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Residents of Texarkana, Arkansas are exempt from Arkansas income tax; wages and business income earned there by residents of Texarkana, Texas are also exempt. Arkansas's gross receipts tax and compensating tax rate is currently 6%. The state has also mandated that various services be subject to sales tax collection.
State income tax is imposed at a fixed or graduated rate on taxable income of individuals, corporations, and certain estates and trusts. ... Arkansas, individual and ...
This is a table of the total federal tax revenue by state, federal district, and territory collected by the U.S. Internal Revenue Service. Gross Collections indicates the total federal tax revenue collected by the IRS from each U.S. state, the District of Columbia, and Puerto Rico.
The federal income tax collected by the IRS applies to all Americans regardless of where you live, but the rules for state income tax rates and how those taxes are paid can be vastly different.
Residents of Arkansas are subject to the state’s graduated income tax rate of 2% to 4.4%, but there are quite a few exemptions. Military pensions are exempt from state income tax, as is the ...
For example, in Colorado, residents ages 65 and older have been able to fully deduct federally taxed Social Security benefits on their state income tax returns since tax year 2022. For 2025, that ...
Median household income and taxes State Tax Burdens 2022 % of income. State tax levels indicate both the tax burden and the services a state can afford to provide residents. States use a different combination of sales, income, excise taxes, and user fees. Some are levied directly from residents and others are levied indirectly. This table ...
Filers can use the online tool 24 hours after e-filing a tax year 2023 return, four days after e-filing a tax year 2022 or 2021 return, and four weeks after mailing a return.
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related to: arkansas income tax statusTaxAct is user-friendly, and very affordable - Doughroller