Puerto Rico State Income Tax Data Sheet

 

© 2018 Tax-Rates.org

Tax Bracket (Single) [2] Tax Bracket (Couple) [3] Marginal Tax Rate

In general, United States citizens and resident aliens who are bona fide residents of Puerto Rico during the entire tax year, which for most individuals is January 1 to December 31, are only required to file a U.S. federal income tax return if they have income sources outside of Puerto Rico or if they are employees of the U.S. government. Bona fide residents of Puerto Rico generally do not report income received from sources within Puerto Rico on their U.S. income tax return. However, they should report all income received from sources outside Puerto Rico on their U.S. income tax return. Residents of Puerto Rico who are employed by the government of the United States or who are members of the armed forces of the United States also should report all income received for their services to the government of the United States on their U.S. income tax return.

Puerto Rico State Income Tax Deductions

Income tax deductions are expenses that can be deducted from your gross pre-tax income before determining your taxable income.

Puerto Rico Standard Deduction

Unlike many other states, Puerto Rico has no standard deduction. Certain itemized deductions (including property tax, qualified charitable contributions, etc) may be allowed depending on the income level and filing type of the taxpayer. Keep in mind that not all deductions allowed on your federal income tax return are necessarily going to be allowed on your Puerto Rico income tax return.

Puerto Rico Personal Exemptions

Puerto Rico has no personal exemption. The Federal Income Tax, however, does allow a personal exemption to be deducted from your gross income if you are responsible for supporting yourself financially.

Puerto Rico Dependent Deduction

Unlike most states, Puerto Rico does not have a dependent deduction. You can, however, claim dependent deductions on your Federal Tax Return.

Puerto Rico Itemized Deductions

Puerto Rico allows itemized deductions, and you can claim the same itemized deductions on your Puerto Rico tax return as you do on your Federal tax return. You must choose between itemizing your deductions and choosing the Puerto Rico standard deduction, so it's generally only worth itemizing your deductions if your itemized total is more then the Puerto Rico and Federal standard deductions.

Puerto Rico State Income Tax Data Sheet

 

© 2018 Tax-Rates.org

Web Resources:


Department of Revenue Website:
http://www.hacienda.gobierno.pr/

Puerto Rico Tax Forms:
http://www.hacienda.gobierno.pr/planillas_y_formularios/individuos.html

Puerto Rico Income Tax Information:
http://www.tax-rates.org/puerto_rico/income-tax

Important Tax Addresses: