Dicamba use could be shelved for farmers in 2024

by George Jared (gjared@talkbusiness.net)

Farmers may not be able to use the dicamba herbicide during the 2024 growing season. A federal court in Arizona on Tuesday (Feb. 6) blocked the use of three dicamba products – XtendiMax, Engenia and Tavium.

It’s not certain if or when the decision will be appealed and its unknown what the timeline for when the products will be removed, said Harrison Pittman, the director of the National Agricultural Law Center. Pittman told attendees at the Arkansas State University Agribusiness Conference on Wednesday (Feb. 7) morning he was surprised how quickly the court ruled.

“When I woke up yesterday, I would have told you that you are a long way off on a decision,” he said. “When I got off my flight they had issued a decision. It stunned me. They ruled that the EPA didn’t properly register the products. They are ordering it to be vacated from the market.”

Dicamba use could be shelved for farmers in 2024

Boozman applauds $7 Million federal investment in Northeast Arkansas

WASHINGTON – U.S. Senators John Boozman (R-AR) welcomed an announcement from the Economic Development Administration (EDA) that it is awarding grants totaling $7 million to two communities in northeast Arkansas.

The EDA, an agency within the U.S. Department of Commerce, is investing in healthcare workforce development in Newport and infrastructure improvements in Trumann:

-       Arkansas State University-Newport will receive a $5 million EDA grant to support construction of a 24,000-square foot Nursing and Health Sciences workforce training center. The project will be matched with $1.3 million in local funds and is expected to create 225 jobs, according to grantee estimates. 

-       The city of Trumann will receive a $2 million EDA grant for construction of a new water treatment facility and ground water storage tank, to support current residents and businesses while providing capacity for future industrial growth. The project will be matched with $500,000 in local funds.

“Sustaining rural communities requires strategic investment that helps create opportunities and enhance quality of life. I’m pleased Trumann and Newport are both benefiting from this federal support to ensure future growth. The assistance with water infrastructure modernization and new access to medical training will serve not only their needs, but help lead the region toward increased economic development and advancement,” said Boozman

“These EDA investments will support workforce development and infrastructure improvements, creating jobs and fostering business expansion in Northeast Arkansas,” said Secretary of Commerce Gina Raimondo.

“The Economic Development Administration plays an important role in supporting locally developed strategies designed to create economic opportunity,” said Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo. “EDA is proud to support these Arkansas communities as they work to provide new economic opportunities for residents and businesses that benefit the entire region.”

The projects were made possible by the regional planning efforts led by the White River Planning and Development District, Inc. (WRPDD) and the East Arkansas Planning and Development District (EAPDD). EDA funds WRPDD and EAPDD to bring together the public and private sectors to create an economic development roadmap to strengthen the regional economy, support private capital investment and create jobs.

The grants are funded under the Disaster Relief Supplemental Appropriations Act, 2023, which provided EDA with $483 million in additional Economic Adjustment Assistance (EAA) Program funds for disaster relief and recovery for areas that received a major disaster declaration under the Robert T. Stafford Act as a result of Hurricanes Ian and Fiona, wildfires, flooding, and other natural disasters occurring in calendar years 2021 and 2022.

Natural gas consumption hits high amid cold January

by Jeff Della Rosa (JDellaRosa@nwabj.com)

U.S. natural gas consumption rose to a record high of 118 billion cubic feet per day in January, according to the U.S. Energy Information Administration (EIA). Cold weather increased demand and reduced natural gas production, which led to high inventory withdrawals.

The EIA released Tuesday (Feb. 6) the Short-Term Energy Outlook for February that shows natural gas inventories are expected to remain above the previous five-year average, despite the high withdrawals in January. The inventories are projected to be 15% higher at the end of this winter compared to the previous five-year average because of forecasted milder weather.

U.S. natural gas production is expected to rise to 105 billion cubic feet per day in February and remain near that level for the rest of 2024. This is expected to result in prices falling from an average of $3.18 per million British thermal units in January to about $2.40 per million British thermal units in February and March.

Natural gas consumption hits high amid cold January

State of the State 2024: Amid Republican dominance, citizens turn to petitions

by John Brummett (jbrummett@arkansasonline.com)

Editor’s note: The State of the State series provides reports twice a year on Arkansas’ key economic sectors. The series publishes stories to begin a year and stories in July/August to provide a broad mid-year update on the state’s economy. Link here for the State of the State page and previous stories.

