Beginning in 2025, Detroiters will have the option to pay their taxes and other city fees with cryptocurrency, the city ...

But whatever the reason, if you live in a state cutting income tax rates, you will likely get to keep more of your income to pay for necessities and splurges this year than you did last year.

The Tax Foundation defined tax burden as "state and local taxes paid by a state's residents divided by that state's share of net national product." Net national product is GDP minus depreciation.

The average property tax paid by homeowners in 2018 was $3,498 for a single-family home, an increase of 3% from $3,399 in 2017. The only states that did not see an increase were: New Mexico ...

According to ITEP’s analysis, “most states require low- and middle-income families to pay higher effective tax rates than the wealthy.” In fact, their research shows that nationally ...

At a time when the cost of everything from gas to Netflix is rising, there’s a good chance that one of your expenses will decline: your state tax bill. Profit and prosper with the best of expert ...

Tax Day is quickly approaching, and millions of Americans will be filing annual income taxes in their home states between now and the April 18 deadline. But income tax is only one piece of the tax ...

This metric reflects total state and local tax revenues – from income taxes, sales taxes and more – as a share of personal income, based on tax revenue data from the U.S. Census Bureau’s ...

For example, some states have forged reciprocity agreements with others, which streamlines tax withholding rules for employers. Others may provide taxpayers with credits for taxes paid out-of-state.

Several child tax credits are available for parents; who gets them depends on which parent is the custodial parent in the divorce. Pay attention ... vary considerably by state, so be sure to ...

State and local taxes you pay are deductible if you itemize on your federal income tax return. But the Tax Cuts and Jobs Act of 2017 capped the state and local tax (SALT) deduction at $10,000 for ...

You may have taxes withheld from your pay for the state where you work, and you may need to file a nonresident income tax return with that state as well as a resident return in your home state.