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Bankrate on MSN14 states have a flat tax and more states are joining them — here’s what it means for you
A growing number of states are moving to a flat tax system to collect income taxes. That can be good news for taxpayers, but ...
Nearly two-thirds of states now have an Earned Income Tax Credit (EITC). Momentum continues to build on these credits that ...
The typical U.S. taxpayer could see their taxes decrease by more than $3,750 next year thanks to fresh cuts, deductions and ...
Kentucky tax revenues fell $7.5 million short of what was needed in the past fiscal year to trigger cutting the income tax to ...
Gov. Andy Beshear blamed “federal tariffs and the uncertainty surrounding” them as well as the upcoming income tax rate cut ...
The Georgia Senate committee will discuss the income tax elimination on September 17, with experts providing insights.
Let's begin with the best news — you'll probably not owe any state taxes on your monthly Social Security payments. A total of 41 states, as well as Washington D.C., simply don't tax this income.
Supporters say eliminating income tax could attract businesses and residents, while critics warn it would force service cuts or higher sales taxes.
Folks are typically thinking about summer travel or last-minute beach holidays this time of year. But in Georgia, lawmakers have something else in mind: Eliminating the state’s income tax. While ...
We are handing our kids a mess, and we’re taking away all of the tools they will need to fix it,” said one supporter of a ...
If the Legislature does not decouple from federal tax changes by the end of the year, the state will miss out on roughly $400 million for public services next year.
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