The cut is part of the state's goal to lower its flat individual income tax rate to 2.9 percent by January 1, 2027.

The Child Tax Credit (CTC) is an important tool to fight child poverty and help families make ends meet. When designed well, ...

You can also use the map to navigate to our state tax guides which include detailed information about income, sales, property, gasoline, estate, and other taxes that impact retirees in each of the ...

Washington collects a 7% tax on capital gains income over $250,000. Tennessee fully repealed its state income tax on income earned from interest and dividends in 2021.

In Alaska, the total tax burden, measured as percentage of income, was 4.93 percent—the lowest of all 50 states. But the state scored 35 in affordability, with 1 being the best, mainly because ...

Taxation on Social Security benefits can significantly affect retirees' net income, influencing their choice of residence and overall financial planning. Colorado, Connecticut, Minnesota, Montana, New ...

529 State Tax Deductions More than 30 states and the District of Columbia allow families to deduct 529 contributions from their taxable income. For a couple earning $100,000 and contributing ...

Employees and employers now must deal with different state income tax payment, withholding, and reporting requirements in almost every state that vary based on length of stay, income earned, or both.

In Missouri, the income tax rate was lowered to 4.7 percent from the previous 4.8 percent, as part of a series of multiyear tax cuts initiated in 2022 under SB3 and SB5, which allowed for a 0.1 ...