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 ...

This year, 39 states had notable tax changes, with some that began on Jan. 1, and others set to take effect on July 1. Nine of these states cut their individual income tax rates for 2025. The most ...

Income tax is a government-levied tax on income generated by individuals and businesses. Taxes are used to fund public services, government obligations, and infrastructure like schools and roads.

The Dec. 31, 2025, expiration of many provisions of the 2017 Tax Cuts and Jobs Act (TCJA) adds a new task to the 2025 congressional to-do list: updating the tax code. Many TCJA provisions provided ...

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 ...