2021 Arizona Revised Statutes
Title 43 - Taxation of Income
§ 43-1073 - Family income tax credit

43-1073. Family income tax credit

A. Subject to the conditions prescribed by this section, a credit is allowed against the taxes imposed by this chapter for a taxable year for taxpayers whose Arizona adjusted gross income, plus the amount subtracted for exemptions under section 43-1023, is:

1. $20, 000 or less in the case of a married couple filing a joint return with not more than one dependent or a single person who is a head of a household with not more than one dependent.

2. $23, 600 or less in the case of a married couple filing a joint return with two dependents.

3. $27, 300 or less in the case of a married couple filing a joint return with three dependents.

4. $31, 000 or less in the case of a married couple filing a joint return with four or more dependents.

5. $20, 135 or less in the case of a single person who is a head of a household with two dependents.

6. $23, 800 or less in the case of a single person who is a head of a household with three dependents.

7. $25, 200 or less in the case of a single person who is a head of a household with four dependents.

8. $26, 575 or less in the case of a single person who is a head of a household with five or more dependents.

9. $10, 000 or less in the case of a single person or a married person filing separately.

B. The amount of the credit is equal to $40 for each person who is a resident of this state and who is either the taxpayer, the taxpayer's spouse who does not file a return or a dependent but may not exceed:

1. $240 in the case of a married couple filing a joint return or a single person who is a head of a household.

2. $120 in the case of a single person or a married couple filing separately.

3. For any taxpayer, the amount of taxes due under this chapter for the taxable year.