What is Arizona tax form 140PTC?

Form 140PTC, Property Tax Refund Credit. Page 1. This form is used by qualified individuals to claim a refundable income tax credit for taxes paid on property located in Arizona that is either owned by or rented by the taxpayer.

Does Arizona have a property tax credit?

As for the property tax credit, individuals may qualify for a credit if they were residents of Arizona the entire year and meet all of the following criteria: Paid property taxes or rent on a main home in Arizona during the tax year.

What does form 140ptc stand for in Arizona?

Form 140PTC is an Arizona Individual Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations.

What are the income tax forms in Arizona?

Other Arizona Individual Income Tax Forms: Form Code Form Name Form 140 Resident Personal Income Tax Return Tax Form 140PTC Property Tax Refund (Credit) Claim Packa Form 140A Resident Personal Income Tax (Short) Pac Form 140 Instructions Income Tax Instruction Packet

How to claim 140ptc property tax refund in Arizona?

Arizona Form 140PTC Property Tax Refund (Credit) Claim FOR CALENDAR YEAR 2020 98 C Checking or S Savings Direct Deposit of Refund: Check box 19A if your deposit will be ultimately placed in a foreign account; see instructions. 19A ROUTING NUMBER ACCOUNT NUMBER

How does the property tax credit work in Arizona?

Form is used by qualified individuals to claim a refundable income tax credit for taxes paid on property located in Arizona that is either owned by or rented by the taxpayer. Taxpayer’s claiming the property income tax credit, may also use this form to claim a credit for increased excise taxes.