Tag Archives: Arkansas
Often overshadowed by their tax time counterpart – the federal income tax – state income tax rates generally receive less attention. However, they can definitely impact your overall bill, depending on where you live, where you work, and the total amount you earn. State Taxation of Residents States typically use one of three methods to […]
— Read moreAny who lives in Arkansas for part of the tax year is considered a part-year resident. This includes those who may have moved to or from the state during the year. Part-year residents are required to file a state income tax if any of their income was earned in-state. Taxpayers should use Form-1000NR to file […]
— Read moreArkansas collects income tax from its residents over six different tax brackets based on income. The rates for each bracket and relative income level are: 1% on taxable income under $4,200 5% between $4,200 and $8,299 of taxable income 5% between $8,300 and $12,399 of taxable income 5% between $12,400 and $20,699 of taxable income […]
— Read more
