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 Arkansas Tax Form 2020

Arkansas Tax 2020-2025 Form

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HEATHER AROUND THE REGION ... HEATHER A CHANGE IN ARKANSAS TAX LAW MEANS YOU COULD BE PAYING LESS IN INCOME TAXES STARTING THIS YEAR. IF YOU'RE MAKING A LITTLE MORE THAN THIRTY- FIVE THOUSAND DOLLARS A YEAR, YOU'RE PART OF ARKANSAS' TOP INCOME TAX RATE. AND YOU'RE PAYING SIX-POINT-NINE PERCENT ON THAT FOR STATE INCOME TAXES. HEATHER STARTING THIS YEAR, YOU'LL BE PAYING A LITTLE LESS... A NEW LAW REDUCES THE TAX RATE TO SIX-POINT-SIX PERCENT. THE BILL'S LANGUAGE SAYS THE TOP TAX BRACKET IS DUE FOR A LITTLE HELP AFTER LOW AND MIDDLE-CLASS BRACKETS GOT REDUCTIONS IN RECENT YEARS. ACOUNTANTS SAY MANY PEOPLE IN NORTHWEST ARKANSAS WILL BENEFIT FROM THIS, EVEN IF THE AMOUNT ISN'T BIG. CREDIT COUNSELING OF ARKANSAS DIRECTOR OF EDUCATION MARK FOSTER SAYS MUCH OF THE SAME... Mark Foster, Director of Education "Of course, we'd like to go from 6.9% to 1.9%, but in a perfect world, that would be nice. Usually it's smal

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