Tax Year 2023 Arkansas Income Tax Brackets
Tax Bracket | Tax Rate |
---|---|
$0.00+ | 2% |
$4,300.00+ | 4% |
$8,500.00+ | 4.9% |
Tax Bracket | Tax Rate |
---|---|
$0.00+ | 2% |
$4,300.00+ | 4% |
$8,500.00+ | 4.9% |
Both Arkansas' tax brackets and the associated tax rates were last changed two years ago in 2021. Arkansas' tax brackets are indexed for inflation, and are updated yearly to reflect changes in cost of living.
Arkansas has three marginal tax brackets, ranging from 2% (the lowest Arkansas tax bracket) to 4.9% (the highest Arkansas tax bracket). Each marginal rate only applies to earnings within the applicable marginal tax bracket , which are the same in Arkansas for single filers and couples filing jointly.
The Federal Income Tax, by contrast, has different tax brackets for Single, Married Filing Jointly, and Head of Household taxpayers.
How do Arkansas tax brackets work?
Technically, you don't have just one "tax bracket" - you pay all of the Arkansas marginal tax rates from the lowest tax bracket to the tax bracket in which you earned your last dollar. For comparison purposes, however, your Arkansas tax bracket is the tax bracket in which your last earned dollar in any given tax period falls.
You can think of the bracketed income tax as a flat amount for all of the money you earned up to your highest tax bracket, plus a marginal percentage of any amount you earned over that. The chart below breaks down the Arkansas tax brackets using this model:
For earnings between $0.00 and $4,300.00, you'll pay 2% |
For earnings between $4,300.00 and $8,500.00, you'll pay 4% plus $86.00 |
For earnings over $8,500.00, you'll pay 4.9% plus $254.00 |
For earnings between $0.00 and $4,300.00, you'll pay 2% |
For earnings between $4,300.00 and $8,500.00, you'll pay 4% plus $86.00 |
For earnings over $8,500.00, you'll pay 4.9% plus $254.00 |
Arkansas Income Tax Calculator
Arkansas Income Tax Estimator
You can use the income tax estimator to the left to calculate your approximate Arkansas and Federal income tax based on the most recent tax brackets.
Keep in mind that this estimator assumes all income is from wages, assumes the standard deduction, and does not account for tax credits.
For a more detailed estimate that takes these factors into account, click "View Detailed Estimate" (this will will redirect to an external website).
Arkansas Tax Deductions
When calculating your Arkansas income tax, keep in mind that the Arkansas state income tax brackets are only applied to your adjusted gross income (AGI) after you have made any qualifying deductions.
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.
Download .CSV file of AR income tax brackets
Compatible with Excel or database softwareDownload or print Arkansas income tax forms
AR income tax forms are available as PDFsArkansas Standard Deductions & Personal Exemption Amounts
In addition to marginal tax brackets, one of the major features of the Arkansas income tax is deductions. The three most common deductions encountered by taxpayers are the Arkansas Standard Deduction, the Arkansas Personal Exemption, and the Arkansas Dependent Deduction. The current values of these deductions for tax year 2023 are as follows:
Standard Deduction (Single) | Standard Deduction (MFJ) | Personal Exemption | Dependant Exemption |
---|---|---|---|
$2,270.00 | $4,540.00 | $29.00 * | $29.00 * |
The standard deduction, which Arkansas has, is a deduction that is available by default to all taxpayers who do not instead choose to file an itemized deduction.
The Personal Exemption, which is supported by the Arkansas income tax, is an additional deduction you can take if you (and not someone else) are primarily responsible for your own living expenses. Likewise, you can take an additional dependent exemption for each qualifying dependent (like a child or family member), who you financially support.
The Federal income tax also has a standard deduction, personal exemptions, and dependant deductions, though they are different amounts than Arkansas' and may have different rules.
Head over to the Federal income tax brackets page to learn about the Federal Income Tax, which applies in all states nationwide.
Sources & Citations
Disclaimer: While we do our best to keep this list of Arkansas income tax rates up to date and complete, we cannot be held liable for errors or omissions. Is info on this page missing or out-of-date? Please let us know so we can fix it!
The Arkansas tax brackets on this page have been updated for tax year 2023, and are the latest brackets available. States often adjust their tax brackets on a yearly basis, so make sure to check back later for Arkansas' updated tax year 2024 tax brackets!
Tax Data Sources:
- The Arkansas tax brackets on this page were last updated from the Arkansas Department of Revenue in 2023. Please contact us if any of our Arkansas tax data is incorrect or out of date.
- Arkansas tax return forms are available on the Arkansas tax forms page or the Arkansas Department of Revenue.
- Before the official 2024 Arkansas income tax brackets are released, the brackets used on this page are an estimate based on the previous year's brackets. These numbers are subject to change if new Arkansas tax tables are released.
- The Arkansas income tax estimator tool is provided by Tax-Rates.org .