As the new year approaches, don't forget to take advantage of the individual tax credits available to you. In order to recognize the full credit in 2014, just be sure to donate this calendar year and as soon as possible as some funds, like the Military Family Relief Fund, have a annual cap. Below you will find a list of credits, their limits and a short descriptions. Also, feel free to visit http://www.azdor.gov/TaxCredits.aspx for more information. This information is courtesy of Mackenzie J. Rentschler, CPA, of
Rauch, Hermanson, Everroad & Rentschler, Ltd., Certified Public Accountants in Scottsdale, AZ 85260. ..