The group is “ridiculously diverse,” as former flame-throwing Republican state Rep. Nate Bell, now an iconoclastic independent activist revealing a thoughtful side, puts it.

He’s the person who kind of started it – the drafting committee, that is, for a citizens’ initiative for a constitutional amendment to guarantee freedom of information. The group seeks to enshrine the late Gov. Winthrop Rockefeller’s proud Freedom of Information statute of the late 1960s in the state Constitution. It seeks to protect the people’s right to know from the ruling politicians’ interest in running the government with the convenience of secrecy.

State of the State 2024: Amid Republican dominance, citizens turn to petitions

Aerospace Alliance, 189th Wing collaborating to recruit skilled personnel

by Steve Brawner (BRAWNERSTEVE@MAC.COM)

Mark Bremer’s path to becoming vice president of industrial programs for Dassault Falcon Jet started 38 years ago at the Little Rock Air Force Base. On Feb. 2, he was back hoping to find skilled employees among Air Guard and Air Force personnel.

Bremer was at the Air Force base for the Arkansas Aerospace and Defense Alliance Industry Day. Twenty Alliance companies set up booths in a hangar next to a C-130 troop transport as guests of the Air National Guard’s 189th Airlift Wing.

The companies and the wing both had the same goals: connecting and recruiting.

Members of the wing’s full-time and part-time personnel visited the booths. Members of the Arkansas Army National Guard and full-time Air Force personnel also were scheduled to visit it.

Aerospace Alliance, 189th Wing collaborating to recruit skilled personnel

Officials stand in front of a Dassault Falcon 8x Jet.

Arkansas marijuana, patient group resubmits ballot proposal to increase access to medical cannabis

KUAR | By Hunter Field / Arkansas Advocate

From the Arkansas Advocate:

A marijuana industry and patient group has resubmitted language to the attorney general for a ballot measure to expand access to medical cannabis in Arkansas.

Attorney General Tim Griffin rejected the first version of the Arkansas Medical Cannabis Amendment of 2024 due to improper formatting and ambiguities about how the measure would affect existing state laws and rules.

Arkansans for Patient Access on Monday submitted new versions of the proposed constitutional amendment, ballot title and popular name with mostly technical changes, but the new version would also preclude the state Legislature from making changes to constitutional amendments.

Arkansas marijuana, patient group resubmits ballot proposal to increase access to medical cannabis

Eddie Joe Williams resigns from Corrections post

by Roby Brock (roby@talkbusiness.net)

Former State Senator Eddie Joe Williams, who was recently tabbed for an interim post with the Board of Corrections, has resigned.

Williams sent a letter to the board that reads:

“As we have previously discussed, if I was unable to accomplish my goals while working with the Department of Corrections, I would gladly step aside. Numerous times before and during our executive meeting, we discussed the goals of expanding prison beds, hiring and retaining employees and bringing stakeholders together. I regretfully find myself in the position today that I am unable to accomplish those and must step aside.

Eddie Joe Williams resigns from Corrections post

Arkansas child sexual abuse survivors able to file civil claims at any age

KUAR | By Nathan Treece

Survivors of child sexual abuse in Arkansas have a new opportunity to seek civil justice against their abusers. State Sen. David Wallace, R-Leachville, held a press conference Tuesday morning announcing a new two-year “lookback window” that began February 1, allowing victims of any age to bring their claims forward.

This opportunity for claims comes on the heels of the first window's expiration on January 31, which was put in place under the Justice for Vulnerable Victims of Sexual Abuse Act introduced in 2021 by Wallace and Rep. Jimmy Gazaway, R-Paragould.

"During the past two years, 2022 to 2024, more than 20 civil legal claims were filed on behalf of over 100 survivors of childhood sexual abuse in the state of Arkansas," Wallace said.

Arkansas child sexual abuse survivors able to file civil claims at any age

Nathan Treece/Little Rock Public Radio

State Sen. David Wallace, R-Leachville, announces a new two-year window for survivors of child sex abuse to file civil claims.

