![arizona state income tax brackets 2021 arizona state income tax brackets 2021](https://thumbor.forbes.com/thumbor/711x312/https://specials-images.forbesimg.com/imageserve/5f5be313046d1ea6f4b23b20/MFJ-rates-2021/960x0.jpg)
The Personal Exemption, which is not supported by the Arizona income tax, is an additional deduction you can take if you (and not someone else) are primarily responsible for your own living expenses. The standard deduction, which Arizona has, is a deduction that is available by default to all taxpayers who do not instead choose to file an itemized deduction.Įssentially, it translates to $13,850.00 per year of tax-free income for single Arizona taxpayers, and $27,700.00 for those filing jointly. The current values of these deductions for tax year 2023 are as follows: The three most common deductions encountered by taxpayers are the Arizona Standard Deduction, the Arizona Personal Exemption, and the Arizona Dependent Deduction. In addition to marginal tax brackets, one of the major features of the Arizona income tax is deductions. Remember that Arizona may have very different deduction laws from the Federal Income Tax, so you may have to write a whole new list of deductions for your Arizona income tax return. Qualifying deductions might include an itemized deduction, the Arizona standard deduction, exemptions for dependants, business expenses, etc. When calculating your Arizona income tax, keep in mind that the Arizona state income tax brackets are only applied to your adjusted gross income (AGI) after you have made any qualifying deductions. Keep in mind that this estimator assumes all income is from wages, assumes the standard deduction, and does not account for tax credits.įor a more detailed estimate that takes these factors into account, click "View Detailed Estimate" (this will will redirect to an external website). Januthrough July 1, 2007, the Fuel Tax Rate for E-85 was 17 cents per gallon.You can use the income tax estimator to the left to calculate your approximate Arizona and Federal income tax based on the most recent tax brackets. These fuels will be reported in the new Ethanol Blended Gasoline E-15 or Higher fuel group and taxed at the E-15 or Higher rate. The Ethanol Blended Gasoline E-85 fuel group should not be used for transactions occurring 7/1/20 and after. The Ethanol Blended Gasoline E-15 or Higher is a new fuel group effective 7/1/20. Rates changed to 0.4% to 9.98% over 9 taxable income brackets with the top bracket of $45,000Īll tax rates cut 10% with a range of 0.36% through 8.98% over 9 taxable income brackets with the top bracket of $45,000 indexed ($51,660)Īll tax rates cut with a range of 0.33% through 8.53% over 9 taxable income brackets with a top bracket of $73,710 (indexed annually)Īll rates are cents per gallon unless otherwise noted. One-time indexation of brackets, raising top bracket to $76,725 Rates ranging from 0.5% to 13.0% over 13 taxable income brackets with the top bracket of $75,000
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Rates increased on all brackets except lowest two, rates ranging from 0.75% to 7.0% Rate changed to range from 0.75% to 4.5% over 6 taxable income brackets with the top bracket of $9,000Īdditional bracket and new top 5.25% rate introduced.
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Rates lowered to range from 0.75% to 3.75% over the same taxable income brackets Rates increased to range from 0.8% to 4.0% over 5 taxable income brackets with the top bracket lowered to $4,000 Rates lowered to range from 0.75% to 3.75% over 5 taxable income brackets with top bracket raised to $5,000
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Graduated rates imposed ranging from 1.0% to 5.0% over 5 taxable income brackets with a top bracket of $4,000