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The Arizona state income tax rate is 2.5%. Whether you need to file an Arizona state tax return depends on income, tax filing status and residency.
Arizona has state sales tax of 5.6%, and allows local governments to collect a local option sales tax of up to 5.3%. There are a total of 98 local tax jurisdictions across the state, collecting an average local tax of 2.518%. Click here for a larger sales tax map, or here for a sales tax table.
The big picture: Income tax: 2.5 percent. Arizona consolidated its four income tax brackets into two brackets in 2022. New for the 2023 tax year, Arizona has a flat income tax rate of 2.5 percent. Property tax: .63 percent of a home’s assessed value (average)
For tax years ending on or before December 31, 2019, Individuals with an adjusted gross income of at least $5,500 must file taxes, and an Arizona resident is subject to tax on all income, including from other states.
Arizona has a flat 2.50 percent individual income tax rate. Arizona has a 4.9 percent corporate income tax rate. Arizona also has a 5.6 percent state sales tax rate and an average combined state and local sales tax rate of 8.38 percent.
The 2023 Arizona standard deduction amounts are: $ 13,850 for a single taxpayer or a married taxpayer filing a separate return; $ 27,700 for a married couple filing a joint return; and. $ 20,800 for individuals filing a head of household return.
If you make $70,000 a year living in Arizona you will be taxed $9,254. Your average tax rate is 10.94% and your marginal tax rate is 22%. This marginal tax rate means that your...
Arizona also has a flat corporate income tax rate of 4.9 percent and avoids imposing harmful gross receipts taxes and capital stock taxes. However, the state does not conform to the federal treatment of bonus depreciation and requires that businesses add back to the corporate income tax base any bonus depreciation taken at the federal level.
Arizona has a flat individual income tax rate of 2.5% that took effect in 2023. Arizona's corporate tax rate is 4.9%. Arizona doesn't tax Social Security benefits. Up to $2,500 of income from...
Residents living in Arizona for the whole year or for part of the year must file taxes if their gross income is more than $12,400, more than $18,550 for the head of household or more than $24,800...