Arkansas Paycheck Calculator
Calculate your take-home pay after federal & Arkansas taxes
Updated for 2023 tax year on Mar 15, 2023
Paycheck calculators by state
Paycheck calculator for Arkansas
Overview of Arkansas
Arkansas has a population of over 3 million (2019) and its economy is based on service industries, aircraft, poultry, steel, and tourism. The state has over 600,000 acres of lakes. The median household income is $45,869 (2017).
Brief summary:
- the income tax rate ranges from 0% to 5.5%
- no state payroll taxes
- has standard deductions and exemptions
From Wikipedia
Understanding your Arkansas paycheck
The core of your Arkansas paycheck comprises federal income taxes and FICA taxes. Federal income tax withholding depends on your income, filing status, and exemptions, while FICA taxes fund Social Security and Medicare. Employees and employers share the burden of FICA taxes, with employees typically contributing 7.65% of their wages (6.2% for Social Security and 1.45% for Medicare).
The W-4 form is a crucial document that helps your employer determine the correct amount of federal income tax to withhold from your paycheck. It considers your filing status, income, and dependents and should be updated whenever your financial situation changes, such as getting married or having a child.
Your marital status and pre-tax deductions play a significant role in shaping your financial strategy. Pre-tax deductions, such as contributions to 401(k) plans and Health Savings Accounts (HSAs), are taken out of your gross pay before taxes are calculated. These contributions reduce your taxable income and lower your tax burden.
Arkansas state operates on a progressive income tax system, with multiple tax brackets based on income levels. The more you earn, the higher your marginal tax rate is.
Arkansas offers state standard deductions and exemptions, which vary depending on your filing status. These deductions and exemptions help reduce your taxable income, potentially lowering tax liabilities. Understanding these local tax rules is essential for properly managing your finances.
Post-tax deductions are the last piece of the paycheck puzzle. These deductions are taken out of your pay after taxes have been calculated. Items such as union dues, charitable donations, and wage garnishments are considered post-tax deductions. Awareness of these deductions is crucial for accurately assessing your take-home pay and making informed financial decisions.
Calculate your Arkansas paycheck
Arkansas tax year starts from July 01 the year before to June 30 the current year. So the tax year 2022 will start from July 01 2021 to June 30 2022.
Calculating your Arkansas state income tax is similar to the steps we listed on our Federal paycheck calculator:
- figure out your filing status
- work out your adjusted gross income [Net income – Adjustments = Adjusted gross income]
- calculate your taxable income [Adjusted gross income – (Standard/Itemized deductions + Exemptions) = Taxable income]
- understand your income tax liability [Taxable income × Income tax rate = Income tax liability]
- minus any tax liability, deductions, withholdings [Net income – (Income tax liability + Pre-tax deductions + Post-tax deductions + Withholdings) = Your paycheck]
State payroll tax
There are no state payroll taxes in Arkansas.
State income tax brackets
Refer to Tax Foundation for more details.
| Tax year | Filing status | Taxable income | Rate |
|---|---|---|---|
| 2022 | Single Married, Filing Jointly or Widow(er) Married, Filing Separately Head of Household |
Income less than $22,200 | |
| $0 – $4,999 | 0% | ||
| $5,000 – $9,999 | 2% | ||
| $10,000 – $14,299 | 3% | ||
| $14,300 – $23,599 | 3.4% | ||
| $23,600 – $39,699 | 5% | ||
| $39,700 and above | 5.5% | ||
| Income between $22,200 and $79,300 | |||
| $0 – $4,300 | 2% | ||
| $4,301 – $8,500 | 4% | ||
| $8,501 and above | 5.5% | ||
| 2021 | Single Married, Filing Jointly or Widow(er) Married, Filing Separately Head of Household |
$0 – $4,000 | 2% |
| $4,000 – $8,000 | 4% | ||
| $8,000+ | 5.9% | ||
| 2020 | Single Married, Filing Jointly or Widow(er) Married, Filing Separately Head of Household |
Income less than $22,200 | |
| $0 – $4,499 | 0% | ||
| $4,500 – $8,899 | 2% | ||
| $8,900 – $13,399 | 3% | ||
| $13,400 – $22,199 | 3.4% | ||
| Income between $22,200 and $79,300 | |||
| $0 – $4,499 | 0.75% | ||
| $4,500 – $8,899 | 2.5% | ||
| $8,900 – $13,399 | 3.5% | ||
| $13,400 – $22,199 | 4.5% | ||
| $22,200 – $37,199 | 5% | ||
| $37,200 – $79,300 | 6% | ||
| Income greater than $79,300 | |||
| $0 – $4,000 | 2% | ||
| $4,001 – $8,000 | 4% | ||
| $8,001 – $79,300 | 5.9% | ||
| $79,301+ | 6.6% | ||
Taxpayers with incomes in certain ranges will reduce their income tax by deducting a bracket adjustment below:
| Tax year | Filing status | Taxable income | Rate |
|---|---|---|---|
| 2021 | Single Married, Filing Jointly or Widow(er) Married, Filing Separately Head of Household |
$79,301 – $80,300 | $440 |
| $80,301 – $81,300 | $340 | ||
| $81,301 – $82,500 | $240 | ||
| $82,501 – $83,600 | $140 | ||
| $83,601 – $84,600 | $40 | ||
| $84,601 and above | $0 |
State standard deduction
| Tax year | Filing status | Standard deduction amount |
|---|---|---|
| 2022 2021 |
Single Married, Filing Separately Head of Household |
$2,200 |
| Married, Filing Jointly | $4,400 | |
| 2020 | Single Married, Filing Separately Head of Household |
$2,200 |
| Married, Filing Jointly | $4,400 |
State exemptions
| Tax year | Filing status | Personal exemption amount | Comments |
|---|---|---|---|
| 2022 2021 |
Single Married, Filing Separately Head of Household |
$29 | As tax credit |
| Married, Filing Jointly | $58 | As tax credit | |
| Dependent(s) | $29 | As tax credit | |
| 2020 | Single Married, Filing Separately Head of Household |
$26 | As tax credit |
| Married, Filing Jointly | $52 | As tax credit | |
| Dependent(s) | $26 | As tax credit |
FAQs
What taxes do Arkansans pay?
The only state-level tax is the income tax rate (0% to 5.5%). There are no additional state-level payroll taxes.
How much do you make after taxes in Arkansas?
The annual take-home pay is $36,525 for a single filer who earns $46,000.
A married couple with an annual income of $92,000 will take home $72,836.50 after taxes.
How much taxes will get deducted from a $46,000 paycheck in Arkansas?
The total taxes deducted for a single filer are $737.94 monthly or $340.59 bi-weekly.