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  2. Here are 9 states cutting their individual income taxes ... - AOL

    www.aol.com/news/9-states-cutting-individual...

    Mississippi, which also has a Republican legislature and governor, will reduce its individual income tax rate to 4.4% on Jan. 1, down from 4.7% in 2024. That might not be the last tax reduction ...

  3. IRS announces new tax brackets for 2025. How many Ohio ... - AOL

    www.aol.com/irs-announces-tax-brackets-2025...

    The IRS has raised the income thresholds for tax brackets by about 2.8% from 2024, CBS News reports. The agency also increased the standard deduction to $15,000 for those filing individually (an ...

  4. IRS announces new income tax brackets for 2024 - AOL

    www.aol.com/news/irs-announces-income-tax...

    The agency has boosted the income thresholds for each bracket, applying to tax year 2024 for returns filed in 2025. For 2024, the top rate of 37% applies to individuals with taxable income above ...

  5. State income tax - Wikipedia

    en.wikipedia.org/wiki/State_income_tax

    States uniformly allow reduction of gross income ... (2024) Business Profits Tax. ... these states have no state corporate income tax as of Feb 1, 2020: Nevada, Ohio ...

  6. IRS releases 2024 tax brackets. See how it affects you and ...

    www.aol.com/irs-releases-2024-tax-brackets...

    Tax rates for married couples. For married individuals in 2024, the tax brackets will differ as follows: Income up to $23,200 will be taxed at a rate of 10% of the taxable income. 12% for incomes ...

  7. Tax cut - Wikipedia

    en.wikipedia.org/wiki/Tax_cut

    Top Income Tax Rate Reduction: The highest personal income tax rate dropped from 70% to 50%. Capital Gains Tax Cut: The capital gains tax rate decreased from 28% to 20%, promoting investment in productive assets. Despite the tax cuts, the ERTA did not fully pay for itself, leading to a decrease in federal revenues initially. [18]

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