This tax season, many people could be hearing oversimplified versions of some complicated tax changes on 2025 tax returns.

I'm the president and CEO of the Tax Foundation. We expect 71% of taxes to be paid by the top 20% of earners in 2026.

Critics of California's proposed billionaire tax say similar measures in Europe failed. Backers of the measure say they took ...

Mississippi's income tax just dropped to 4%. Find out why your paycheck is bigger and the smart way to use the extra cash.

If Gov. Kehoe gets his way, Missouri will vote on abolishing the state income tax. Let’s not wait for others to follow my ...

January is an ideal time to do tax planning for income in 2026. Where to begin? Start with these numbers related to ...

Filing taxes can be daunting, even overwhelming. Whether you file with help from a professional or on your own, calculating precisely what you owe to the Internal Revenue Service, or what the IRS owes ...

AI-generated summary reviewed by our newsroom. Read our AI Policy. New rates: North Carolina income tax is 4.25% for 2025 and 3.99% for 2026. Triggers tie further cuts to revenue; exceeding $33 ...

Nine U.S. states are lowering income taxes on Jan. 1, according to a recent Tax Foundation analysis — a move that could give some taxpayers additional financial breathing room as they head into the ...

Earlier this year, a bill was signed into law to lower Kentucky's individual income tax by half a percentage point.That lower rate starts right at the beginning of 2026.The rate is currently at 4%, ...

Gov. Bob Ferguson has thrown his support behind an income tax on millionaires, backing what would be a seismic shift in Washington’s tax code. At a budget news conference Tuesday, Ferguson endorsed a ...