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.
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%.
Let It Be Known That Trump’s 2017 Tax Cuts Hurt Black Americans
Tax Cuts and Jobs Act expired on Dec. 31, 2024. Data show the cuts hurt Black Americans and worsened income inequality.
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 ...
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 ...
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 ...
Income tax slab for AY 2025-26: Which is better, the old tax regime or the new tax regime?
Finance Minister Nirmala Sitharaman's Budget 2024 modified income tax slabs, favoring the new tax regime. The old regime, ...
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 ...
India to Simplify Decades-Old Income Tax Filing Rules in Budget
India’s government plans to simplify its income tax filing rules to make it less tedious for taxpayers to comply with the law ...
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 ...