State Income Tax

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State Income Tax News & Opinion ArticlesDisplaying 1 - 20 of 26 1 2 Next
  • There may be a rush to the ballot box next year to raise taxes, but not everybody thinks success will be easier than in the past as many believe.
  • What Tax Reform Means for You (and your Neighbor) - Elliot Young: Ever continues the quest for who first uttered the phrase.
  • Low-tax states are attracting millions of retirees. But you have to look beyond taxes to make the right move.
  • Over half of all taxes collected by the IRS — $3.1 trillion in fiscal 2014 — comes from income taxes. Like the federal government, state and local governments also rely heavily on income taxes. Very few people in the United States can avoid paying federal income taxes, but there are seven states where individual income is not taxed at all at the state level.
  • Over half of all taxes collected by the IRS — $3.1 trillion in fiscal 2014 — comes from income taxes. Like the federal government, state and local governments also rely heavily on income taxes. Very few people in the United States can avoid paying federal income taxes, but there are seven states where individual income is not taxed at all at the state level.
  • You may have already sent off your 2014 paperwork to the IRS, enclosed a check or requested a refund, and crossed taxes off your to-do list for the year. But you're not done yet. You'll still have to work until April 24 to earn enough money, on average, to pay what you owe Uncle Sam this year. That's another day longer than last year, according to the Tax Foundation, a tax-policy research group that calculates what it calls "Tax Freedom Day" annually.
  • You only have a few weeks left to file your taxes. If it's money that's holding you back, know that there are a number of free income tax preparation and filing options out there, both for federal and state taxes. According to the IRS, approximately 70 percent of taxpayers are eligible to file for free. If you haven't done your own taxes before, it can be an intimidating process with several complicated tax laws to know, like which deductions or tax credits you're allowed to take. For most people, however, filing taxes is relatively simple, and can be done using a 1040EZ. A good number of people can even file using popular tax preparation software programs without even having to pay.
  • As true reform at the federal level feels increasingly unattainable – particularly when the Administration supports decisions that make little sense for the average working American. Our nation is made great by the thousands of immigrant entrepreneurs who pursue legal citizenship here, and who build businesses and drive innovation in their communities. Short-sighted approaches to immigration reform, such as those found in the President’s most recent plan, do not make a meaningful difference for anyone.
  • Check out how much lower California's income tax rate is compared with other Western states on GOBankingRates' ranking of all 50 states' income tax rates.
  • Tax filing season 2015 is here, with many Americans finding the dreaded time of year overwhelming, especially first-timers or people with unique work situations. Deadlines, e-filing, state and federal tax returns – how does it all work? It’s important to get it done correctly, especially when the Internal Revenue Service will be inspecting returns with a fine-tooth comb. Here are tips for filing taxes in 2015. Wednesday, April 15, is the due date for federal income tax returns for 2014. The deadline for filing state income taxes vary, although most also adhere to the April 15 closing date. State tax deadlines in Delaware and Iowa are a couple of weeks later, on April 30; Virginia’s is May 1.