Missouri Republicans want income tax cuts. But services could be taxed instead under plan
Missouri residents may soon pay a flat 4% state income tax, under a plan advanced by Republican lawmakers who want to eventually eliminate the tax. At the same time, the GOP proposal would give the General Assembly the power to impose sales taxes on an array of previously untaxed services – everything from massages to furnace maintenance.
Map Shows 9 States Where Income Tax Is Cut For 2025
The number of U.S. states which have introduced a flat individual income tax rate has grown significantly in recent years. In 2013, only 9 states had a flat rate; in 2024, they had grown to 14; now they're a total of 16. It's likely that this trend will continue in the future.
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 income tax rate by one-half of 1 percentage point.
Income Tax Cut Expected to Be a Top Priority as Kentucky Lawmakers Convene for a 30-Day Session
Kentucky’s Republican-dominated legislature has convened to start a 30-day session that's expected to include action to reduce the state’s individual income tax rate
House committee advances bill to cut Kentucky income tax rate to 3.5%
The bill would lower Kentucky’s individual income tax rate from 4% to 3.5% in 2026, projected to lower state revenue by $718 million annually.
Tax bracket changes could mean your paycheck is slightly bigger in 2025 — here's what to know
The IRS in October announced the federal income tax brackets for 2025, which raised each income threshold by roughly 2.8%.
House GOP pledges major movement on income tax reduction in General Assembly's first week
Winter weather didn't stop the Kentucky General Assembly from gaveling in Tuesday — and moving quickly on key priorities for ...
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 ...
Tax Filing 2024: When Will You Get Tax Refund?
The IRS sends out tax refunds 21 days after taxpayers file their returns online and six to eight weeks after submitting a ...
India to Simplify Decades-Old Income Tax Filing Rules in Budget
India’s government plans to simplify its income tax filing rules to make it less tedious for taxpayers to comply with the law ...
Taxpayers can use free IRS tool to file 2024 federal income taxes as soon as Friday
The IRS announced that eight private-sector partners will participate in its Free File program during the 2025 tax season.