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The bill would initially reduce the state's top income tax, and consolidate six income tax brackets into three.
Oklahoma Legislature passes bill to cut income tax rates, with a future provision to abolish them contingent on revenue targets.
Before the session started, he rolled out his “half and a path” plan to cut that tax by a half-percentage point and create a path toward a day when the state might completely eliminate income tax. But ...
Taxpayers in states like New York could save more under the new $40,000 SALT deduction cap. Here's how it would work.
The tax rises come as Washington state battles a $16 billion deficit between expected tax revenues and spending obligations.
I’m looking at this budget making some hard decisions and hard cuts, because that’s what governing is, and that’s what being ...
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 ...