A bill that phases out the state income tax, cuts the state grocery tax and raises sales taxes and gasoline taxes has passed the Mississippi House with a bipartisan vote ...

Marko Geber / Getty Images Yes, you can lower your taxable income and your tax bill by opening and contributing to an individual retirement account (IRA). But it depends, first and foremost ...

You must also be over age 18, not a full-time student, and not listed as a dependent on anyone else's tax return. The income thresholds are adjusted annually. Here are the saver's credit rates for ...

Among the most awaited announcements is a possible reduction in income tax for individuals earning up to Rs 15 lakh annually. Here’s the current income tax rates and slabs under both the New Tax ...

Check your state's Department of Revenue for comprehensive, location-specific information. Nine states are cutting individual income tax rates, and some are shifting toward flat tax rates.

The Income Tax Department has introduced a new feature on its e-filing portal that allows taxpayers to submit rectification requests online, even if their Income Tax Returns (ITRs) are currently ...

at their applicable income tax slab rates. This came into effect from October 1, 2024. Indexation has now been removed for all long-term capital gains. But resident Indians or a Hindu Undivided ...

The governor has said slicing the state income tax rate to 4.5% this session wouldn’t mean as much to seniors on a fixed income as doing away with the tax on Social Security. Eligibility for a state ...

Commonly known as "granny" or "in-law" units, the law comes amid efforts by several communities across the state to increase housing options. Enacted in 2021, Senate Bill 639 put a ticking clock ...

(Des Moines) Iowans are seeing a lower income tax rate in 2025. The new rate took effect yesterday, going down to three-point-eight percent for all taxpayers. That means Iowans now have the country’s ...

Some Americans could get a break on their state income taxes this year, with nine states kicking off 2025 with a reduction in their individual income tax rates, according to an analysis from the ...

Governor Gavin Newsom speaks at a news conference on October 27, 2021, in Oakland, California. Dozens of new laws are coming into effect in the state in 2025. Governor Gavin Newsom speaks at a ...