Taxes
Latest in Taxes
Florida Maintains No State Income Tax Policy for 2025 Residents
In 2025, Florida residents pay no state income tax if they establish domicile, spend more than half the year there,…
Connecticut State Income Tax Rates and Brackets for 2025
For 2025, Connecticut reduces its lowest income tax rates to 2% and 4.5%. The updated brackets affect residents, nonresidents, part-year…
Colorado State Income Tax Rates and Brackets for 2025 Explained
Starting January 2025, Colorado imposes a 4.40% flat income tax rate. Senate Bill 24-228 allows reductions after October 1 if…
Arizona State Income Tax Rates and Brackets for 2025
For 2025, Arizona enforces a flat 2.5% income tax on all taxpayers above income thresholds. Residents, part-time residents, and nonresidents…
Alaska State Income Tax Rates and Brackets for 2025 Explained
Alaska offers no state income tax for individuals, benefiting residents and immigrants. Corporations must file a graduated corporate tax return.…
Alabama State Income Tax Rates and Brackets for 2025 Explained
Alabama keeps its 2025 state income tax rates at 2%, 4%, and 5%. Filing applies to residents, immigrants, and visa…
UK Asylum Claims Reach Record High in 2025 Amid Backlog Reduction Efforts
UK asylum applicants must prove risk of serious harm and cannot be safe at home. The Rwanda Plan was canceled,…
IRS Raises 2025 Annual Gift Tax Exclusion to Historic $19,000
The IRS has increased 2025 gift tax exclusions and lifetime exemptions to record amounts. These changes impact U.S. citizens, couples,…