Arkansas Income Tax 2024. According to state finance department projections, the tax cut will cost the state $186 million in fiscal 2024. The tax brackets in arkansas for the year 2023 start from as low as 0% for those earning up to $5,299 annually, which significantly helps individuals at the lower end of the income spectrum.
Arkansas, usa — in arkansas, dozens of state laws are going into effect beginning in 2024, including changes to state income taxes, unemployment, and healthcare. The legislature has approved numerous income tax cuts over the past several years, but the current tax reduction took effect immediately and applies to tax year 2024.
