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 2024

2024 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 $5,499 0.00%

$5,500 $10,899 2.00% $109.98 $10,900 $15,599 3.00% $218.97 $15,600 $25,699 3.40% $281.37 $25,700 $92,300 3.90% $409.86 $92,301 $92,400 3.90% $397.40 $92,401 $92,500 3.90% $387.40 $92,501 $92,600 3.90% $377.40 $92,601 $92,700 3.90% $367.40 $92,701 $92,800 3.90% $357.40 $92,801 $92,900 3.90% $347.40 $92,901 $93,000 3.90% $337.40 $93,001 $93,100 3.90% $327.40 $93,101 $93,200 3.90% $317.40 $93,201 $93,300 3.90% $307.40 $93,301 $93,400 3.90% $297.40 $93,401 $93,500 3.90% $287.40 $93,501 $93,600 3.90% $277.40 $93,601 $93,700 3.90% $267.40 $93,701 $93,800 3.90% $257.40 $93,801 $93,900 3.90% $247.40 $93,901 $94,000 3.90% $237.40 $94,001 $94,100 3.90% $227.40 $94,101 $94,200 3.90% $217.40 $94,201 $94,300 3.90% $207.40 *$94,301 *$94,500 3.90% $197.40 $94,501 $94,600 3.90% $187.40 $94,601 $94,700 3.90% $177.40 $94,701 $94,800 3.90% $167.40

State of Arkansas Indexed Tax Brackets Tax Year 2024

Over But Not Over Percentage Minus Adjustment $94,801 $94,900 3.90% $157.40 $94,901 $95,000 3.90% $147.40 $95,001 $95,100 3.90% $137.40 $95,101 $95,200 3.90% $127.40 $95,201 $95,300 3.90% $117.40 $95,301 $95,400 3.90% $107.40 $95,401 $95,500 3.90% $97.40 $95,501 and over 3.90% $87.40

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 .039 = $2,962.05 - $409.86 = $2,552.19 rounded to $2,552.00

Tax from table: $2,552.00

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

($14,800 + $14,900)/2=$14,850 x .030 = $445.50 – $218.97 = $226.53 rounded to $227.00

Tax from table: $227.00

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.