The combined legislation, HB1/HB10, establishes a flat 3% personal income tax rate, replacing the current three-tiered system. “It reduces the income tax for everyone in this state to a flat ...

However, the IRS increased the income thresholds for each tier by 2.8%. Tax Rate Single Married filing jointly Married filing separately Head of household 10% $11,925 or less $23,850 or less $ ...

The focus of the Union Budget 2025 will likely remain on continuing the momentum of economic reforms and maintaining the ...

Last legislative session, lawmakers approved a $3 billion plan that includes tax relief for seniors and low- and middle-income families. Here's what you need to know before tax filing season starts.