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The Latest Breaking News from Income Tax

Mississippi Drivers: Why Your Income Tax Just Dropped to 4% (And What to Do With the Extra Cash)

If you look at your pay stub this month, you might notice a small but welcome change. Your take-home pay is slightly higher. That is because Mississippi is in the middle of a historic tax overhaul. As of January 1, 2026, the state individual income tax rate has officially dropped…

Budget and the Bees

California's 'Billionaire Tax' Could Bite Harder Than Advertised

The proposed tax is already driving people and businesses to flee the state.

Reason

Will Trump Replace the Income Tax? The 3 States That Would Suffer the Most

Will President Trump replace the income tax? If so, here are three states that may suffer the most.

GOBankingRates

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I Asked ChatGPT What Would Happen If Income Taxes Became Flat-Rate

ChatGPT predicted winners, losers and major economic shifts if federal income taxes were to go flat-rate. Here's how a flat tax could impact your wallet.

GOBankingRates

HC quashes I-T notice against NDTV founders, slams Rs 2 lakh fine on tax department

The Delhi High Court has quashed the income tax reassessment notices issued to NDTV founders Prannoy Roy and Radhika Roy in March 2016 over certain interest-free loans to NDTV promoter RRPR Holding, according to Bar and Bench. The court also told the tax department to pay a token cost of…

Newslaundry

I Asked ChatGPT What Would Happen if Trump Eliminated Income Tax — Here’s What It Said

Experts warn of a $2 trillion budget gap, new taxes, economic risks, unequal impacts and major political obstacles regarding Trump's income tax proposal.

GOBankingRates

9 States With No Income Tax — Ranked From Worst to Best

Living in a state with no income tax can feel like getting an instant raise, but not all tax-free states are created equal. You might not be paying state income taxes, but you’ll pay in other ways. From sky-high housing costs to hidden fees, some “no-tax” states may actually cost…

Clever Dude

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Georgia Tax Rebate And Income Elimination? What 2026 Could Mean For You

We break down how lawmakers aim to axe the state income tax and how much you could get in a Georgia tax refund in 2026.

Kiplinger

Moving To These 9 States Could Add Thousands to Your Salary — Without a Raise

Nine states charge no income tax in 2026. Move from California while earning $92,000 and save $2,843 yearly. High earners save $17,000+ without a raise.

GOBankingRates

John Swinney under fire over ‘smallest tax cut in history’ after Scottish Budget

The First Minister was challenged at Holyrood over income tax proposals in this week’s Scottish Government Budget.

Evening Standard

2026 State Tax Changes to Know Now: Is Your Tax Rate Lower?

As a new year begins, taxpayers across the country are navigating a new round of state tax changes.

Kiplinger

Scottish budget: SNP government cuts taxes for lowest earners

Ministers will hope package of measures can aid efforts to retain power in May’s Holyrood elections

The Guardian - UK

Florida's Gubernatorial Candidate Wants to Snatch 50% of OnlyFans Checks As the Ultimate 'Sin Tax'

Florida gubernatorial contender James Fishback sparks debate with a proposed 50 % tax on OnlyFans creators' income to help pay for schools and public programmes ahead of the 2026 election.

International Business Times

When Do W-2s Arrive? 2026 Deadline and 'Big Beautiful Bill' Changes

Mark your calendar: Feb 2 is the big W-2 release date. Here’s the delivery scoop and what the Trump tax changes might mean for your taxes.

Kiplinger

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International Business Times UK

Indiana, Montana, and Ohio Cut Income Tax Rates as Five More States Follow — Is Yours One of Them?

Eight US states slashed income tax rates on 1 January 2026, but fiscal warnings emerge as Nebraska's surplus turns to a shortfall amid the nationwide tax-cutting trend.

The Independent UK

What does tax relief really mean? Explaining the pension superpower you need to know about

The ‘hidden hero’ can add serious income to your retirement savings

Clever Dude

Live in One of These 8 States? Your Taxes Just Dropped

If you live in one of eight lucky states, your paycheck just got a little fatter. As of January 1, 2026, these states officially lowered their income tax rates, giving residents a welcome break amid rising costs. Whether you’re a retiree on a fixed income or a working parent juggling…

Kiplinger

States That Tax Social Security Benefits in 2026

Not all retirees who live in states that tax Social Security benefits have to pay state income taxes. Will your benefits be taxed?

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Euronews

Greece introduces 2026 tax cuts aimed at families and young workers

Athens has lowered most income tax rates by two points and rolled out extra breaks tied to children and for younger workers, including zero income tax for under-25s earning up to €20,000.

GOBankingRates

9 States with No Income Tax — Lower Your Tax Bills by Moving to These States

These nine states offer some relief from the high cost of living these days, with zero income tax. But beware that you're still on the hook for other taxes.

MyLifeXP

Did You Know? India’s Auto Industry Ended 2025 With a Powerful Sales Surge

The Indian auto industry closed 2025 with renewed confidence and strong momentum. December emerged as a key recovery month as leading carmakers recorded double digit growth in domestic sales. After struggling with weak demand earlier in the year, the sector benefited from improved affordability, supportive government policies, tax relief measures,…

GOBankingRates

5 States Where the Top 1% Pay the Least in Taxes

Find out which five states let the top 1% pay the least in taxes and what that means for wealth distribution and tax policy in the U.S.

The Independent UK

MTG says Trump voters are so ‘fed up’ they are planning a tax revolt this year: ‘And rightfully so!’

Retiring Republican congresswoman Marjorie Taylor Greene expresses sympathy with MAGA discontent amid growing talk of income tax protest

The Independent UK

Scots Tory leader Findlay ‘not holding breath’ on budget deal

Scotland’s Finance Secretary will lay out the Government’s budget plans in January.

The Independent UK

Why not understanding your taxes can cost you more money

A recent survey revealed that most Americans lack ‘basic tax literacy’

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