Certain credits will be automatically calculated and carried over from the Federal return to your Arizona return. Arizona does offer additional credits that may be applicable to your Arizona return such as:
Clean Elections Fund Tax Credit - For 2012, you may claim this credit for:
- Donations made directly to the fund during 2012 but prior to August 2, 2012.
- A donation made to the fund on your 2011 income tax return that you filed prior to August 2, 2012.
Note: Arizona laws repealed section 16-954, effective August 2, 2012, which allowed a taxpayer to claim a credit for a donation made to the Citizens Clean Election Fund on their income tax return. If you donated to the fund prior to August 2, 2012, you may take a credit for your contribution.
Property Tax Credit - You may take the property tax credit if you meet all of the following:
- You were either 65 or older in 2012 or, if under age 65, you were receiving SSI Title 16 income from the Social Security Administration. Note: SSI Title 16 income is not the normal Social Security disability.
- You were an Arizona resident for the full year in 2012.
- You paid property tax on your Arizona home in 2012. You paid rent on taxable property for the entire year or you did a combination of both.
- If you lived alone, your total household income was under $3,751. If you lived with others, the total household income was under $5,501. Refer to Form 140PTC to see what income is included in household income. Tax Tip: To claim a property tax credit, you must file your claim or extension request by end of tax season (Generally, this date will be April 15th of the current year). You cannot claim this credit on an amended return if you file the amended return after the due date of your return.
Credit for Solar Energy Devices - You may be able to qualify for this particular credit if you installed a solar energy device in your residence located in Arizona. The solar energy credit for buying and installing a solar energy device is 25% of the cost, including installation, or $1,000, whichever is less. If you install another device in a later year, the cumulative credit cannot exceed $1,000 for the same residence.
If the allowable tax credit is more than your tax liability or if you do not have tax liability, you may carry the unused credit forward for up to the next 5 consecutive years. To determine what devices qualify for this credit, please refer to Arizona Form 310.
Note: A taxpayer may claim a credit of up to $1,000 for a second personal home. A taxpayer that claims a credit for both a primary and secondary home is limited to a maximum credit of $1,000 in the taxable year.
Credit for Contributions to Charities That Provide Assistance to the Working Poor - You may qualify for this credit if you made contributions to certain charities that provide help to the working poor. See Form 321 Instructions for assistance.
Credit for Contributions Made or Fees Paid to Public Schools - You may qualify for this credit if you made contributions or paid certain fees to public schools in Arizona. See Form 322 Instructions for assistance.
Credit for Contributions to Private School Tuition Organizations - You may qualify for this credit if you made contributions to a school tuition organization that provides scholarships or grants to qualified schools. See Form 323 Instructions for assistance.
Credit for Taxes Paid to Another State - You may qualify for this credit if you paid tax to Arizona and another state or country on the same income. If you have a Resident and a Nonresident state return, TaxSlayer will automatically calculate this credit within the return. If you have a Part-Year state return, the credit for taxes paid to another state will have to be manually calculated. See Form 309 Instructions for assistance.