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Retirement tax questions
As you had income from your employment related pension plan, you are entitled to a $6,000 exemption from the balance that is taxable in Arkansas.
The pension income can come from either private or government employer sponsored retirement plans.
(a) (1) The first six thousand dollars ($6,000) of benefits received by any resident of this state from an individual retirement account or the first six thousand dollars ($6,000) of retirement benefits received by any resident of this state from public or private employment-related retirement systems, plans, or programs, regardless of the method of funding for these systems, plans, or programs, shall be exempt from the state income tax.
2014 Arkansas Code Title 26 - Taxation
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‎February 5, 2020
11:33 AM