Arizona Form A-4. Make sure to complete a new one each year. This is now required to be completed every year.
Federal W-4 is also required to be completed every year.
Popular tax breaks that ended 2016 but were extended or made permanent
Extended through 12/31/16
Cancellation of Home Mortgage Debt (up to $2 million)
Qualified
Mortgage Insurance Premiums treatment as mortgage interest
Tuition and fees deduction of up to $4,000 (above the line)
State Sales Tax deductions
Not Determined - still waiting for information from IRS
Educator Expenses
- Above the line up to $250.00
$500.00 (lifetime) tax credit for investment on energy efficiency expenditures
Permanent
Charitable transfers of up to $100,000 from an IRA directly to a charity (Made Permanent)
Social Security wage base increases to $118,500.00 for 2015 and 2016. Wages paid in excess of $200,000 will be subject to an
extra .9% Medicare tax that will only be withheld from employee wages. Wage base for 2016 remains at $118,500.00
Social
Security Earnings. Seniors who are 62 but not 66 yet and decide to collect SS can earn up to $15,720. this year before
they lose any benefits. For every $2.00 earned over limitation they will deduct $1.00 in benefits. For 2017 the limit goes to
$16,920.
IRS - DIRECT PAY
