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Facts and figures about
taxes in Arkansas
5,913
CPAs across the state
3,011,524
Residents as of 2022
165,700
People claiming self- employment tax deductions
69,360
S-Corps statewide
74,830
People taking itemized deductions
158,120
People claiming the QBI deduction
😵💫 Arkansas CPAs cost a lot when there's only one for every 516 residents.
😓 19 million taxpayers were late filing taxes last year.
😨 Without a trained tax professional, 30 million Americans miss tax-saving deductions.
😣 Nearly half of Americans end up paying more tax than they have to.
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How to set up an LLC in Arkansas
Arkansas State Income Tax Rates & Brackets for 2023
The following tables represents Arkansas's income tax rates and tax brackets:
SINGLE FILER
Brackets
Rates
$0 - $4,300
2.00%
$4,300 - $8,500
4.00%
$8,500+
5.50%
MARRIED FILING JOINTLY
Brackets
Rates
$0 - $4,300
2.00%
$4,300 - $8,500
4.00%
$8,500+
5.50%
Filing Status
Standard Deduction Amt.
Single
$2,200
Couple
$3,300
Arkansas State Sales Tax Rates for 2023
County
Tax Rate
Arkansas County
11%
Ashley County
11%
Baxter County
9.88%
Benton County
9.75%
Boone County
9.50%
Bradley County
10.50%
Calhoun County
10%
Carroll County
9.38%
Chicot County
10.50%
Clark County
10%
Clay County
10%
Cleburne County
9.63%
Cleveland County
10.75%
Columbia County
10.38%
Conway County
11.25%
Craighead County
10.50%
Crawford County
10.25%
Crittenden County
11.25%
Cross County
10.50%
Dallas County
10%
Desha County
11%
Drew County
9.75%
Faulkner County
9.75%
Franklin County
10.50%
Fulton County
11.50%
Garland County
9.50%
Grant County
9.75%
Greene County
9.13%
Hempstead County
10%
Hot Spring County
11%
Howard County
10.25%
Independence County
10%
Izard County
11.50%
Jackson County
10.25%
Jefferson County
10%
Johnson County
9.50%
Lafayette County
9.75%
Lawrence County
11%
Lee County
9.50%
Lincoln County
11.50%
Little River County
11.38%
Logan County
10.50%
Lonoke County
11%
Madison County
10.50%
Marion County
10.25%
Miller County
10.25%
Mississippi County
11%
Monroe County
9.50%
Montgomery County
10.50%
Nevada County
9.50%
Newton County
9.50%
Ouachita County
10.50%
Perry County
10.25%
Phillips County
10.50%
Pike County
10%
Poinsett County
10.25%
Polk County
10.50%
Pope County
9.50%
Prairie County
11%
Pulaski County
9.50%
Randolph County
10%
Saline County
10.50%
Scott County
9.50%
Searcy County
9%
Sebastian County
11%
Sevier County
12.63%
Sharp County
10.88%
St Francis County
11.50%
Stone County
10%
Union County
9.75%
Van Buren County
9.63%
Washington County
10.75%
White County
10.25%
Woodruff County
9.50%
Yell County
9.63%
Arkansas State IRS Statistics of Income for 2020
Item
(All amounts are in 1000s of dollars)
Number of returns
Number of single returns
Number of joint returns
Number of head of household returns
Number of individuals
Adjusted gross income (AGI)
Total income: Number
Amount
Salaries and wages in AGI: Number
Amount
Business or profession net income (less loss): Number
Amount
Partnership/S-corp net income (less loss): Number
Amount
Self-employed health insurance deduction: Number
Amount
Student loan interest deduction: Number
Amount
Charitable contributions if took standard deduction: Number
Amount
Total itemized deductions: Number
Amount
State and local income taxes: Number
Amount
State and local general sales taxes: Number
Amount
Qualified business income deduction: Number
Amount
Child and dependent care credit: Number
Amount
Child and other dependent tax credit: Number
Amount
Self-employment tax: Number
Amount
Earned income credit: Number
Amount
Refundable education credit: Number
Amount
Recovery rebate credit: Number
Amount
Total tax liability: Number
Amount
Total additional Medicare tax: Number
Amount
Net investment income tax: Number
Amount
