State Income Tax

Business

The Great Tax Swap: States Eye Sales Tax Hikes to Offset Income Tax Cuts, Sparking Debate Over Revenue and Reform

A growing movement to eliminate state income taxes is gaining momentum, backed by the White House. However, a new analysis warns that replacing lost revenue may require significantly higher sales taxes than proponents claim, forcing a fundamental choice: accept steeper consumption taxes or shrink the size of government.

Feb 2, 2026

Retirement Tax Check: Eight States Still Levy Taxes on Social Security Benefits

While most states have eliminated taxes on Social Security income, a handful continue to impose them, creating a significant financial consideration for retirees. Understanding both state and federal tax rules is crucial for retirement planning.

Feb 4, 2026

State-Level Push to Ax Social Security Taxes Gains Momentum, But Benefits May Skew Wealthy

A growing movement, led by AARP, aims to eliminate state taxes on Social Security benefits in the handful of states that still impose them. While promising more disposable income for retirees, analyses suggest the windfalls could disproportionately benefit higher-income households.

Feb 3, 2026

Business

The Great Tax Divide: These 10 States Will Levy the Highest Per-Capita Burdens in 2026

A new analysis reveals a stark and growing fiscal gap across the U.S., with residents in top-taxing states paying over 80% more than the national average. From New York's multi-angle levies to California's top-tier income rates, we break down what's driving the costs and who feels it most.

Feb 2, 2026

The No-Income-Tax Illusion: Why Your Overall Tax Burden May Not Shrink

Moving to a state with no income tax might seem like a clear financial win, but the reality is more complex. Higher sales, property, and overall living costs in these states often offset the initial paycheck boost, creating a nuanced picture of who truly benefits.

Feb 2, 2026

Business

Sergey Brin's $92 Million Real Estate Spree: A Strategic Retreat from California's Tax Climate?

Google co-founder Sergey Brin has acquired two luxury estates in California and Nevada for a combined $92 million, a move that coincides with his shifting business entities out of California as the state considers a new 'Billionaire Tax.'

Feb 4, 2026

Tax Refund 2026: How to Track Your State and Federal Returns in Delaware, New Jersey, and Pennsylvania

With the 2026 tax filing season underway, many taxpayers are eager to track their 2025 income tax refunds. Here’s a guide to checking your refund status in Delaware, New Jersey, and Pennsylvania, along with insights on this year's refund trends.

Feb 4, 2026

New York's Historic Child Tax Credit Expansion: More Families Eligible for Up to $1,000 Refunds

New York State has enacted its largest-ever expansion of the Empire State Child Credit, removing income barriers and extending significant cash refunds to low and no-income families this tax season.

Feb 4, 2026

Business

Missouri's Bold Tax Overhaul: A Business Boon or Burden?

Missouri Governor Mike Kehoe proposes eliminating the state income tax, a move hailed as pro-growth but which critics warn could shift a heavy compliance burden onto local businesses through an expanded sales tax on digital services.

Feb 3, 2026

Business

Retirement Tax Trap: How Frozen Allowances and Rising Pensions Are Forcing More Retirees into Self-Assessment

A growing number of pensioners are being drawn into the self-assessment tax system as frozen thresholds clash with rising state pension payments. This guide explains who needs to file, key deadlines, and strategies to protect your retirement income.

Jan 30, 2026

Business

The Roth Route: A Strategic Path to Tax-Free Retirement Income

While many retirees face unexpected tax bills, Roth retirement accounts offer a powerful solution for tax-free withdrawals. However, navigating contribution limits and conversion strategies requires careful planning to avoid costly pitfalls.

Feb 4, 2026

California Tax Board Pursues Family Who Moved to Florida, Questioning Residency Change

A California family who relocated to Florida in 2021 faces a state tax audit, with authorities demanding extensive proof of their move. The case highlights the growing scrutiny of residency claims as high-tax states seek to retain revenue from departing residents.

Feb 5, 2026

Business

Golden State's Glitter Fades: Why Many Retirees Rethink the California Dream

While California's climate and scenery have long attracted retirees, a perfect storm of soaring costs—from housing and taxes to insurance and healthcare—is leading many seniors to question their move. Beyond the sunshine, the financial realities of life in the state are prompting widespread regret.

Feb 4, 2026

Business

Tax Refund Timelines for Washington Filers: Key Dates and Potential Delays in 2026

With the IRS now processing returns, Washington taxpayers are looking ahead to their 2026 refunds. Here’s a breakdown of expected timelines, common holdups, and how state-specific credits could affect your wait.

Feb 4, 2026

Wealthy Households Poised to Reap Largest Gains from 2026 Tax Overhaul

While the OBBBA extends tax relief to millions, analysis shows high-income filers are positioned to capture a disproportionate share of the benefits, raising questions about the law's equity.

Feb 4, 2026

Business

Financial Expert Ramit Sethi Proposes Lifting Social Security Tax Cap as Critical First Reform Step

With Social Security's trust fund projected to face insolvency by 2032, personal finance author Ramit Sethi argues that eliminating the wage cap on payroll taxes is an essential starting point for shoring up the vital program, which provides over half the income for nearly half of senior women.

Feb 3, 2026

Business

Tax Refund Delays in Michigan: How to Track Your Money and What Could Be Holding It Up

As the 2026 tax season kicks off, Michigan residents eager for their refunds can utilize state and federal online tools to check their status, though several common issues can cause processing delays.

Feb 3, 2026

IRS Confirms Tax-Free Status of $1,776 'Warrior Dividend' for 1.5 Million Service Members

The Internal Revenue Service has officially designated a one-time $1,776 payment to approximately 1.5 million U.S. service members as non-taxable income, providing a financial boost that does not need to be reported on federal returns.

Feb 2, 2026

Business

Tax Traps: The Common and Costly Errors Plaguing Middle-Class Filers

Tax professionals warn that routine oversights in retirement planning, side income reporting, and credit claims are eroding the financial health of middle-income households, with new rules making a review more urgent than ever.

Feb 2, 2026

California's Billionaire Tax Debate: A New Front in the Battle Over Wealth and Power

A proposed wealth tax on California's ultra-rich has ignited a fierce debate, pitting tech billionaires against a coalition of millionaires who argue it's time for the wealthy to pay more. The fight echoes past battles over Silicon Valley's influence and raises questions about the state's economic future.

Feb 2, 2026