The Arkansas Governor signed a law concerning the individual income tax deduction for a teacher’s classroom investment. The law includes increasing the income tax deduction to $1,000 per taxpayer, or $2,000 for married taxpayers filing jointly who are both teachers. The law takes effect 91 days after the final adjournment of the legislative session and the deduction is effective for tax years beginning on or after Jan. 1, 2025. [H.B. 1732, enacted 04/17/25]
This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.
