Tag Archives: Arizona
Often overshadowed by their tax time counterpart – the federal income tax – state income tax rates generally receive less attention. However, they can definitely impact your overall bill, depending on where you live, where you work, and the total amount you earn. State Taxation of Residents States typically use one of three methods to […]
— Read moreIf you earn any income from a source originating in Arizona, it will be taxed according to the state’s income tax regulations. Even if you don’t live in Arizona, or you are in the state temporarily, you are still responsible for Arizona state income tax. Income includes wages, rental income, business profits, real estate sales […]
— Read moreArizona’s income tax is assessed at a rate ranging from 2.59% at the lowest income bracket to 4.54% at the highest income level. There are five income brackets which taxpayers can use to determine their rate of taxation. Single and Married Filing Separately 2.59% on taxable income up to $10,000 2.88 % between $10,001 and […]
— Read more
