Does Arizona have personal exemptions?

For tax years prior to 2019, Arizona allowed dependent exemptions for persons that qualify as dependents on a federal tax return. Starting with the 2019 tax year Arizona allows a dependent credit instead of the dependent exemption. Arizona also allows exemptions for the following: The taxpayer or their spouse is blind.

What is considered personal exemptions on taxes?

A personal exemption is an amount of money that you could deduct for yourself, and for each of your dependents, on your tax return. The personal exemption, which was $4,050 for 2017, was the same for all tax filers. Unlike with deductions, the amount of exemptions you could claim did not depend on your expenses.

What happened to Arizona personal exemption?

The Tax Cuts and Jobs Act of 2017 eliminated federal personal exemptions on federal returns for 2018 and future years. Arizona has “conformed” to federal so there are no longer personal exemptions for Arizona.

What can I claim on my taxes in Arizona?

– Charitable contributions eligible for Arizona state tax credit (Form 301) Charitable contributions eligible for Arizona Working Poor Tax Credit, Arizona Public School Contributions Tax Credit, and Arizona School Tuition Organization Contributions Tax Credit reduce state itemized deductions.

Should I claim a personal exemption for myself?

You can claim a personal exemption for yourself unless someone else can claim you as a dependent. Note that’s if they can claim you, not whether they actually do. If you qualify as someone else’s dependent, you can’t claim the personal exemption even if they don’t actually claim you on their return.

What is the personal tax exemption for 2021?

The exemption levels for 2021 and 2022 are: $114,600 and $118,100 for joint returns. $73,600 and $75,900 for unmarried individuals. $57,300 and $59,050 for married persons’ separate returns2930.

What is the Arizona standard deduction for 2020?

The Arizona standard deduction amounts were adjusted for inflation: – $12,400 for single or married filing separately (was $12,200). – $18,650 for head of household (was $18,350). – $24,800 for married filing joint (was $24,400).

What is an Arizona only dependent?

An Arizona only dependent is generally an individual over the age of 65 that doesn’t qualify as a Federal dependent, but does qualify as a dependent under special Arizona rules.

Are health insurance premiums tax deductible in Arizona?

– Medical expenses Medical expenses are 100% deductible as an Arizona itemized deduction. Federal itemized deductions are disallowed if they don’t meet the Federal threshold.