state income taxes

8 States Making Tax Changes: Some Painful, Some Pleasant

As you prepare your tax returns for 2012, be warned: A number of states have made or are considering big changes to their state income taxes. With some of those changes already having taken effect, you need to know whether you're in the line of fire -- or in line for a tax break.

Are American Shoppers About to Lose a Big Tax Break?

With Black Friday just a few days away, shoppers across the nation are getting their wallets and pocketbooks ready to rumble. What many don't realize, though, is that the federal deduction on sales tax that was part of the shopping equation for them in previous years may disappear come January.

How Cuts to State Taxes Could Hit Voters in the Wallet

Several states are currently weighing plans to phase out state income tax; the aftermath of similar policies in other states suggests that these initiatives could carry a very high price for some of the country's poorest citizens.