What are the Arizona income tax rates for individuals?

The Arizona Department of Revenue applies a graduated income tax system for individuals, which means that the tax rates vary based on the level of taxable income. As of the latest information available, Arizona has simplified its tax structure, and there are now only two rates in effect. For single filers with a taxable income of up to a specified threshold, the tax rate is set at 2.55 percent. For income that exceeds this threshold, the tax rate increases to 2.98 percent. Additionally, there are different standards for filing statuses, such as married filing jointly, where the thresholds apply differently but still maintain the same tax rates. The state also takes into account various deductions and exemptions that may affect the overall tax liability for individuals. It is important for taxpayers to review their specific situation, as income tax rates and regulations may change over time. For the most current tax rates, as well as guidance on deductions and exemptions, it is advisable to check the Arizona Department of Revenue's official web page, where updates and detailed information are provided.