Arkansas homeowners could get an extra tax refund - KATV - Breaking News, Weather and Razorback Sports

Arkansas homeowners could get an extra tax refund

Posted: Updated:

LITTLE ROCK (KATV) - Homeowners could get an extra refund on their state taxes this year.

The American Taxpayer Relief Act of 2012 (ATRA) was signed into law by President Barack Obama on January 2. The ATRA extends individual tax deductions for mortgage insurance premiums (PMI) and tax free distributions from an IRA for charitable purposes for both tax years 2012 and 2013.

The State of Arkansas retroactively adopted those deductions. Any taxpayer who had already filed their 2012 returns but would qualify for either or both of these deductions can amend their 2012 returns using AR1000F for full year residents or AR1000NR for part year and nonresidents.

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 or AR1000NR.

You can get more information and download these forms by clicking here or calling (501) 682-1100 or (800) 882-9275. Phone assistance is available Monday through Friday from 8:00 a.m. until 4:30 p.m.

  • PoliticalMore>>

  • Justice Department: Texas voter ID discriminatory

    Justice Department: Texas voter ID discriminatory

    Tuesday, September 2 2014 7:24 PM EDT2014-09-02 23:24:26 GMT
    A Justice Department lawyer has told a federal judge that a tough new Texas voter ID law was motivated by racial discrimination and should be struck down.More >>
    A federal judge on Tuesday began reviewing tough new Texas voter ID rules challenged by the Obama administration in a trial that could threaten the polarizing law, although a decision isn't expected before the November...More >>
  • Alaska Senate hopefuls pull ads mentioning deaths

    Alaska Senate hopefuls pull ads mentioning deaths

    Tuesday, September 2 2014 7:11 PM EDT2014-09-02 23:11:34 GMT
    Television ads in the Alaska U.S. Senate race have been pulled by both parties' candidates after complaints from the family of two slaying victims.More >>
    Television ads in Alaska's U.S. Senate race have been pulled by the two major party candidates after complaints from the family of two slaying victims.More >>
  • NATO coalition in Afghanistan shrinking

    NATO coalition in Afghanistan shrinking

    Tuesday, September 2 2014 6:55 PM EDT2014-09-02 22:55:32 GMT
    Alongside the exodus of U.S. troops from Afghanistan, soldiers who hail from countries like Singapore and Slovenia, Mongolia and Malaysia have been packing up too, leaving behind an ever-shrinking NATO coalition.More >>
    Alongside the exodus of U.S. troops from Afghanistan, soldiers who hail from countries like Singapore and Slovenia, Mongolia and Malaysia have been packing up too, leaving behind an ever-shrinking NATO coalition.More >>