10 States Making Big Changes to Income Tax Rates in 2025
Nine states reduced their tax rates effective Jan. 1, 2025, and one eliminated its income tax. Find out if you live in one of ...
It’s Not Too Soon To Protect Yourself From Income Tax Identity Theft
The year 2024 has not quite come to a close and many people may not yet be thinking about filing their 2024 income tax return ...
Trump promised to cut tax on tips. That’s trickier than it sounds
Cindy Kramer, 38, works well over 60 hours a week juggling four different jobs in Staten Island, New York, to support her child and make ends meet. Two of those jobs are bartending.
Plan to lower Kentucky's income tax advances with bipartisan support — and some caution
In a 90-7 vote, the Kentucky state House voted Thursday to advance a bill that would cut the state income tax rate from 4% to ...
Tax bracket changes could mean your paycheck is slightly bigger in 2025 — here's what to know
The IRS in October announced the federal income tax brackets for 2025, which raised each income threshold by roughly 2.8%.
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Tax revenues are higher than expected as state budget work gets underway
Combined collections in the general and school aid funds are projected to be $783 million to $1.2 billion higher this fiscal ...
Number Of Flat And Zero Income Tax States Grows As 2025 Begins
The trend of states moving toward lower and flatter income tax rates has continued apace in 2024, is poised to persist into ...
EITC Payment: What is the maximum you will receive for the Earned Income Tax Credit in 2025?
Low- or moderate-income families in the United States have a variety of support programs to improve their finances and cope ...
Missouri Republicans want income tax cuts. But services could be taxed instead under plan
Missouri residents may soon pay a flat 4% state income tax, under a plan advanced by Republican lawmakers who want to ...
Income tax cut expected to be a top priority as Kentucky lawmakers convene for a 30-day session
Kentucky’s Republican-dominated legislature has convened to start a 30-day session that's expected to include action to ...
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Child Tax Credit, Earned Income and more you should know this year
Welcoming a new child into your family in 2024 brings joy and challenges, including navigating the complexities of tax season ...
Iowa's income tax rate is dropping on Jan. 1. Here's how much and what that means:
Iowans may begin to see some changes right away in 2025 as employers withhold less money from their paychecks to account for ...