Arizona federal court vacates over-the-top dicamba registration

By Drew Viguet
National Agricultural Law Center
U of A System Division of Agriculture

FAYETTEVILLE, Ark. — A federal court in Arizona has overturned the 2020 dicamba registrations that allowed over-the-top applications of three dicamba products, XtendiMax, Engenia and Tavium, leaving a cloud of uncertainty for farmers and defendants.

Tuesday’s decision is the latest in an almost decade-long legal back-and-forth over the availability and use of dicamba.

ROLLINS: Arizona court decision leaves uncertainty for farmers, defendants. (U of A System Division of Agriculture file photo)

In an order from the U.S. District Court of Arizona, the court concluded that the U.S. Environmental Protection Agency failed to comply with the Federal Insecticide, Fungicide, and Rodenticide Act, or FIFRA’s, public notice-and-comment requirements when approving a “new use” of dicamba. The court order is available online.

Dicamba is an herbicide that targets broad-leafed plants and is used to combat weeds that have grown resistant to glyphosate, including palmer amaranth, commonly known as pigweed. Prior to 2016, dicamba has been used as a pre-emergent, meaning that it was applied to the ground in late winter or early spring before crops were planted. Older forms of dicamba were prone to volatility causing the pesticide to move off target and damage nearby fields. By applying dicamba as a pre-emergent, risk of off-target damage was greatly reduced. However, in 2015, Monsanto Co., which is now part of Bayer, released a line of soybean and cotton seeds engineered to be resistant to dicamba. The following year, EPA approved over-the-top use of dicamba for the first time. Several companies brought dicamba products to market.

“The decision to approve over-the-top use of dicamba was very controversial,” Brigit Rollins, staff attorney for the National Agricultural Law Center, said. “Lawsuits challenging that decision were filed almost right away.”

According to Bayer’s website, its dicamba products are registered for use in all but 14 of the 48 contiguous states, including Arkansas.

The Feb. 6 court order from the U.S. District Court of Arizona is not the first time the dicamba registration has been vacated. In June 2020, the U.S. Ninth Circuit Court of Appeals vacated the then-current dicamba registration for violating FIFRA. Following that cancel order, EPA re-registered dicamba for over-the-top use through 2025. Once again, the same parties that had challenged the previous dicamba registration filed a lawsuit against EPA for re-approving over-the-top use.

Wait and see
For now, it’s a wait-and-see situation for farmers who use the products and the defendants.

In an online statement, defendant-intervenor Bayer, said “We respectfully disagree with the ruling against the EPA's registration decision, and we are assessing our next steps. We also await direction from the EPA on important actions it may take in response to the ruling.”

“Now that the court has issued its decision, we’re waiting to see what both EPA and the defendants will do next,” Rollins said. “Last time around, EPA issued its formal cancellation order pretty quickly after the decision, but the agency did allow people who had already purchased dicamba for the 2020 growing season to use up their existing stocks. We’re waiting to see if EPA will do the same on this go around.”

Rollins added that it’s likely the defendants will appeal this ruling.

“If they do, we’ll be waiting to see whether the district court’s ruling is stayed while the appellate court considers the case,” she said.

While the timeline on EPA’s response to the court’s order is uncertain, the decision by the Arizona federal court indicates a forthcoming Notice of Intent to Cancel over-the-top use of dicamba. Currently, Arizona is the only state in the Ninth Circuit where dicamba is available for over-the-top use.

Mention of product names does not imply endorsement by the University of Arkansas System Division of Agriculture.

More on the history of dicamba can be found on the NALC website in a series authored by Rollins, “The Deal with Dicamba.”

Rollins is set to discuss the future of pesticides in the western U.S. at the Western Agricultural and Environmental Law Conference. The event will be held at the University of Nevada, Reno, on June 13-14 with a livestream option available. Conference information and registration is available online.  

For information about the National Agricultural Law Center, visit nationalaglawcenter.org or follow @Nataglaw on x. The National Agricultural Law Center is also on Facebook and LinkedIn.

For updates on agricultural law and policy developments, subscribe free of charge to The Feed, the NALC’s newsletter highlighting recent legal developments facing agriculture, which issues twice a month.

About the National Agricultural Law Center
The National Agricultural Law Center serves as the nation’s leading source of agricultural and food law research and information. The NALC works with producers, state and federal policymakers, Congressional staffers, attorneys, land grant universities, and many others to provide objective, nonpartisan agricultural and food law research and information to the nation’s agricultural community.

