![]() ![]() ![]() Arizona insurance taxĪ 2% insurance premium tax applies to certain insurance companies’ gross receipts. Tobacco users face a stern $2.00 tax per pack of 20 cigarettes. ![]() The gas tax stands firm at 18 cents per gallon, fueling the maintenance of the state’s transport arteries. This page explains how these tax brackets work, and includes a Federal income tax calculator for estimating your tax liability. The Federal Income Tax consists of seven marginal tax brackets, ranging from a low of 10 to a high of 39.6. They’re pulled into the same tax brackets as regular income, with rates oscillating between 2.59% and 4.5%. Federal tax brackets are indexed for inflation, and are updated yearly to reflect changes in cost of living. Arizona capital gains taxĬapital gains don’t escape Arizona’s taxing grasp. The median property tax rate rests at a comfortable 0.62% of a property’s assessed fair market value. With a state tax of 5.6% and local taxes thrown into the mix, the average total sales tax rate whirls around the 8.4% mark. There is only exemption for dependent(s) and it is in the form of tax credits. Figure out your state/local tax liability.Calculate your income tax in ArizonaĬalculating your Arizona state income tax is similar to the steps (except the state payroll formulas) we listed on our Federal income tax calculator: With a standard deduction of $12,200 for single filers and $24,400 for joint filers, along with tax credits for dependents and the elderly, it offers taxpayers a degree of financial respite. They contribute to a state unemployment insurance tax, providing a safety net for individuals facing job loss.Īrizona’s approach to standard deductions and exemptions is an exercise in generosity. The state eschews a distinct payroll tax, but employers aren’t entirely free from obligations. Arizona’s income tax structure is a flat rate of 2.5%. ![]()
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