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 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.
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 ...