Several already impose “millionaire taxes,” designed to raise additional revenue from the highest-income residents.

Hawaii is the state with the highest tax burden, meaning the state with the highest proportion of residents' income going to state and local taxes, new analysis shows. In a report published on April 1 ...

Editor’s note: This story was updated on May 17, 2024, to correct problems with the source data, which impacted the tax burden rating of several states. (NEXSTAR) – Tax season isn’t really fun for ...

Forty-one U.S. states, including populous states like California, Texas and Florida, do not tax Social Security benefits. However, nine states still do—each with varying rules based on the income ...

The tax season is just around the corner. It's never too early to get started. January is a big month for the letter R, with resolutions, resets and tax returns demanding our attention. While it's ...

How much you owe the IRS at tax time is determined by the tax brackets you're eligible for. For tax year 2025 (filing in 2026), there are seven brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. Each ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. Editor’s note: This story was updated on May ...