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New Hampshire doesn’t tax personal income, but it does have a 4% tax on dividends and interest with a total gross from all sources of $2,400 for individuals. This tax is set to be phased out by ...
Image source: Getty Images. Here's a look at how various states tax retirement income. The nine states that don't tax income. When it comes to the taxation of income, you're in luck if you live in ...
Even states that are known for relatively high taxes like New York State will reduce your property tax by as much as 50% if you’re over 65. You must have an income that’s below the maximum set ...
Residents of Texarkana, Arkansas are exempt from Arkansas income tax; wages and business income earned there by residents of Texarkana, Texas are also exempt. Arkansas's gross receipts tax and compensating tax rate is currently 6%. The state has also mandated that various services be subject to sales tax collection.
Massachusetts taxes most retirement income using its 5% state income tax. Seniors may be exempt from paying state income tax if they are a single filer making $8,000 or less, a head of household ...
Act 182 cuts Arkansas's top individual income tax rate from 6.9 percent to 5.9 percent over two years. In the special session, both chambers unanimously sent identical COVID-19 relief-related bills enabling the creation of a $173 million COVID-19 Rainy Day Fund from previously unallocated reserves. [ 9 ]