Arizona Department of Revenue, Arizona Tax

Arizona Business Corporate Tax, Arizona Personal Income Tax, Arizona Sales Tax Rates

What is the Arizona Corporate net income tax rate(s)?

6.96% with a minimum payment of $50.00 regardless of net taxable profit.

What is the Arizona personal net income tax rate(s)?

What is the average Arizona sales tax rate(s)?

7.92%. The State has a 5.6% tax, but the average local tax is 2.32% making a total of 7.92%

Are there standard deductions?

Single:  $4,521.00
Joint:  $9,042.00

Are there personal exemptions?

Single:  $2,100.00
Dependants:  $2,100.00

What forms do you file for your Arizona taxes?

C corporations:   Form Corporate 120 or the short form, 120A
S Corporations:  Form 120S, Schedule K1 (NR)
Partnerships:  Form 165, Schedule K1
Individual:  Form 140

Estimated tax payments?

Form 140ES if income in the current or prior years will be $75,000.00 or more for a single filer, or $150,000 for a married joint filer.

Arizona Department of Revenue:

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