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

State of Arkansas Indexed Tax Brackets Tax Year 2023

2023 Indexed Tax Brackets

The new indexed tax tables are based on the following brackets:

Tax Brackets From Less Than or Equal To Percentage Minus Adjustment $0 $5,299 0.00%

$5,300 $10,599 2.00% $105.98 $10,600 $15,099 3.00% $211.97 $15,100 $24,999 3.40% $272.37 $25,000 $89,600 4.70% $597.35 $89,601 $89,700 4.70% $583.70 $89,701 $89,800 4.70% $573.70 $89,801 $89,900 4.70% $563.70 $89,901 $90,000 4.70% $553.70 *$90,001 *$90,200 4.70% $543.70 $90,201 $90,300 4.70% $533.70 $90,301 $90,400 4.70% $523.70 $90,401 $90,500 4.70% $513.70 $90,501 $90,600 4.70% $503.70 $90,601 $90,700 4.70% $493.70 $90,701 $90,800 4.70% $483.70 $90,801 $90,900 4.70% $473.70 *$90,901 *$91,100 4.70% $463.70 $91,101 $91,200 4.70% $453.70 $91,201 $91,300 4.70% $443.70 $91,301 $91,400 4.70% $433.70 $91,401 $91,500 4.70% $423.70 $91,501 $91,600 4.70% $413.70 $91,601 $91,700 4.70% $403.70 $91,701 $91,800 4.70% $393.70 $91,801 $91,900 4.70% $383.70 $91,901 $92,000 4.70% $373.70 $92,001 $92,100 4.70% $363.70 $92,101 $92,200 4.70% $353.70 $92,201 $92,300 4.70% $343.70 $92,301 $92,400 4.70% $333.70 $92,401 $92,500 4.70% $323.70 $92,501 $92,600 4.70% $313.70

State of Arkansas Indexed Tax Brackets Tax Year 2023

From Less Than or Equal To Percentage Minus Adjustment $92,601 $92,700 4.70% $303.70 $92,701 $92,800 4.70% $293.70 $92,801 $92,900 4.70% $283.70 $92,901 $93,000 4.70% $273.70 $93,001 $93,100 4.70% $263.70 $93,101 $93,200 4.70% $253.70 $93,201 $93,300 4.70% $243.70 $93,301 $93,400 4.70% $233.70 $93,401 $93,500 4.70% $223.70 $93,501 $93,600 4.70% $213.70 *$93,601 *$93,800 4.70% $203.70 $93,801 $93,900 4.70% $193.70 $93,901 $94,000 4.70% $183.70 $94,001 $94,100 4.70% $173.70 $94,101 $94,200 4.70% $163.70 $94,201 $100,000 4.70% $153.70 $100,001 and above 4.70% $153.70

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 .047 = $3,569.65 - $597.35 = $2,972.30 rounded to $2,972.00

Tax from table: $2,972.00

EXAMPLE 2: For income level $14,800 to $14,900.

($14,800 + $14,900)/2=$14,850 x .030 = $445.50 – $211.97 = $233.53 rounded to $234.00

Tax from table: $234.00

NOTE:

The income ranges indicated with an asterisk (*) extend an extra $100 intentionally. Ark. Code Ann. 26-51-201(d)(1) requires each bracket to be increased annually by the cost-of-living adjustment, rounding to the nearest $100. Depending on the bracket amount, rounding up or down may occur in different intervals.