The NALC is a unit of the University of Arkansas System Division of Agriculture and works in close partnership with the USDA Agricultural Research Service, National Agricultural Library.

Aerial Lineman Training Center at UA Cossatot Holds Grand Opening in De Queen

The University of Arkansas Cossatot hosted a grand opening event at its Aerial Lineman Training Center in De Queen on Thursday, February 1. UAC Chancellor Dr. Steve Cole welcomed the crowd, including the current aerial lineman class and community and industry leaders. Dr. Cole explained the program’s history and the extensive efforts invested in its establishment, saying, “Short-term programs that give people wonderful skills and employees that want to hire them after four weeks of training, that a huge part of the future of Arkansas.” In addition, Dr. Cole announced the college had written a multi-million dollar grant to establish a fiber optic network engineering program at UA Cossatot. In Cole’s words, “We think this would be a perfect way to augment what we are already doing with the Aerial Lineman program.”

Among the guest speakers was Stephanie Isaacs, Director of the Arkansas Office of Skills Development, who discussed the partnership with UA Cossatot and her office’s role in procuring essential trucks and equipment for the program.

Rick Giesler, Division Director of Compliance with Ervin Cable Construction, told the audience, “Programs like this are instrumental in us being able to make our industry safer, to make our industry a better place, to drive better wages so these young people can have a home.”

Scottie Morris, co-creator of the curriculum with Luke Ervin of Ervin Cable Construction and Jeff Tollett of Southwest Arkansas Electric Cooperative, talked about his role in starting the program. He said the day after he retired, he received a call from Dr. Cole, who asked him to come on board to help the college train aerial linemen. Morris agreed, and a former parking lot near the UAC Amphitheater was picked as the site for the pole-training yard. In Morris’ closing remarks, he said, “I believe a lot of good things will come out of this lot.”

Representatives from Bridgepoint Communications, Systems Services Broadband, Ervin Cable Construction, Four States Fiber Internet, NEA Construction, and Desert Media Group were among the attendees. Notable figures such as State Representative Deann Vaught, Kyla Waters, Arkansas Community Colleges Center for Workforce Director, and Kamelle Gomez from the Arkansas State Broadband Office attended.

The Aerial Lineman Program at UA Cossatot is currently under the direction of Dennis Davis. He has over 43 years of experience in the telecommunications industry and utilizes a combination of classroom and hands-on field experiences co-designed with employers to equip students with the knowledge, skills, and abilities they seek when hiring an aerial lineman to install, maintain, and repair telecommunications infrastructure.

UA Cossatot is an Arkansas Fiber Academy training location. The Arkansas Fiber Academy is a partnership between Arkansas Community Colleges, the Arkansas Office of Skills Development, and the Arkansas State Broadband Office.

To find out more about the UA Cossatot Aerial Lineman Training program, visit www.cccua.edu or contact Continuing Education Services at ContinuingEducation@cccua.edu or (870) 584-1178.

State of the State 2024: Mixed bag predicted for retail sector in 2024

by Kim Souza (ksouza@talkbusiness.net)

Editor’s note: The State of the State series provides reports twice a year on Arkansas’ key economic sectors. The series publishes stories to begin a year and stories in July/August to provide a broad mid-year update on the state’s economy. Link here for the State of the State page and previous stories.

A U.S. recession never happened in 2023 and retailers managed to post holiday sales growth of 3.8% to $964.4 billion according to the National Retail Federation (NRF). For the full year, NRF reports retail sales increased 3.6% to a record $5.13 trillion.

“Consumer spending was remarkably resilient throughout 2023 and finished the year with a solid pace for the holiday season,” NRF Chief Economist Jack Kleinhenz said. “Although inflation has been the biggest concern for households, the price of goods eased notably and was helped by a healthy labor market, underscoring a successful holiday season for retailers.”

State of the State 2024: Mixed bag predicted for retail sector in 2024

Teenage Researcher Leads UAMS Parkinson’s Study Published in Scientific Reports

By David Robinson

LITTLE ROCK — Eighteen-year-old Anu LArkyer, the recent Little Rock Central High School graduate and machine-learning sensation collaborating with a University of Arkansas for Medical Sciences (UAMS) research team, is the lead author on a publication in Scientific Reports, part of the Nature portfolio journals.

