Do I have to file a state tax return in Arkansas?
Arkansas has a state income tax, meaning most who earned money in the state must file a return each spring. Here are the basics on Arkansas’ state income tax return filing process, according to resources from the state Department of Finance and Administration.
How long does it take to get state tax refund in Arkansas?
If you e-filed, your refund should be issued within twenty-one business days after acknowledgment of the receipt of the return. The average processing time for a complete paper tax return is up to 10 weeks from the time you mailed it. Please allow 10 weeks from the date you filed before calling.
When do I have to file my state tax return in Arkansas?
It’s automatic for all Arkansas taxpayers. While this year is a bit different, generally you must submit your Arkansas state tax return and any tax due by April 15 each year — the same deadline for filing federal tax returns to the IRS. If the 15th falls on a holiday or a weekend, the deadline moves to the next business day.
What happens if you dont pay state tax in Arkansas?
If you owe Arkansas state tax but don’t pay by the annual April deadline, the state charges interest of 10% per year on the unpaid balance. You could also be charged the following penalties: Failure to pay : A penalty of 1% of the tax owed per month if you haven’t paid all the tax you owe.
When do you need to file an extension in Arkansas?
When you’re ready to file Arkansas taxes, you’ll have to check the appropriate box on your state return to indicate that you filed a federal extension form. If you need a filing extension on only your Arkansas state tax return, you’ll need to mail state Form AR1055 before the April tax filing date to …
What’s the standard deduction for filing taxes in Arkansas?
Unless you use the low-income tax table, the amount of your Arkansas state standard deduction is based on your tax-filing status. $2,200 for single filers, head of household, married filing separately on the same return, married filing separately on different returns and qualifying widow (er)
