Arizona Form 140ptc Instruction - Property Tax Refund (Credit) Claim

Form 140PTC



Line 14 -

Strike benefits exempt from tax; and



Unemployment insurance payments from states other

Add lines 12 and 13.

than Arizona.

Line 15 - Property Tax Credit

Line J -

Enter the smaller of line 11 or line 14.

Enter the total of column 4, lines A through I, on line J,

Line 16

column 4, and on the front page, line 10.

Complete line 16 if someone else claimed you as a

To find out more about household income and adjusted gross

dependent on his or her tax return. Enter the name, address,

income for this credit, see the department's tax ruling ITR 92-4.

and SSN of the person who claimed you as a dependent.

Now return to the front of the form.

NOTE: If you complete line 16, do not complete lines 1 through

Line 11a -

6 on Page 2, Part II.

If you lived alone, place an "X" in the box marked

Line 17 -

"Schedule I". Look at Schedule I under Part I on the back of

If you are not claimed as a dependent on anyone else’s tax

the form. Under “Household Income”, find the amount you

return, turn the form over and complete Part II. If you are

entered on line 10.

claimed as a dependent on someone else’s tax return, enter

Find the amount shown next to your “Household Income” in

zero “0” here.

the “Tax Credit” column. Enter that amount on line 11.

Page 2, Part II, Credit for Increased Excise

Line 11b -

Taxes

If you lived with your spouse or one or more other persons,

Lines 1 through 6 -

place an "X" in the box marked "Schedule II". Look at

Schedule II under Part I on the back of the form. Under

NOTE: The credit on Part II, line 6 cannot exceed $100

“Household Income”, find the amount you entered on line 10.

per household. Do not claim this credit if someone else in

your household has already claimed $100 of the credit. If

Find the amount shown next to your “Household Income” in

someone else in your household has claimed less than $100,

the “Tax Credit” column. Enter that amount on line 11.

you may claim the credit, if eligible, as long as all credit

Line 12 - Complete if You Own Your Home

claims filed from your household do not exceed $100.

If you owned your home, enter the total amount of property

taxes that you actually paid in 2011.

NOTE: If you were sentenced for at least 60 days of 2011

to a county, state or federal prison, you are not eligible to

If you pay your property taxes in two payments, use only

claim the credit for increased excise taxes for 2011. In this

those amounts actually paid in 2011.

The following

case, do not complete Part II.

example will show you how to figure these amounts.

Part II, Line 1 -

Example:

List your dependents.

You may claim this credit for

Facts: John owns his own home. Every year, John

pays his property taxes in two payments. John makes

dependents that are residents of Arizona. You cannot claim

the first payment in October. John makes the second

this credit for a dependent that is an Arizona nonresident.

payment in March. To figure how much property tax

List only those people that qualify as your dependent for

John paid in 2011, John must look at taxes paid for

federal income tax purposes.

Except do not list any

both 2010 and 2011.

dependent that is not an Arizona resident.

John's 2010 property taxes were

$600

Enter the following on line(s) 1a through 1c.

John paid 1/2 of his 2010 property

taxes on October 1, 2010

$300

1. The dependent's name.

John paid the other 1/2 of his 2010

2. The dependent's SSN.

property taxes on March 1, 2011

$300

3. The dependent's relationship to you.

John's 2011 property taxes were

$700

4. The number of months the dependent lived in your

John paid 1/2 of the 2011 taxes on

home during 2011.

October 1, 2011

$350

For federal income tax purposes, a dependent is either a

John paid the other 1/2 of his 2011

qualifying child or a qualifying relative. A qualifying child

property taxes on March 1, 2012

$350

or relative must be a U.S. citizen or resident alien, or a resident

During 2011, John paid property taxes for both 2010

of Canada or Mexico. There is an exception for certain adopted

and 2011. John paid 2010 taxes of $300 on March 1,

children.

2011. John also paid 2011 taxes of $350 on October

To claim a qualifying child as a dependent for federal

1, 2011. John would enter $650 on line 12. This is the

purposes, you must meet the following 5 tests:

amount John actually paid in 2011.

1. Relationship test. The child must be your son,

Line 13 - Complete if You Rented During 2011

daughter, stepchild, foster child, brother, sister, half

brother, half sister, stepbrother, stepsister, or a

If you rented during 2011, enter the amount from Form 201,

descendant of any of them.

Part III, Line 15.

Arizona Form 140ptc Instruction - Property Tax Refund (Credit) Claim - 2011 Page 4

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