Instructions For Arizona Form 140 - Resident Personal Income Tax Return

Step 1

Table II

Complete Worksheet I below.

Head of Household

Column (a)

Column (b)

Worksheet I

Maximum

Number of dependents you are claiming on

1. Enter the amount from Form 140,

Income

line 42.

Form 140, page 1, box 10 excluding

2. Enter the amount from

persons listed who did not qualify as a

Form 140, line 38.

dependent on your federal return [Box 10,

3. Enter the amount from

column (e)].

Form 140, line 39.



0 or 1

$20,000

4. Enter the amount from



$20,135

Form 140, line 40.



5. Enter the amount from

$23,800



Form 140, line 41

$25,200



6. Add the amounts on lines 2 through

5 or more

$26,575

5 and enter the total.

7. Add lines 1 and 6. Enter the total.

Table III

Single or Married Filing Separate Return

Column (a)

Column (b)

Step 2

Maximum

Number of dependents you are claiming on

Look at the following tables. Find your filing status.

Income

Form 140, page 1, box 10 excluding



Use Table I if married filing a joint return.

persons listed who did not qualify as a



Use Table II if head of household.

dependent on your federal return [Box 10,



Use Table III if single or married filing a separate

column (e)].



return.

0 or more

$10,000

Step 4

If you qualify to take the credit, complete Worksheet II.

Step 3



Look at column (a) and find the number of dependents

Worksheet II

you are claiming (Form 140, page 1, box 10 excluding

You must complete Steps 1 through 3

persons listed who did not qualify as a dependent on

before you complete Worksheet II.

your federal return).

1. Enter the number of dependents you



entered on Form 140, page 1, box 10,

Find the maximum income [in column (b)] for the

excluding persons listed who did not

number of dependents you are claiming.

qualify as a dependent on your federal return



Compare that income [the amount in column (b)] with the

[Box 10, column (e)].

income listed in Step 1 on Worksheet I, line 7.

2. Number of personal exemptions. If you

If the amount entered in Step 1 on Worksheet I, line 7 is

checked filing status 4, enter the number 2

equal to or less than the maximum income allowed for the

here. If you checked filing status 5, 6, or 7,

enter the number 1 here.

number of dependents you are claiming on Form 140, page

1, box 10, excluding persons listed who did not qualify as

Add lines 1 and 2. Enter the total.

your dependent on your federal return, you qualify to take

4. Multiply the amount on line 3 by $40.

this credit.

Enter the result.

If you checked filing status 4 or 5, enter $240

To figure your credit, complete Step 4.

here. If you checked filing status 6 or 7, enter

$120 here.

6. Family income tax credit. Enter the lesser

Table I

of line 4 or line 5. Also enter this amount

Married Filing Joint Return

on Form 140, line 49.

Column (a)

Column (b)

Maximum

Number of dependents you are claiming on

Line 50 - Nonrefundable Credits from Arizona Form 301

Income

Form 140, page 1, box 10 excluding

Complete line 50 if you claim any of the following credits.

persons listed who did not qualify as a

Also make sure that you complete and include Arizona Form

dependent on your federal return [Box 10,

301 and the appropriate credit form or forms with your

return.

column (e)].



0 or 1

$20,000

1. Enterprise Zone Credit.

Taxpayers can no longer



$23,600

establish credits on their tax year 2014 (or any future) return.



$27,300

All enterprise zone credits properly established can be carried



4 or more

$31,000

Instructions For Arizona Form 140 - Resident Personal Income Tax Return - 2014 Page 16

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