Tax due at time of filing: Number
Amount
Total overpayments: Number
Amount
All returns
1,351,370
619,420
494,070
206,030
2,601,710
83,014,315
1,314,050
83,824,682
1,068,130
54,135,235
221,270
1,981,329
69,360
4,154,413
27,550
190,676
68,800
48,876
326,730
88,211
74,830
5,253,422
62,690
923,364
10,940
23,935
158,120
1,057,745
41,890
23,260
338,710
680,119
165,700
427,083
288,910
732,056
51,260
43,260
267,430
394,377
903,110
9,682,962
20,760
36,856
25,360
345,314
237,220
1,260,033
1,065,050
3,585,936
Under $1
56,370
39,910
11,760
3,030
79,120
0
19,130
0
5,580
190,214
9,200
0
4,490
0
1,130
6,371
520
520
7,700
2,030
0
0
0
0
0
0
0
0
0
0
20
17
2,800
7,715
3,490
5,739
910
818
30,610
44,663
3,350
9,129
100
174
0
0
1,680
4,009
39,350
105,867
$1 under $10,000
184,120
141,050
19,930
19,670
222,160
909,931
184,040
938,151
124,280
681,551
31,500
88,019
2,160
0
1,530
5,069
1,550
1,128
18,710
4,761
1,160
23,872
380
718
600
569
240
120
0
0
110
44
25,180
17,659
65,410
89,143
6,470
5,413
56,860
88,402
29,310
19,134
0
0
0
0
12,540
6,361
149,540
248,627
$10,000 under $25,000
297,160
174,770
44,620
71,520
495,200
5,174,649
297,160
5,249,339
233,300
3,757,044
51,630
377,926
4,350
0
2,890
10,216
5,430
3,534
42,270
11,171
2,850
68,089
1,070
2,678
1,540
1,548
16,680
10,533
2,160
669
34,710
11,928
42,220
68,798
117,060
389,232
13,530
11,216
67,430
105,054
162,390
144,646
20
36
0
0
23,950
24,060
264,420
825,810
$25,000 under $50,000
340,340
160,480
89,430
79,100
651,130
12,227,185
340,340
12,343,218
297,160
9,902,394
43,260
336,311
7,510
32,711
4,340
19,863
17,590
11,301
72,740
19,476
7,320
182,249
4,370
9,008
2,630
3,916
34,860
52,009
9,920
5,620
118,340
148,109
30,900
72,140
98,700
245,579
11,640
9,703
47,630
67,666
254,020
558,474
40
33
0
0
48,680
64,603
289,770
903,827
$50,000 under $75,000
176,860
61,120
89,020
21,200
382,730
10,857,498
176,860
10,959,434
151,280
8,275,635
26,870
233,183
7,750
72,626
3,550
19,536
15,790
11,382
57,410
15,556
9,480
240,199
7,310
22,545
2,010
3,891
26,100
62,857
6,940
3,660
63,850
157,684
19,390
52,071
4,250
2,363
6,220
5,329
23,820
32,294
160,980
725,004
40
40
0
0
41,820
81,173
134,610
389,953
$75,000 under $100,000
108,230
21,840
78,080
6,570
264,770
9,369,613
108,230
9,455,355
92,310
6,892,387
18,920
187,641
7,330
102,388
2,840
17,953
11,350
8,137
44,560
12,229
9,110
244,977
7,720
32,832
1,270
2,961
20,540
64,382
7,170
4,029
42,610
125,679
13,820
42,030
0
0
4,700
4,019
16,060
19,333
105,510
748,203
40
127
0
0
30,120
79,636
77,910
261,282
$100,000 under $200,000
143,220
16,140
121,530
4,050
379,510
19,157,716
143,220
19,342,725
124,420
13,866,448
28,120
389,766
18,200
511,337
5,700
45,755
16,560
12,874
67,100
18,485
24,160
775,559
22,380
165,833
1,660
5,684
37,160
197,709
12,040
7,060
62,360
185,645
20,810
84,268
0
0
7,780
6,762
24,600
36,781
142,500
2,101,339
970
314
390
131
53,650
240,788
89,330
394,794
$200,000 under $500,000
37,260
3,320
32,910
740
105,040
10,631,007
37,260
10,759,194
33,000
6,961,165
9,330
324,494
12,430
1,113,950
3,930
43,945
0
0
14,420
3,992
15,500
647,528
14,610
249,988
840
3,908
17,480
251,031
3,250
1,957
16,650
50,946
8,030
54,844
0
0
0
0
420
184
37,250
1,802,203
14,570
11,308
18,190
18,417
20,410
277,739
16,750
178,651
$500,000 under $1,000,000
5,410
490
4,760
100
15,570
3,632,826
5,410
3,677,336
4,770
1,972,619
1,680
127,295
3,290
758,769
1,060
14,016
0
0
1,390
390
3,470
223,092
3,210
133,557
240
894
3,260
100,682
330
214
60
67
1,720
15,730
0
0
0
0
0
0
5,410
862,144
3,560
11,423
4,620
19,061
3,140
160,648
2,240
75,682
$1,000,000 or more
2,400
290
2,030
40
6,480
12,849,751
2,400
12,875,002
2,040
1,635,778
770
65,831
1,850
2,006,169
590
7,952
0
0
440
121
1,790
2,847,857
1,640
306,205
140
564
1,790
318,422
70
51
0
0
850
11,828
0
0
0
0
0
0
2,400
2,712,686
1,430
13,401
2,160
307,705
1,240
321,016
1,140
201,443
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