STATE OF ARKANSAS Department of Finance and Administration
REVENUE DIVISION Individual Income Tax Ledbetter Building, Room 2300 7th and Wolfe Streets Post Office Box 3628 Little Rock, Arkansas 72203-3628 Phone: (501) 682-1100 Fax: (501) 682-7692 www.dfa.arkansas.gov
2020 Indexed Tax Brackets
The new indexed tax tables are based on the following brackets:
If you use a formula to calculate Arkansas income tax, the results must match the table exactly. The calculations in the table are made at the midpoint of each income level.
EXAMPLE 1: For income level $75,900 to $76,000.
($75,900+$76,000)/2=$75,950 x .059 = $4,481.05 - $774.20 = $3,706.85 rounded to $3,707.00
Tax from table: $3,707.00
EXAMPLE 2: For income level $14,800 to $14,900.
($14,800 + $14,900)/2=$14,850 x .034 = $504.90 – $241.57 = $263.33 rounded to $263.00
Tax from table: $263.00 At Least But Not More Than Tax Rate $0 $4,699 0% $4,700 $9,199 2.0% minus $93.98 $9,200 $13,899 3.0% minus $185.97 $13,900 $22,899 3.4% minus $241.57 $22,900 $38,499 5.0% minus $427.71 $38,500 $82,000 5.9% minus $774.20 $82,001 $83,000 6.6% minus $1,255.70 $83,001 $84,000 6.6% minus $1,155.70 $84,001 $85,300 6.6% minus $1,055.70 $85,301 $86,400 6.6% minus $955.70 $86,401 $87,500 6.6% minus $855.70 $87,501 and above 6.6% minus $815.70