USA Today

What is a national consumption tax? How it differs from income tax.

Do you live in a state that has a high sales tax? A state that imposes no sales tax at all? Consumption tax, the category that includes sales tax, is often a footnote at the end of a receipt, but it ...
USA Today

What is income tax? What to know as tax season starts.

Filing taxes can be daunting, even overwhelming. Whether you file with help from a professional or on your own, calculating precisely what you owe to the Internal Revenue Service, or what the IRS owes ...
WHAS11 News

'Every dollar in my pocket counts': Kentuckians set to pay less in income tax starting Jan. 1

LOUISVILLE, Ky. — Starting Jan. 1, 2026, Kentuckians will be paying less in individual income tax, dropping from 4 percent to 3.5 percent after state lawmakers passed a bill early in 2025 to approve ...
WLKY

Kentucky’s lower individual income tax rate starts Jan. 1

Earlier this year, a bill was signed into law to lower Kentucky's individual income tax by half a percentage point.That lower rate starts right at the beginning of 2026.The rate is currently at 4%, ...
Seattle Times

Ferguson backs WA income tax on millionaires

Gov. Bob Ferguson has thrown his support behind an income tax on millionaires, backing what would be a seismic shift in Washington’s tax code. At a budget news conference Tuesday, Ferguson endorsed a ...
The Spokesman-Review

Ferguson expresses support for income tax on millionaires in Washington

OLYMPIA – Gov. Bob Ferguson said Tuesday he supports a state income tax on those who make more than $1 million a year. The proposal, he said, would be tied to reducing sales taxes on baby and hygiene ...
WKYT

Kentucky income tax rate drops to 3.5% in January

FRANKFORT, Ky. (WKYT) - Kentucky’s individual income tax rate will drop to 3.5% on Jan. 1, 2026, cutting state revenues and tightening lawmakers’ budget choices as they prepare the next two-year ...
Think Advisor

9 States Cutting Income Tax Rates on Jan. 1

On Jan. 1, eight states will reduce individual income tax rates, and Ohio will transition to a single-rate income tax, eliminating the higher rate for its top tax bracket, according to a new report ...
WDAF-TV

Missouri lawmakers move to eliminate state income tax

JEFFERSON CITY, Mo. — Nine states across the United States have already eliminated their state income tax. Now, Missouri lawmakers are laying the groundwork to make the Show Me State number ten with ...
Reuters

Japan to raise tax-free income threshold to ease inflation squeeze

TOKYO, Dec 18 (Reuters) - Japan is set to raise the tax-free income threshold and expand deductions for middle-income earners under a deal between Prime Minister Sanae Takaichi's minority government ...
KSTP-TV

Minnesota sets 2026 income tax brackets, exemption amounts

As we near the end of 2025, state and local officials continue to set key rates that will impact taxpayers next year. On Tuesday, the Minnesota Department of Revenue announced the 2026 income tax ...
WBUR

The debate over the possible 2026 income tax ballot questions in Mass.

Senate and House budget chiefs Sen. Michael Rodrigues and Rep. Aaron Michlewitz at a hearing in February 2020. (Sam Doran/SHNS File) Editor's Note: This is an excerpt from WBUR's daily morning ...