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State corporate tax return due dates vary, but most are due either on the same date or one month after the federal due date. Extensions of time to file are routinely granted. [85] Penalties may be imposed at the federal and state levels for late filing or non-filing of corporate income tax returns. [86]
The Arkansas Department of Finance and Administration (commonly DFA within the state) is a department of the government of Arkansas under the Governor of Arkansas.. The DFA is a cabinet level agency in the executive branch of government responsible for providing citizens with tax, licensure, or child support service and state agencies in their administration and budgeting.
Be sure to mark Apr. 15, 2025, as the tax payment deadline for your 2024 taxes and plan accordingly for both your federal income taxes and state taxes.
A second special session was called by Governor Sanders to cut taxes and fund the Arkansas Game and Fish Commission on June 17, 2024. The legislature reduced the top individual income tax rate to 3.9% and the state’s top corporate income tax rate to 4.3%, with no changes to lower income and middle income earners.
State income tax rates range from as low as 2.5% in Arizona to a high of 13.3% in California. But even if you live in a state with no income tax, you could get hit with a bill if you commute to a ...
Minnesota’s state income tax calculations are more complex than those of other states. The North Star State has four tax brackets, adding anywhere between 5.35% to 9.85% in taxes to your bill.