Ar8453 Ol Form
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People also ask ar8453
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Is Arkansas a high tax state?
Arkansas has a graduated corporate income tax, with rates ranging from 1.0 percent to 4.8 percent. Arkansas also has a 6.50 percent state sales tax rate and an average combined state and local sales tax rate of 9.45 percent.
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Who must file an Arkansas tax return?
Residents must file if: Single and gross income is at least: $11,970. Head of Household with 0 or 1 dependents and gross income is at least: $17,019. Head of Household with 2 or more dependents and gross income is at least: $20,287.
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Is the Arkansas state tax going away?
Since OA launched in late 2022, Arkansas has adopted three separate rounds of signNow income tax cuts—and thanks to their efforts, the state is on a positive trajectory towards phasing out the state income tax completely.
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Why is Arkansas sales tax so high?
One of the reasons for the state's high sales tax rates is the broad availability of local-option sales taxes for cities and counties in Arkansas, with few limits on the types of functions the taxes can fund and how they can be enacted through special elections.
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Who do I call about Arkansas state taxes?
1099M and 1099G Hotlines DescriptionPhone Number In Pulaski County For individuals living in Pulaski County. 501-682-1100 In Arkansas For individuals living in Arkansas outside of Pulaski County. 800-882-9275 Outside Arkansas For individuals living outside of Arkansas 501-682-11002 more rows
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What city in Arkansas has the highest sales tax?
Arkansas Sales Tax The city of Gillham has the highest combined sales tax rate at 12.625%. Arkansas is also one of 13 states that still impose a sales tax on groceries (food), though it is the lowest at .
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What three states have the highest sales tax?
The five states with the highest average combined state and local sales tax rates are Louisiana (9.56 percent), Tennessee (9.55 percent), Arkansas (9.45 percent), Washington (9.38 percent), and Alabama (9.29 percent).
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What is form AR8453 ol?
If you choose to electronically file your State of Arkansas tax return by using one of the online web providers, you are required to complete the form AR8453-OL.
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