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Income Tax Cuts Advancing In Numerous State Capitals
More than half the state legislatures enacted income tax cuts over the past several years and it's clear this trend will continue in 2025.
Another round of income tax cuts could be coming to Idahoans next year
House Speaker Mike Moyle (R-Star) is making good on his promise to cut taxes beyond the governor’s proposed $100 million during his state of the state address earlier this month.
Idaho Legislature introduces bill to reduce income taxes
Idaho House Speaker Mike Moyle unveiled a proposal to reduce income taxes Thursday, calling it the first of three major tax reduction bills coming forward this legislative session. On Thursday, the House Revenue and Tax voted to introduce Moyle’s new bill,
Republican Proposal Would Make College Scholarships Taxable Income
Republican lawmakers are considering making college scholarships fully taxable to help pay for continuing tax cuts that mostly benefit wealthy families.
Idaho Republicans propose one of ‘biggest’ income tax cuts ever. How much would it be?
The Idaho House Republican leader previewed a slate of large tax cuts Idahoans could see this year, beginning with a potentially historic cut to individual and corporate income taxes. The cut would bring Idaho’s flat income tax rate to 5.
1h
on MSN
No Tax on Tips Act reintroduced to Congress and local business owners are speaking up
U.S. Senator Catherine Cortez Masto (D-Nev.) helped reintroduce the No Tax on Tips Act to exempt tipped wages from federal ...
1h
Trump's order on the global tax deal is a relief to tech companies
The global tax deal prevents a "race to the bottom" on corporate income tax rates around the world. President Trump pulled ...
5h
I.R.S. Expands Its Free Tax Filing Option
The Direct File system will be open to millions of taxpayers in 25 states, up from 12 last year. But it’s unclear what will ...
Erie News Now
2h
Check your mail. The IRS is sending money to 1 million tax filers who aren't expecting it
A million tax filers are getting letters from the IRS indicating they have money coming to them because they were eligible to ...
5h
Getting ready for tax season? Everything you need to know about the child tax credit.
Here is what you should know about the child tax credit for this year's tax season and whether you qualify for it.
1h
on MSN
Vermont lawmakers propose tax exemption for social security benefits
Vermont legislators are introducing a bill to phase out state income tax on Social Security benefits. In other words: retired ...
Coeur d'Alene Press
11h
File income tax returns starting Jan. 27
Idaho is participating in the IRS Direct File program. An estimated 210,000 Idaho taxpayers will be eligible to use the free program, a press release said.
7d
on MSN
Mississippi House passes $1.1 billion income tax elimination-gas and sales tax increase plan
A bill that phases out the state income tax, cuts the state grocery tax and raises sales taxes and gasoline taxes has passed ...
3d
5 tax strategies for high-income earners
Tax season’s here, and high-income earners need more than just festive cheer. Learn 5 strategies to boost savings and ...
8h
on MSN
Income tax expectations from Budget 2025: Simplify income tax slabs, cut income tax rates, clarify residency laws, allow income tax refunds to overseas bank account
Changes introduced in the Union Budget 2024-25 indicate the Government's commitment to simplify the tax system, enhance ...
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