Taxes

Latest in Taxes

Maryland State Income Tax Rates and Brackets for 2025 Explained

For 2025, Maryland adds higher tax brackets, increases county tax caps, and introduces a 2% capital gains surtax. Standard deductions…

Louisiana State Income Tax Rates and Brackets for 2025 Explained

Louisiana introduces a 3% flat tax on all individual income from 2025, raises standard deductions, and sets a 3.09% withholding…

Maine State Income Tax Rates and Brackets for 2025 Explained

Maine maintains 2025 income tax rates between 5.8% and 7.15%, adjusting brackets for inflation. Proposed legislation could lower starting rates…

Kansas State Income Tax Rates and Brackets for 2025 Explained

Kansas moved to a two-bracket income tax system with a top rate of 5.58% for 2025, effective from January 2024.…

Kentucky State Income Tax Rates and Brackets for 2025 Explained

Kentucky’s flat 4% income tax with a $3,270 deduction in 2025 lowers to 3.5% in 2026. The system simplifies taxes…

Indiana State Income Tax Rates and Brackets for 2025 Explained

Indiana enforces a 3% flat income tax in 2025 for residents and nonresidents with Indiana income. Taxpayers must file appropriate…

Iowa State Income Tax Rates and Brackets for 2025 Explained

Iowa replaces its income tax brackets with a flat 3.8% rate starting in 2025. Retirement incomes remain tax-exempt since 2023.…

Illinois State Income Tax Rate and Structure for 2025 Explained

For 2025, Illinois continues its flat 4.95% income tax with no brackets, exempting retirement income. Residents, nonresidents, and newcomers must…