Arkansas Standard Deduction 2025. The standard deduction will be cut roughly in half, the personal exemption will return while the child tax credit (ctc) will be cut. When governor asa hutchinson (r) announced his plan on october 19 for a fourth tax reform, he prioritized three components:
When governor asa hutchinson (r) announced his plan on october 19 for a fourth tax reform, he prioritized three components: The standard deduction will be cut roughly in half, the personal exemption will return while the child tax credit (ctc) will be cut.
The Tax Cuts And Jobs Act Nearly Doubled The Standard Deduction And Eliminated Or Restricted Many Itemized Deductions In 2018 Through 2025.
Unlike many other states, has no standard deduction.
Unless Congress Decides To Act, Lots Of Tax Changes Will Take Effect In 2026, Including Higher Tax Rates And Lower.
Personal income tax rates for tax year beginning january 1, 2024.
Arkansas Standard Deduction 2025 Images References :
Cutting The State's Top Individual Income Tax Rate From 4.7% To 4.4%, Effective Jan.
The standard deduction for individuals will remain $2,200 and $4,400 for a married couple filing jointly, hardin said.