Arizona Credit for Taxes Paid to Another State or Country

Use Arizona Form 309 to figure your credit for taxes paid to Arizona and another state or country on the same income. If claiming a credit for more than one state or country, complete a separate Form 309 for each state or country. Arizona residents are allowed a credit against Arizona income taxes for net income taxes imposed by and paid to another state or country if the following apply: The [...]

Arizona Credits

Dependent Tax credit Taxpayers may claim a nonrefundable Dependent Tax Credit for certain qualifying dependents. For the purpose of the dependent tax credit, “dependent” means an individual that qualifies as a dependent for federal purposes. The tax credit is equal to: • $100 for each qualifying dependent who is under 17 years of age at the end of the taxable year • [...]

Arizona Bonus Depreciation

Recalculated Arizona Depreciation NOTE: For more information and examples of how to calculate Arizona bonus depreciation, see the department’s procedure, ITP 16-2, Procedure for Individuals who Claim Federal and/or Arizona Bonus Depreciation. For assets placed in service in taxable years beginning before December 31, 2012, enter the total amount of depreciation allowable pursuant to IRC [...]

New Jersey Forfeiture Penalty for Early Withdrawal

Forfeiture Penalty for Early Withdrawal. If you incur a penalty by withdrawing a time deposit early, you can subtract the amount of the penalty from your interest [...]

New Jersey Qualified Investment Funds

Qualified Investment Funds Distributions and gains from a New Jersey “qualified investment fund” are excludable from income to the extent that the distributions and gains come from the qualified exempt obligations held by the fund. To be a “qualified investment fund” the fund must: Be a regulated investment company; Have 80% or more of its investments (other than [...]