‘Just freeze it.’ Why NC Gov. Josh Stein wants to pause tax cuts, and Republicans don’t
Tax cuts have long been a Republican priority, and part of recent state budgets that became law. For the 2024 tax year, the ...
NC taxpayers could get a higher refund & waived fees in 2025 with these tax code changes
Another change to the tax code could mean you get a higher refund this year. A state law that went into effect in January ...
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NC Senate leader dismisses concerns that tax cuts could create 'fiscal cliff'
Senate leader Phil Berger said Tuesday he’s not concerned by a projected $823 million drop in state revenue in 2026.
Economists project $544M surplus in NC but warn that more tax cuts will curb revenues
North Carolina officials on Friday projected a modest revenue surplus this fiscal year, but warned soon-implemented tax cuts ...
New state budget forecast has Stein raising concerns over NC's ability to pay for Helene recovery, public schools
Republican lawmakers have consistently cut the state's income tax rate since winning control 15 years ago. The rate dropped ...
Tax changes to assist victims of Helene could mean waived fees, higher refunds
CHARLOTTE — The North Carolina Department of Revenue is waiving penalties for delayed tax returns to assist Hurricane Helene ...
NC’s new governor: After state revenue forecast, Stein warns of ‘fiscal cliff’
Welcome to the Sunday Under the Dome newsletter, which focuses on new Gov. Josh Stein. I’m Dawn Vaughan, The News & ...
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When It Comes to Tax Cuts, South Carolina Is a Red State Outlier
South Carolina residents are seeing rates go down thanks to a law passed in 2022, but the state still charges a lot more than North Carolina and other southeastern neighbors.
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State income tax rate changes for 2025
Nine of these states cut their individual income tax rates for 2025. The most significant change is in Iowa, which had an individual income tax rate of 5.70% in 2024 and now has a rate of 3.80% for ...