However, state income tax rates tend to be lower than federal tax rates. Many range between 1% and 10%, and some states don't tax anything on the first few thousand dollars of income.

North Carolina's rate dropped to 4.5%, down from 4.75% last year.The state also plans to cut the rate to 3.99% in 2026. In West Virginia, residents can expect to pay 4% less in overall income ...

Finally, by 2021, the Volunteer State will also be income tax-free. As of right now, the Hall income tax allows for a relatively low tax rate on dividends and interest income above an exempted amount.

A 2022 Kentucky law reduced the state's income tax rate and set a series of revenue-based triggers that could gradually lower the tax to zero. But unlike in Mississippi, the triggers aren't automatic.

South Carolinians have seen modest reductions in income tax rates over the past few years. Currently, residents pay a state income tax rate ranging from 0% to 6.2%. A coalition of state lawmakers, ...

The One Big Beautiful Bill Act (OBBBA) made plenty of changes to the tax law. If you earn six figures, watch out for these ...

The move would bring the state’s effective tax rate to 2.6% down from 2.7%. In the first year of the plan, more than three quarters of income tax filers would see a tax cut or no change in how ...

The new bill would drop the state’s income tax rate from the current 6.2%, which leaders say is the highest in the southeast, to 3.99% in 2026. That would put South Carolina’s income tax rate below ...

ATLANTA — Georgia Sen. Sam Watson, R-Moultrie, has been named to a Senate committee considering an end to the state income ...