The following changes have been made by Arizona for the 2022 tax year.
2022 Arizona Standard Deductions Adjusted
The 2022 Arizona standard deduction amounts are:
- $12,950 for a single taxpayer or a married taxpayer filing a separate (MFS) return;
- $25,900 for a married couple filing a joint return (MFJ);
- $19,400 for individuals filing a head of household return (HoH).
Credit for Contributions to Private School Tuition Organizations (Form 323)
The credit for contributions to private school tuition organizations was adjusted for inflation purposes. For 2022, the maximum current year credit is:
- $623 for single or head of household taxpayers;
- $1,245 for married taxpayers filing a joint return; and
- $623 for married taxpayers filing a separate return.
Credit for Contributions Made to Certified School Tuition Organizations (Form 348)
The allowable current year credit for contributions to a certified school tuition organization was adjusted for inflation purposes. For 2022, the maximum current year credit is:
- $620 for single and head of household taxpayers;
- $1,238 for married taxpayers filing a joint return; and
- $620 for married taxpayers filing a separate return.
Pass-Through Entity (PTE) Tax (Credit Form 355)
Beginning with tax year 2022, Arizona allows an individual partner or an individual shareholder of a partnership/S Corporation a nonrefundable tax credit for the taxes paid by the PTE on the individual’s behalf for their share of the income distributed to the partner/shareholder. If the allowable credit exceeds the taxes otherwise due on the claimants income, or if the there are no taxes due, the amount of the claim not used to offset taxes may be carried for not more than five consecutive taxable years as a credit
against subsequent years’ income tax liability. Arizona Revised Statute § 43-1077