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Determine Your State Tax Liability

How do I determine my tax liability for the year?

Everyone pays state income taxes unless you are taking a loss or don’t have earned income. Even if receiving a refund, you have paid state income taxes. Your state tax liability is not always what you owe when you file your taxes, but the total amount you’d owe if you didn’t pay taxes throughout the year.

The best way to determine your liability is to talk with your tax advisor. If you don’t have a tax advisor, you can look at your last year’s return. Your liability can be found on Line 48 of your Arizona Form 140 and Line 58 for both your Arizona 140PY (Part Year Resident) and Arizona 140NR (Non-Resident) forms. If your income is the same or similar as the previous year, this will give you a good indication of what your liability will be for this year.

Below is an additional tool you can use to help guide you:

Online Tax Calculator
You can use this free online tax calculator to calculate your tax liability. Please note that this tool has been created, published and is maintained by parties independent of APSTO and we don't perform an ongoing review of the accuracy of the information contained therein.

As long as you stay within the combined maximums provided by the state, $2,435 filing jointly and $1,219 filing single for your donation you can carry forward any unused tax credits for up to an additional five years.

Questions? Call 480-256-1001 or email info@APSTO.org

While APSTO deals with the Arizona Private School Tuition Tax Credit Program every day, we are not tax advisors. This is intended to help guide you but not intended to replace official tax advice. if you have questions regarding your tax situation, it is always best to consult with a tax professional.