Taxes

Taxes

Turn Losses Into Leverage: Smart Tax Moves for Arizona Investors

When you sell an asset like a stock, bond, or property for a profit, that gain is taxable. Federally, the rate depends on how long you've held the asset. In Arizona, capital gains are treated as ordinary income and taxed at a flat 2.5% state income tax rate.

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Taxes

Understanding the New 1099-K: What You Need to Know for 2024 and Beyond

As tax season approaches, you might receive a form you haven’t seen before: Form 1099-K: Payment Card and Third-Party Network Transactions. With the IRS stepping up its oversight of income from online platforms, understanding this form is essential. Here’s everything you need to know to confidently handle it and avoid any surprises.

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Taxes

Start the Year Strong: Essential Tax Planning Tips for the 2024 Tax Season

The start of a new year is the perfect time to get your finances in order and prioritize tax planning. Taking proactive steps early can simplify the filing process, uncover opportunities to save, and help you approach the season with confidence. Whether you’re an individual, a family, or a small business owner, a little preparation can lead to big rewards.

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Taxes

How to Make a Big Difference with Arizona’s Charitable Tax Credit

Arizona’s Charitable Tax Credit offers that very opportunity, allowing residents to redirect a portion of what they owe to the state and support local charities instead.

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