The Latest Breaking News from Income Tax

Ohio has officially entered a new era of fiscal policy. Starting in 2026, the state fully transitioned to a flat tax system. This move simplifies the filing process and increases the state’s economic competitiveness. The change concludes a multi-year effort to condense Ohio’s complex, multi-bracket tax structure into one streamlined…

A new report warns that some plans for replacing income tax revenue rely on unrealistic assumptions.

Is your income tax bill bigger than expected? Here's how you should prepare for next year.

The Oregon kicker for 2025 state income taxes is coming. Here's how to calculate your credit and the eligibility rules.

Tax season officially opened yesterday, January 26, but for millions of working Americans, the real headline isn’t the date—it is the quiet expansion of the Earned Income Tax Credit (EITC). Often called the “working family’s bonus,” the EITC has been adjusted for inflation and tweaked by the recent tax overhaul.…

Party’s pitch to voters in May Holyrood elections dismissed as ‘profoundly unserious, almost comically so’ by head of IPPR Scotland

Florida’s spike in real estate prices and higher cost of living has made it unaffordable for many retirees earning $75,000 or less

When Scotland’s finance secretary, Shona Robison, delivered the Scottish budget for 2026-27 on January 13, she framed it as a budget for families that would ease pressure on household finances. Coming only a few months before the Scottish parliamentary elections in May, this budget is especially significant.

The cost of living may not be the only factor when choosing where to live, but it's an important one. According to North American Moving Services, states with higher income tax saw the largest number...