Tag #Income Tax Cuts

What are the immediate impacts of the 2025 state income tax reductions across the nine affected states?

Nine US states will lower individual income tax rates starting January 1, 2025, impacting millions of taxpayers. Reductions vary, from a minimal $33 annual savings in Indiana for a $65,000 earner to a 50% decrease for Louisiana residents earning $30,000-$40,000 annually.