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 ...
Kentucky House votes to reduce the individual income tax rate, a top GOP priority
The Kentucky House has voted to reduce the individual income tax rate, as Republicans deliver on a top priority three days ...
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 ...
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 ...
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.
A $20,000 SALT Cap Would Be Costly, Mostly Benefit High-Income Households
A new Tax Policy Center analysis finds that raising the cap to $20,000 would increase the federal debt by about $225 billion ...
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%.
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 ...
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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 ...
What is a national consumption tax? Here's how it differs from income tax.
Consumption tax is a tax on goods or services – what you spend, rather than what you earn. In the U.S., consumption tax comes ...
Italy PM says wants to focus on tax cuts for middle income earners
Italy's government intends to promote tax cuts to help middle income earners this year after focusing initially on people ...