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The Arkansas Department of Finance and Administration (commonly DFA within the state) is a department of the government of Arkansas under the Governor of Arkansas.. The DFA is a cabinet level agency in the executive branch of government responsible for providing citizens with tax, licensure, or child support service and state agencies in their administration and budgeting.
The economy of Arkansas produced $176.24 billion of gross domestic product in 2023. [1] Six Fortune 500 companies are based in Arkansas, including the world's #1 corporation by revenue, Walmart. [8] Arkansas's per capita income for 2023 was $54,347, and the median household income was $55,432, which ranked 47th among U.S. states. [2] [9]
The following list of Arkansas state agencies includes the various Arkansas government branches and ... Office of State Revenue Administration; Boards and commissions
Arkansas. Median household income: $47,597. Total income taxes for single filer: $11,070. ... State income tax for single filer: $324. Bi-weekly check with all taxes: $1,964.
State federal district or territory Gross collections [1] (thousands of dollars) Alabama: 26,388,492 Alaska: 5,506,155 Arizona: 49,306,653 Arkansas: 31,673,081
The BEA defined GDP by state as "the sum of value added from all industries in the state." [1] Overall, in the calendar year 2024, the United States' Nominal GDP at Current Prices totaled at $29.017 trillion, as compared to $25.744 trillion in 2022.
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 ...
Free tax filing programs will typically only provide you with a Form 1040 and your state income tax form. If your return requires other forms, such as Schedule A for itemized deductions or ...