She was joined as co-first author by UAMS’ Aaron Kemp, MBA, a Ph.D. student in the College of Medicine Department of Biomedical Informatics.

The publication stems from Iyer’s work with Kemp and other UAMS researchers using machine learning to detect Parkinson’s disease on a project supported by a UAMS Translational Research Institute (TRI) Team Science Champion Award.

Teenage Researcher Leads UAMS Parkinson’s Study Published in Scientific Reports

First-quarter net income expected to fall 55% for Tyson Foods

by Kim Souza (ksouza@talkbusiness.net)

Tyson Foods may post lower profits when it reports first-quarter earnings on Monday (Feb. 5.) Net income is forecast at $142.094 million, or 40 cents per share, down 55% from the year-ago period, according to a consensus of analyst estimates.

Revenue is projected at $13.36 billion, up less than 1% from the $13.26 billion reported a year ago. While the Springdale-based meat giant continues to face earnings challenges, Stephens Inc. analyst Ben Bienvenu is a little more optimistic for the rest of the year.

“We think chicken fundamentals are positioned to show improvement through this year, with margins headed toward historical average profitability, a welcomed change after a difficult last year. But given the length of the beef cycle, shares are trading at discounted levels. As we move through the next several years we think improving earnings power will increasingly push Tyson Foods shares higher,” Bienvenu noted.

First-quarter net income expected to fall 55% for Tyson Foods

Shanna Richardson helps Boy Scouts merge, grow in Arkansas

by George Jared (gjared@talkbusiness.net)

Shanna Richardson had a unique problem. At the age of 19, she was running her own private school for kindergartners. The 400 students consumed much of her time and she decided she just wanted to be a normal college student.

She sold the business, but then she needed a job. She looked at a job board one day and noticed there was an opening with the Cub Scouts. Little did she know that would lead her to becoming CEO of Natural State Council, a Boy Scouts of America affiliate organization in Arkansas.

Richardson told Talk Business & Politics she has been with the Scouts for more than 23 years and is one of only a handful of women in an upper leadership position nationwide.

Shanna Richardson helps Boy Scouts merge, grow in Arkansas

Shanna Richardson.

State of the State 2024: Freight recession might not end until later this year, 2025

by Jeff Della Rosa (JDellaRosa@nwabj.com)

Editor’s note: The State of the State series provides reports twice a year on Arkansas’ key economic sectors. The series publishes stories to begin a year and stories in July/August to provide a broad mid-year update on the state’s economy. Link here for the State of the State page and previous stories.

Executives in the trucking/transportation and logistics industry look forward to a freight volume recovery, but it might be modest and slow, coming in the back half of the year or 2025. The market softness has pressured an industry challenged to cover rising costs.

Shannon Newton, president of the Arkansas Trucking Association, said the economic challenges and uncertainty carriers faced in 2023 eclipsed issues, like shaping regulatory and legislative policy and public image. Carriers focused on remaining in business and maintaining their customers and employees.

State of the State 2024: Freight recession might not end until later this year, 2025

Site Selection magazine ranks Arkansas 1st regionally on workforce development

by Talk Business & Politics staff (staff2@talkbusiness.net)

Site Selection magazine, a key publication for the economic development industry, ranked Arkansas No. 1 in its region for workforce development.

Arkansas moved from second to first regionally in the South Central Region, which includes Alabama, Kentucky, Oklahoma, Louisiana, Mississippi, Tennessee, and Texas.

The rankings recognize states’ performance on a set of measures applied to all 50 state. Those variables can include programs and resources for job seekers, as well as:

  • CNBC’s America’s Top States for Business, 2023 Workforce and Education;

  • U.S. News’s 2023 Best States for Education ranking;

  • ACT National Career Readiness Certificates for 2023;

  • Workforce preparation and development component of the Council for Community and Economic Research’s state economic development program expenditures database; and

  • Whether or not a state has at least one financial incentive program for work-based learning.

Site Selection magazine ranks Arkansas 1st regionally on workforce development

Residents of two Arkansas towns fight against crypto mines

KUAR | By Josie Lenora

In DeWitt last year, a series of computers lined up in a space just smaller than a football field cropped up on an open plain on the edge of the town.

