These state income tax rates apply to income earned in 2024, which is reported on tax returns filed in 2025. Note that the dollar amounts in the income brackets apply to single filers; in many ...

If you haven't filed yet, you might want to know that there are new federal income tax brackets for tax year 2024. Every year ...

I’ll lay out the seven tax brackets and rates for both 2024 and 2025 in easy-to-understand tables, provide mathematical ...

Currently, in Alabama, the maximum gross income to claim a standard deduction for married filing jointly is $25,500, and the ...

A new Alabama ... 5% state income tax rate on more than $3,000 of wages, including those earned from overtime hours. Other than the new Alabama overtime law that will apply in 2024, the state ...

There is a possibility for another Alabama grocery tax reduction in September 2024. If enacted, the grocery tax will drop another 1%, making the state sales tax on food 2%. However, it’s unclear ...

A state income tax exemption on overtime pay that has been in effect since January 2024 will expire at the end of June unless ...

Every year, the IRS adjusts more than 60 tax provisions, including federal tax brackets, in order to prevent people from being pushed into higher income tax brackets solely due to inflation.