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 the states making big changes.
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 the lower tax rate.
Bill to lower Kentucky’s income tax again clears first hurdle
Leaders in Kentucky’s General Assembly aim to eliminate the state income tax. Three years ago, they passed House Bill 8, a formula of financial triggers that, when met, would sl
Kentucky House votes 90-7 to lower state’s individual income tax rate
The Kentucky House voted 90-7 to lower the state’s individual income tax rate on Thursday. Republicans delivered on a top priority just three days into this year’s 30-day legislative session as they moved on House Bill 1.
Income tax cut clears Kentucky House on bipartisan vote
Republicans in the Kentucky House easily advanced a bill to cut the state’s individual income tax furthering their goal of eventually ending it.
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 3.5%.
Kentucky House clears tax cut bill
The bill to cut Kentucky’s individual income tax rate to 3.5% passed the House with bipartisan support and is expected to clear the Senate next month.
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 ...
Tax surge puts shock third budget surplus within reach
Soaring tax revenue has shrunk the federal budget deficit to half the size it was expected to be so far this financial year.
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%.
The tough realities behind Trump’s promise to cut taxes on tips
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.
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 ...
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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Budget 2025: Looking back at tax relief measures for senior citizens in 2024
Senior citizens seek tax relief and reforms in Budget 2025 to tackle inflation, income challenges and enhance their qulity of ...
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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 ...
Income Tax Officers Raid Ex-BJP MLA, Find Crocodiles At His Home
Not just successful, a raid at the house of a former legislator in Madhya Pradesh has turned out to be rather amusing for the ...