, their liability is now $0.

According to Lyn Demaret, president of River Cities United Way, in nearly all cases that donation will result in a refund. United Way functions as an umbrella organization for charities in Mohave County, distributing funds to other charities as they come in. The group also organizes payroll deductions, allowing taxpayers to donate throughout the year rather than all at once. Any future payroll deduction plans will start for the 2016 tax year.

If you would like to get your tax credit for 2015 in before the Dec. 31 deadline, stop by the United Way office at 2202 Hualapai Mountain Road from 8 a.m. - 4 p.m. either today or Thursday. For questions, contact Laura at 928-753-6720 or United Way's main line at 877-855-8318.

Here are the charitable organizations in Kingman that qualify for that tax credit in Arizona:

Advice & Aid Pregnancy Center - 3880 Stockton Hill, Suite 103-242

Boys & Girls Club of Kingman - 301 N 1st Street

Cornerstone Mission Project - 3049 Sycamore Avenue

Kingman Aid to Abused People - 1770 Airway Avenue

Kingman Area Food Bank - 2930 Butler Avenue

The Salvation Army - 1200 Andy Devine Avenue