Arizona Form 140 - Resident Personal Income Tax Return

Form 140



Line C16 - Exemption: Qualifying Parents

An optional retirement program established by the Arizona

and Ancestors of Your Parents

Board of Regents under Arizona Revised Statutes



An optional retirement program established by an

Multiply the number in box 11 on the front of your return by

Arizona community college district.

$10,000 and enter the result.

NOTE: Public retirement pensions from states other than

Line C17 - Total

Arizona do not qualify for this subtraction.

Add lines C13 through C16 and enter the total. If you have

no other subtractions from income, skip lines C18 through

Line C20 - Arizona Lottery Winnings

C30 and enter this total on Form 140, page 1, line 15.

You may subtract up to $5,000 of winnings received in 2010

Line C18 - Interest on U.S. Obligations

for Arizona lottery prizes.

If you subtract Arizona lottery winnings here, you may have

Enter the amount of interest income from U.S. Government

to adjust the amount of gambling losses claimed as an

obligations included as income on your federal return. U.S.

itemized deduction. See instructions for Form 140 Schedule A,

Government obligations include obligations such as savings

Itemized Deduction Adjustments.

bonds and treasury bills. You cannot deduct any interest or other

Line C21 - U.S. Social Security Benefits or

related expenses incurred to purchase or carry the obligations. If

such expenses are included in your Arizona gross income,

Railroad Retirement Benefits

you must reduce the subtraction by such expenses. If you are

Arizona does not tax social security benefits received under

itemizing deductions on your Arizona return, you must

Title II of the Social Security Act. Arizona does not tax railroad

exclude such expenses from the amount deducted.

retirement benefits received from the Railroad Retirement

Board under the Railroad Retirement Act. If you included

NOTE: Do not subtract interest earned on FNMA or GNMA

such social security or railroad retirement benefits as income

bonds since this interest is taxable by Arizona. For details, see

on your federal return, use line C21 to subtract this income.

the department's income tax ruling, ITR 06-1.

NOTE: Enter only the taxable amount (the amount that was

Do not subtract any amount received from a qualified pension

subject to federal tax). Do not include any amount that was

plan that invests in U.S. Government obligations. Do not

not subject to federal income tax.

subtract any amount received from an IRA that invests in

See Arizona Department of Revenue Income Tax Ruling ITR 96-1

U.S. Government obligations. These amounts are not interest

for more information about railroad retirement benefits.

income. For details, see Arizona Department of Revenue

Line C22 - Recalculated Arizona Depreciation

Income Tax Rulings ITR 96-2 and ITR 96-3.

Enter the total amount of depreciation allowable pursuant to

Line C19 - Exclusion for U.S. Government,

IRC § 167(a) for the taxable year calculated as if you had

Arizona State or Local Government Pensions

elected not to claim bonus depreciation for eligible

If you receive pension income from any of the sources listed

properties for federal purposes.

below, subtract the amount you received or $2,500, whichever

Line C23 - Certain Wages of American Indians

is less. Include only the amount you reported as income on

Enrolled members of American Indian tribes may subtract

your federal return. If both you and your spouse receive such

wages earned while living and working on their tribe's

pension income, each spouse may subtract the amount

reservation. The federal government must recognize these

received or $2,500, whichever is less.

tribes.

Public

pensions

from

the

following

For more information, see Arizona Department of Revenue

sources qualify for this subtraction.

Income Tax Ruling ITR 96-4.



The United States Government Service Retirement and

Line C24 - Income Tax Refund from Other

Disability Fund

States



The United States Foreign Service Retirement and

Disability System

You may subtract income tax refunds received from other



Retired or retainer pay of the uniformed services of the

states if both of the following apply.

United States

You reported the refund as income on your federal return.



Any other retirement system or plan established by

2. You did not deduct the taxes paid to the other state as an

federal law

itemized deduction on a prior year Arizona return.

NOTE: This applies only to those retirement plans

Line

C25

Deposits

and

Employer

authorized and enacted into the U.S. Code. This does not

apply to a retirement plan that is only regulated by federal

Contributions Into MSAs

law (i.e., plans which must meet certain federal criteria to be

Deposits Made Into Your MSA

qualified plans).

If you have a medical savings account (MSA), you may be



The Arizona State Retirement System

able to subtract deposits made into that MSA. Make an entry



The Arizona State Retirement Plan

here if all of the following apply.



The Corrections Officer Retirement Plan

1. You have an MSA that qualifies as an MSA under



The Public Safety Personnel Retirement System

Arizona law, but not federal law.



The Elected Officials' Retirement Plan

2. Either you or your employer made deposits into that



A retirement plan established for employees of a county,

MSA during the tax year.

city, or town in Arizona

Arizona Form 140 - Resident Personal Income Tax Return - 2010 Page 11

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