Crypto mines are large groups of computers designed to generate cryptocurrency. They are made up of rows of humming metal boxes.

The mines are controversial. The New York Times has reported crypto mines aren't great for the environment, all the mines in America could together power 1.5 million homes. Reports have linked some crypto mines to China and the Chinese government, making some residents squeamish. Sometimes animals run when they are turned on.

But for many people, the issue is just the noise.

Residents of two Arkansas towns fight against crypto mines

Josie Lenora/Little Rock Public Radio

A crypto mine in DeWitt in January. The barriers around the mine sustained mild storm damage.

State of the State 2024: Construction sector poised for growth

by George Jared (gjared@talkbusiness.net)

Editor’s note: The State of the State series provides reports twice a year on Arkansas’ key economic sectors. The series publishes stories to begin a year and stories in July/August to provide a broad mid-year update on the state’s economy. Link here for the State of the State page and previous stories.

Hyperinflation, rising interest rates, a weakened economy, supply chain issues and others plagued the construction sector in Arkansas as 2023 opened. Many of those issues started to ease as the year unfolded, according to Nabholz CEO Jake Nabholz.

Also, he told Talk Business & Politics that 2024 will be a year of growth within the construction industry. Nabholz said he hasn’t detected a definitive trend in the state in terms of what types of projects will do better in 2024. He expects that many public, industrial, retail, healthcare and others will all do well this year.

“I think we are all largely encouraged,” he said. “Construction inflation is down … it helps control project costs. It helps these projects stay more stable from a cost perspective.”

State of the State 2024: Construction sector poised for growth

Arkansas State University begins search for vet school dean

by George Jared (gjared@talkbusiness.net)

Arkansas State University is taking applicants and nominees for the next dean of its proposed College of Veterinary Medicine (CVM).

The dean will be chief administrative officer for the CVM, responsible for its missions in teaching, research and service. Primary duties will include oversight for all academic programs associated with the CVM, along with management of budget and other resources.

Applicants must possess an earned doctor of veterinary medicine degree or the equivalent, a demonstrated and robust research agenda, and a distinguished record of visionary leadership and excellence in administration.

Arkansas State University begins search for vet school dean

Extension financial expert offers filing tips for 2023 tax season

By Rebekah Hall
U of A System Division of Agriculture

LITTLE ROCK — With the start of tax season on Jan. 29, the Internal Revenue Service has begun accepting and processing 2023 tax year returns. The standard deduction, which is adjusted annually for inflation, increased for tax year 2023 and will also increase for tax year 2024.

TAX TIPS — Laura Hendrix, extension associate professor of personal finance and consumer economics for the University of Arkansas System Division of Agriculture, said it's important for taxpayers to gather and organize necessary documents and information before filing for the 2023 tax year. (Division of Agriculture photo.) 

Laura Hendrix, extension associate professor of personal finance and consumer economics for the University of Arkansas System Division of Agriculture, said a taxpayer may choose to take the standard deduction or to itemize their deductions.

“There are several factors that can influence a taxpayer’s choice, including changes to their tax situation, any changes to the standard deduction amount and recent tax law changes,” Hendrix said. “Generally, most taxpayers use the option that gives them the lowest overall tax, and most people take the standard deduction, which changes each year for inflation.”

Hendrix said deductions are subtracted from a taxpayer’s income to determine adjusted gross income, or AGI, which is the amount on which an individual pays taxes.

“The more deductions you have, the lower your AGI and the less you will pay in taxes,” Hendrix said. “Deductions can reduce the amount of a taxpayer’s income before they calculate the tax they owe.”

Itemized deductions that taxpayers may claim include state and local income or sales tax, real estate and personal property taxes, home mortgage interest, personal casualty and theft losses from a federally declared disaster, gifts to a qualified charity and unreimbursed medical and dental expenses that exceed 7.5 percent of AGI.

Hendrix said the amount of one’s standard deduction depends on a taxpayer’s filing status, age, whether they are blind and whether the taxpayer is claimed as a dependent by someone else.

“Generally, if a taxpayer’s itemized deductions are larger than their standard deduction, it makes sense for them to itemize,” she said. “Taxpayers who choose to itemize deductions should read the instructions for Schedule A and complete Form 1040, Itemized Deductions.”

