Newsweek contacted the Tax Foundation for comment by email on Friday. Why It Matters. Income tax cuts are expected to be ...

North and South Carolinians are among the relatively small subset of Americans who are poised to see both their state and ...

The trend of states moving toward lower and flatter income tax rates has continued apace in 2024, is poised to persist into ...

Iowans may begin to see some changes right away in 2025 as employers withhold less money from their paychecks to account for ...

North Carolina’s corporate income tax will also see changes. For 2025, the tax rate will drop from 2.5% to 2.25%, with ...

Some states are ushering in lower income tax rates in January, part of a recent push to cut taxes for their residents.

If you are a salaried employee, you must inform your employer about the tax regime you want to opt for during the year. If ...

For 2025, income tax brackets are increasing. Federal tax is 15 per cent for earnings up to $57,375; 20.5 per cent for ...

Some states are ushering in lower income tax rates in January, part of a recent push to cut taxes for their residents.

Consumption tax is a tax on goods or services – what you spend, rather than what you earn. In the U.S., consumption tax comes in the form of retail sales tax and excise tax (tax imposed on certain ...

Under a new law, the individual income tax rate will drop a quarter of a percent from 2024 and will now sit at 4.25%. ABC11 ...

According to the Census Bureau, the average Iowan makes a little less than $40,000 per year. When the cuts kick in, they’ll ...