Important Information for 2012 Tax Filers
The State of Arkansas retroactively adopted IRC §163 and §408, part of the American Taxpayer Relief Act of 2012. For tax year 2012 these sections allow for a deduction of mortgage insurance premiums (PMI) and tax free distributions from an IRA for charitable purposes. Taxpayers who have already filed their 2012 returns but qualify to claim either or both of these tax provisions may amend their 2012 returns. Form AR1000F (full year resident) or AR1000NR (part year resident or nonresident) should be used to file an amended return.
Taxpayers claiming a deduction for PMI should report the amount on Line 26 of the Arkansas Itemized Deduction Schedule, Form AR3. Tax free distributions from an IRA for charitable purposes should be reported on Line 51 of Form AR1000F (full year resident) or AR1000NR (part year or nonresident). Income tax forms are available below or by calling the Individual Income Tax Section at (501) 682-1100 or (800) 882-9275.