For tax year 2024 (filing in 2025), there are seven brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. That will remain the same for tax year 2025 (filing in 2026), but the IRS adjusts the income ...
The Trump tax cuts, including the 20 percent Small Business Deduction, are set to expire this year. Here's what to know.
More than half the state legislatures enacted income tax cuts over the past several years and it's clear this trend will ...
The highest rate in the US is the 13.3% collected in California from those making over $1 million a year, while states including Alaska, Florida and Nevada collect no income tax at all.
Economic upheaval caused by the pandemic has clouded analysts’ ability to understand the effects of the 2017 tax law.
JEFFERSON CITY, Mo. -- President-elect Donald Trump has proposed trillions of dollars of tax cuts for individuals and businesses. In some states, governors and lawmakers are seeking to cut millions ...
President Donald Trump on Monday declared that a global corporate minimum tax deal "has no force or effect" in the U.S., ...
FRANKFORT, Ky. (WYMT) - Kentucky lawmakers are advancing a bill that could result in more “take-home” money for several ...
In her executive budget, Hochul is calling for a five-year extension of tax rates for the state’s highest earners.
Missouri's new governor said he wants to cut the state's income tax, and a group of Republican lawmakers are working to make ...