Standard deduction amounts for tax year 2023, filing in 2024:

  • For married couples filing jointly: $27,000, up $1,800 from 2022

  • For single taxpayers and married individuals filing separately: $13,850, up $900 from 2022

  • For heads of households: $20,800, up $1,400 from 2022

Standard deduction amounts for tax year 2024, filing in 2025:

  • For married couples filing jointly: $29,200, up $1,500 from 2023

  • For single taxpayers and married individuals filing separately: $14,600, up $750 from 2023

  • For heads of households: $21,900, up $1,100 from 2023

Preparation is key

The IRS expects more than 128 million individual tax returns to be filed by the April 15, 2024, tax deadline. Hendrix said it’s important for individuals and families to keep organized records for tax filing.

“It’s like getting all your ingredients ready before preparing a meal, though not as fun,” Hendrix said.

To do things “quickly and the right way,” Hendrix said taxpayers should have the following information ready before sitting down to file:

  • Social security numbers for yourself, your spouse and any dependents

  • Last year’s tax returns — federal and state

  • All of your W-2 forms if you were paid as an employee

  • All of your 1099 forms if you were paid, for example, as an independent contractor

  • Forms received from bank and investment accounts detailing interest earned, capital gains and losses and retirement account contributions

  • If you run your own business, a list of business expenses to see if they are deductible

  • Mortgage and property tax statements

  • Charitable contributions

  • Unreimbursed medical expenses

  • Education expenses

  • Child or dependent care expenses

Tax credits

Hendrix said the Earned Income Tax Credit is a refundable credit. “If you have worked and earned income under $59,187 in 2023, you may qualify,” she said. “Even if you know you won’t owe any taxes, you should still file for EITC. The credit will be sent to you as a refund.”

  • Child Tax Credit (CTC) and Additional Child Tax Credit (ACTC) are tax credits for filers with qualifying dependents. The Child Tax Credit is worth a maximum of $2,000 per qualifying child. Up to $1,600 is refundable as the Additional Child Tax Credit. CTC is applied to the tax bill, and ACTC is refundable. Children must be under the age of 17 and must have lived with the taxpayer for more than half the year.

  • Child and Dependent Care Credit: Tax filers may claim between 20 and 35 percent of care expenses, up to $3,000 for one qualifying individual or $6,000 for two or more qualifying individuals. Expenses paid for the care of a qualifying individual are eligible expenses if the primary reason for paying the expense is to assure the individual's well-being and protection. The percentage claim allowed (20-35 percent) is based on income, with lower-income filers receiving a higher percentage allowed for the credit.

The IRS Tax Assistant at  www.irs.gov/help/ita is an online tool and calculator that can help filers determine qualification and estimate amounts.

Filing resources

The IRS encourages taxpayers to file electronically with direct deposit, as this is the fastest and easiest way to receive a refund.

“Avoid advanced refund options offered by tax preparers that charge high fees,” Hendrix added.

IRS Free File

  • If your income is $79,000 or less, you qualify for a free federal tax return. Access free online tax preparation and filing at an IRS partner site through IRS Free File.

  • If your income is more than $79,000, you can access fillable forms to prepare your own return without assistance.

  • irs.gov/filing/free-file-do-your-federal-taxes-for-free

MyFreeTaxes

  • United Way provides MyFreeTaxes in partnership with the IRS’s Volunteer Income Tax Assistance (VITA) program to help filers prepare their tax returns on their own or have their return prepared for them for free. Consumers making less than $60,000 qualify for free tax prep.

  • myfreetaxes.com

In-person tax prep

Tax filing assistance for Military

  • MilTax e-filing software is free for service members, eligible family members and survivors.

  • mil/financial-legal/taxes/miltax-military-tax-services/

For more information, visit IRS.gov. For extension resources on personal finance, visit uaex.uada.edu/money.

To learn about extension programs in Arkansas, contact your local Cooperative Extension Service agent or visit www.uaex.uada.edu. Follow us on X and Instagram at @AR_Extension. To learn more about Division of Agriculture research, visit the Arkansas Agricultural Experiment Station website: https://aaes.uada.edu. Follow on X at @ArkAgResearch. To learn more about the Division of Agriculture, visit https://uada.edu/. Follow us on X at @AgInArk.