Az 352 2022-2024 Form

Instructions and help about Arizona Form352Credit For Contributions To Qualify

today i'm going to talk about the savers credit for 2022 so you can save on taxes and retirement at the same time now i'm gonna start with a brief explanation on credits versus deductions just so you can see the differences and figure out how those work then i'll jump into the savers credit then we're going to talk about the income limits for the savers credit and finally an example so you can really understand how to use the savers credit and probably qualify for more tax credits and deductions than you thought possible so let's go ahead and get started with the credits versus deductions so here we have tax credits versus tax deductions with tax credits these go against your total tax liability where tax deductions reduce your total taxable income so let's use an example so you can see how this works let's say that we're single earning 50 000 if that's the case our total tax liability is going to be six thousand six hundred and seventeen dollars now let's assume that we have a two tho