While Arkansas generally adopts most federal income tax provisions, there are a few key differences between state and federal forms. For example, married couples have the option to file jointly or separately on their state individual income tax return(s).
How do I pay individual income tax in Arkansas?
The State of Arkansas allows payments to be made for Individual Income Tax liabilities by Credit Card. The credit card transactions are made through the Official Payments Corporation. (1-800-272-9829) or over the internet by visiting and clicking the “Payment Center Link”.
Do I qualify for low income tax rates in Arkansas?
You may use the Low-Income Tax Table if your adjusted gross income falls below the following amounts for your filing status: Filing Status 1 – Single: total gross income cannot be greater than $15,200. Filing Status 3 – Head of Household with One or No Dependents: total gross income cannot be greater than $22,000.
Who has to file Arkansas income tax?
Any PY resident who received any taxable income while an Arkansas resident must file a return, regardless of filing status or gross income amount. Nonresidents: Any nonresident who received taxable income from Arkansas sources, must file a tax return regardless of filing status or gross income amount.
What income does Arkansas tax?
Personal Income Tax Rates (Effective January 1, 2020)
| Income greater than $79,300 | |
|---|---|
| $0-$4,000 | 2.0% |
| $4,001 – $8,000 | 4.0% |
| $8,001 – $79,300 | 5.9% |
| $79,301 and above | 6.6% |
What are the income tax rates in Arkansas?
Arkansas state income tax rate table for the 2020 – 2021 filing season has four income tax brackets with AR tax rates of 2%, 4%, 5.9% and 6.6% for Single, Married Filing Jointly, Married Filing Separately, and Head of Household statuses.
When do income tax forms come out in Arkansas?
Arkansas income tax forms are generally published at the end of each calendar year, which will include any last minute 2020 – 2021 legislative changes to the AR tax rate or tax brackets. The Arkansas income tax rate tables and tax brackets shown on this web page are for illustration purposes only.
What kind of deductions are available in Arkansas?
Qualifying deductions might include an itemized deduction, the Arkansas standard deduction, exemptions for dependants, business expenses, etc. Remember that Arkansas may have very different deduction laws from the Federal Income Tax, so you may have to write a whole new list of deductions for your Arkansas income tax return.
Can You claim a dependent deduction in Arkansas?
Unlike most states, Arkansas does not have a dependent deduction. You can, however, claim dependent deductions on your Federal Tax Return. Arkansas allows itemized deductions, and you can claim the same itemized deductions on your Arkansas tax return as you do on your Federal tax return.
