Ending taxes on Social Security income has made headlines as the Trump administration looks for ways to reduce financial burdens on older Americans. But although federal changes may be on the way, ...

Nine states across the country have lowered their income tax rate as of January 1, in a move that, at least on paper, should allow residents to have more money to spend on goods and services.

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 ...

Discover the U.S. states with no income tax, benefits of tax-free states, and how this impacts cost of living and financial planning. Business Insider Subscribe Newsletters ...

Gov. Mike DeWine signed the state’s $60 billion budget on Monday night, and while he vetoed 67 items, he kept in the ...

A new tax law lands Iowa among the top ten states with the lowest income tax rates. ... down 12.3% from the current annual budget. The state is projected to bring in $8.7 billion for the 2026 ...

Speaking of Mississippi, it's one of 13 states that don't tax any retirement income from 401(k) plans, IRAs, or pensions.Of course, this list includes the nine states without income taxes.

House Ways and Means Chairman Bruce Bannister, R-Greenville, discusses an income tax reform proposal that would lead to bringing the tax rate to 3.99% from the top rate of 6.2%. Travis Bell ...

The state will see a drop of $687 million in personal income tax collections in the 2026 budget year, a 12.3% drop from the current budget year, according to the panel’s projections.

What do MS tax revenues say about state economic outlook? The state’s current fiscal year budget estimate, which runs July 1, 2024 through June 30, 2025, is $7,600,100,000.

In Nebraska, the top individual income tax rate dropped to 5.2 percent from 5.84 percent last year. The move was part of the ...