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2. 4 States Offering Unique Tax Breaks for New Homeowners - AOL

   www.aol.com/finance/4-states-offering-unique-tax...

   Across the U.S., real estate prices continue to rise. The median sales price in the U.S. rose 5% over the past year to reach $434,720, according to Redfin. Meanwhile, mortgage rates remain ...

3. New Yorkers could get up to $500 check in first unveiling of ...

   www.aol.com/news/yorkers-could-500-check-first...

   Taxpayers in New York could receive $500 refund checks next year, as part of Gov. Kathy Hochul’s first official proposal to combat the cost of living in 2025. ... The tax rebates are the first ...

4. How all 50 states tax retirement income: A comprehensive list ...

   www.aol.com/finance/states-that-tax-retirement...

   New Mexico taxes retirement income using state income tax rates, which range from 1.7% to 5.9% in 2024. Residents ages 65 and older can claim an $8,000 exemption to offset their tax burdens.

5. State income tax - Wikipedia

   en.wikipedia.org/wiki/State_income_tax

   New Hampshire – no individual income tax. The state taxes dividends and interest at 3% in 2024. The former 5% tax was decreasing by 1% each year, but a 2023 law accelerated the repeal to the start of 2025. [15] For large businesses, the 0.55% Business Enterprise Tax is essentially an income tax. The state also has a 7.5% (2024) Business ...

6. Raising the SALT Cap Is a Gift to High-Tax States (opinion) - AOL

   www.aol.com/news/raising-salt-cap-gift-high...

   While it did lower marginal income tax rates across the board, reducing the top rate from 39.6 percent to 37 percent, it also capped the deduction for state and local taxes (SALT) at $10,000 annually.

7. Taxation in the United States - Wikipedia

   en.wikipedia.org/wiki/Taxation_in_the_United_States

   Tax rates vary by state and locality, and may be fixed or graduated. Most rates are the same for all types of income. State and local income taxes are imposed in addition to federal income tax. State income tax is allowed as a deduction in computing federal income, but is capped at $10,000 per household since the passage of the 2017 tax law ...

8. State and local tax deduction - Wikipedia

   en.wikipedia.org/wiki/State_and_local_tax_deduction

   The state and local tax deduction (SALT deduction) is a United States federal itemized deduction that allows taxpayers to deduct certain taxes paid to state and local governments from their adjusted gross income. The SALT deduction is intended to avoid double taxation by allowing taxpayers to deduct state and local taxes from their federal ...

9. Why did my mortgage payment go up? - AOL

   www.aol.com/finance/why-did-mortgage-payment...

   Key takeaways. Local and state governments raising property tax rates, home insurance providers increasing premiums and lenders offering rate buydowns may trigger a mortgage payment increase.