Taxation
No, the rebates are not subject to set-offs. Taxpayers will receive their full amount of rebate payments, even if they have liabilities with other state or federal agencies.
The Internal Revenue Service has determined that the rebate is subject to federal income tax and, thus, requires it to be reported as part of your federal adjusted gross income on your 2024 federal income tax return. For this reason, the Arizona Department of Revenue is issuing a Form 1099-MISC, Miscellaneous Information, which reports miscellaneous compensation and other payments, to those who received an Arizona Families Tax Rebate.
Note that the rebate is not subject to Arizona income tax and should be subtracted from your federal adjusted gross income on your 2024 Arizona individual income tax return.
No. The Arizona Families Tax Rebate is not subject to Arizona income tax and should be subtracted from your federal adjusted gross income on your 2024 Arizona individual income tax return.