Some states allow LLC members to transfer real property to an LLC to receive a tax exemption. A new LLC can purchase real property and use the real estate portfolio to bolster its financial profile and add to its value.
The child and dependent care tax credit is a percentage of your day care expenses up to $3,000 for one dependent or $6,000 for two or more dependents. That's not the amount of your credit. It's the amount of day care expenses you can apply the percentage to.
Arizona also offers a 25% tax credit on up to $1,000 of solar technology installed on a residence is available to homeowners. However, keep in mind that this is a one-time tax credit and the homeowner is restricted from additional tax credits on future solar expenditures on the same residence.