News

A major draw of retiring in Florida is that the state has no income tax. For retirees, this means Social Security benefits, ...
With the president’s domestic policy law signed, states will have to administer many of the cuts and decide how much they can spend to keep their citizens insured and fed.
There has been widespread concern expressed over the impact Trump's "Big Beautiful Bill" could have on American health care.
Get the latest news on President Donald Trump’s second term in the White House and the Republican-led Congress.
Under the proposal, teachers may claim up to a $300 deduction on their state income tax return for eligible expenses such as professional development courses, books and other classroom supplies.
Under provisions of the bill, the state’s top marginal personal income tax rate will be reduced from 4.75% to 4.5% beginning in the 2026 tax year.
The current SALT cap is $10,000, meaning that if somebody's local income tax burden is below that amount, they can subtract their entire state and local tax from their federal tax burden.
Considering state taxes only, paying taxes on $300,000 of taxable income (adjusted gross income) would leave a single taxpayer or married taxpayer filing separately with $275,447.15. $300,000 is ...
The income tax rate reduction alone is projected to reduce state general fund revenue by $54.5 million in 2027, followed by $310.3 million in 2028 and $250.8 million annually in subsequent years.
A new digital map from Colorado paints a picture for users of aggregated data on property tax rates and jurisdictions in the state. Effective data use can help governments drive their decision ...
A bill that would overhaul South Carolina’s income tax system is headed to the House floor after clearing the Ways and Means Committee in a 17-6 vote.