Number Of Flat And Zero Income Tax States Grows As 2025 Begins
The trend of states moving toward lower and flatter income tax rates has continued apace in 2024, is poised to persist into ...
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Fire victims finally won federal tax relief. Here’s what comes next
The Press Democrat spoke with a tax pro about how the new law will be implemented and how fire victims can prepare.
Some Social Security Beneficiaries Could Get Hit With Higher Tax Bills
The Social Security Fairness Act boosted payments for millions of Americans, but with the higher checks could come tax burdens.
New Year’s Income Tax Relief For North And South Carolinians
North and South Carolinians are among the relatively small subset of Americans who are poised to see both their state and ...
Social Security Income: Tax-Free or Not? Expert Explains
Financial adviser Jeffrey Levine breaks down when Social Security benefits are tax-free and the importance of understanding your unique situation.
What is a national consumption tax? Here's how it differs from income tax.
Consumption tax is a tax on goods or services – what you spend, rather than what you earn. In the U.S., consumption tax comes ...
Not total déjà vu, but Kentuckians can expect another income tax cut
Republican supermajorities in the Kentucky General Assembly are expected to begin the 2025 legislative session the same way they began the 2023 session with a popular bill that will cut the state ...
Are Funeral Expenses Tax Deductible?
Here's a breakdown of when funeral expenses are tax deductible, how to document these expenses for estate deductions and ...
Iowa's income tax rate is dropping on Jan. 1. Here's how much and what that means:
Iowans may begin to see some changes right away in 2025 as employers withhold less money from their paychecks to account for ...
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Trump Wants To Eliminate Income Taxes: Here’s What That Would Mean for the Economy and Your Wallet
During his 2024 presidential campaign, President-elect Donald Trump suggested that he is considering instituting a policy of ...
Is HELOC Interest Tax Deductible?
Homeowners can deduct the interest paid on a HELOC from their federal income taxes as long as they use the funds for home ...