In Arkansas, tax deadlines vary depending on the type of taxes. It is important to be aware of these deadlines to avoid penalties and fines. Below is a guide to help you understand when taxes are due in Arkansas.
1. When are income taxes due in Arkansas?
Income taxes in Arkansas are typically due on April 15th of each year. However, if April 15th falls on a weekend or holiday, the deadline is extended to the next business day.
2. What is the deadline for property taxes in Arkansas?
- Property taxes in Arkansas are due on October 15th of each year.
- If the deadline falls on a weekend, the due date is extended to the next business day.
3. When are sales taxes due in Arkansas?
Sales taxes in Arkansas are typically due on the 20th day of the month following the reporting period. For example, sales taxes collected in January are due on February 20th.
4. What is the deadline for estimated tax payments in Arkansas?
- Estimated tax payments in Arkansas are due quarterly on April 15th, June 15th, September 15th, and January 15th of the following year.
- If the due date falls on a weekend or holiday, the deadline is extended to the next business day.
5. When are employment taxes due in Arkansas?
Employment taxes, such as payroll taxes, are generally due on a monthly or quarterly basis. The specific deadline depends on the reporting period and can vary for each employer.
6. What is the deadline for corporate taxes in Arkansas?
| Corporate Tax Deadline | Due Date |
|---|---|
| Corporation Income Tax | 15th day of the 3rd month after the taxable year ends |
| Franchise Tax | May 1st of each year |
7. When are excise taxes due in Arkansas?
Excise taxes in Arkansas are typically due on the last day of the month following the reporting period. The specific due date can vary depending on the type of excise tax being filed.
Knowing the deadlines for various taxes in Arkansas is crucial for staying compliant with state regulations. Be sure to mark your calendar and file your taxes on time to avoid any penalties or fees.