Current Resources and Announcements
Check here often for the latest trends, tips and information from the IRS, Arizona Department of Revenue and other agencies and industry leaders. Past posts and articles have been categorized here for quick reference.
Issue Number: IR-2022-203: Get Ready now to file your 2022 federal income tax return
Get Ready now to file your 2022 federal income tax return WASHINGTON — The Internal Revenue Service today encouraged taxpayers to take simple steps before the end of the year to make filing their 2022 federal tax return easier. With a little advance preparation, a...
Issue Number: Tax Tip 2022-178: Taxpayers should review the 401(k) and IRA limit increases for 2023
The amount individuals can contribute to their 401(k) plans in 2023 will increase to $22,500 -- up from $20,500 for 2022. The income ranges for determining eligibility to make deductible contributions to traditional IRAs, contribute to Roth IRAs, and claim the Saver's...
Issue Number: Tax Tip 2022-173: Everyone should know the facts about how the IRS communicates with taxpayers
Knowledge is a taxpayer’s first line of defense against scammers who pretend to be from the IRS with the goal of stealing personal information. Here are some facts about how the IRS communicates with taxpayers: The IRS doesn't normally initiate contact with taxpayers...
Important Announcement: Revisions to Arizona’s Unemployment Taxable Wage Base
On June 30, 2021, Governor Doug Ducey signed Senate Bill 1828 (link is external), which increased the maximum taxable wages from $7,000 to $8,000 for Unemployment Insurance (UI) compensation purposes, effective calendar year 2023. Senate Bill 1828 has already led...
Arizona Department of Revenue: Arizona’s Employees Have New Tax Withholding Options
Employee Tax Withholding Form A-4 Updated to Reflect Lower Rates Phoenix, AZ—Arizona's Individual Income Tax Withholding Form (Arizona Form A-4) has been updated to reflect Arizona's lower individual income tax rates. Every Arizona employer is required to make this...
Issue Number: Tax Tip 2022-163: Farmers, ranchers and farm workers can find ag-related tax info anytime on IRS.gov
The IRS website has a wealth of information for farmers, ranchers and other farm workers. Whether they’ve got a question about whether crop insurance is taxable, they need to find financial resources for a small business, or they want to learn about industry trends,...
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