Each year can bring changes to state tax rates and rules. In 2023, some states might increase or decrease their tax rates, adjust the income brackets, or change tax credits and deductions. You can stay updated with the latest changes by consulting your state's Department of Revenue—or equiv...
Much ado is made in the press about federal tax brackets, but cities can carry a tax bite of their own. Even if you live in a state that has no income tax, your city may levy a variety of taxes that could eat away the entire benefit of living in an incom
Income of up to €9,984 is considered a personal allowance and is not taxed. Other deductions include a percentage of contributions to a statutory pension insurance plan; health insurance premiums; private accident, life, unemployment, and disability insurance premiums; donations to registered charitie...
The federal government collects the estate tax on estates valued at more than a certain amount each tax year. For tax year 2022, that amount is $12.06 million. For tax year 2023, that amount is $12.92 million. Only the value of an estate over that threshold is taxed.1Depending on the ...
The measure would allow eligible adults 21 and older to purchase and possess up to 2.5 ounces of marijuana at a time, and sales would be taxed at 10%. The measure would also allow Ohio residents to keep up to six cannabis plants. ...
Corporate income is taxed on the state level in 44 states. Those taxes range from North Carolina's flat rate of 2% to New Jersey's top bracket of 11.5%. In some states, like New Jersey, corporate taxes are graduated, with different brackets for different levels of income. ...
The report, Taxing Wages 2017, says that of the 35 countries in the OECD, income tax in Germany is only second to Belgium, where employees wages are taxed at a rate of 54 percent. In Germany, 49.4 percent of an average worker's income is deducted through taxation, significantly higher th...
Seven Things You Didn't Know About TaxesVideo: How Your Tax Dollars are Spent8 Things You Think Are Tax Deductible That Aren't10 Things You Won't Believe Are Taxed11 Strange State Tax LawsThe above article is intended to provide generalized financial information designed to educate a broad se...