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People also ask
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Do I have to file Arkansas state income tax?
Any PY resident who received any gross income while an Arkansas resident must file a return, regardless of filing status or gross income amount.
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Do you have to pay state income tax in Arkansas?
Arkansas has a graduated state individual income tax, with rates ranging from 2.00 percent to 4.40 percent. Arkansas has a graduated corporate income tax, with rates ranging from 1.0 percent to 4.8 percent.
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What is the standard deduction for Arkansas state income tax?
The standard deduction in Arkansas is lower than the federal standard deduction. The state's standard deduction is $2,270 for tax year 2023 and $2,340 for tax year 2024. For married persons filing jointly, it is twice that amount.
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Do I need to file an Arkansas tax return?
Nonresidents must file if they received any taxable income from Arkansas sources. Gross income is all income other than income specifically described as exempt from tax (see below). Exception: The $6,000 exemption on retirement income and the exemption on military income are included in gross income.
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Do I need to file an Arizona nonresident tax return?
Nonresident individuals must file income tax returns in both Arizona and their home state. Although it may appear as though a nonresident taxpayer is paying taxes twice on the same income because of reporting requirements, credits allowed offset that income.
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Does Arkansas have state income tax for retirees?
Arkansas is tax-friendly toward retirees. Social Security income is not taxed. Withdrawals from retirement accounts are partially taxed. Wages are taxed at normal rates, and your marginal state tax rate is 3.40%.
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What form is amended return in Arkansas?
How to File an Amended Arkansas Return. If you need to change or amend an accepted Arkansas State Income Tax Return for the current or previous Tax Year, you need to completeForm AR1000F (residents) or Form AR1000NR (nonresidents and part-year residents). Forms AR1000F and AR1000NR are Forms used for the Tax Amendment.
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What is the deadline to file state taxes in Arkansas?
There is no extension to pay. If the tax owed is not paid by April 15, 2024, you will incur penalties and interest until the tax is paid in full. The due date for filing your Arkansas Individual Income Tax return is April 15. If April 15 falls on a weekend or holiday, your return is due on the next business day.
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