January 29, 2024

CBS News: 14 States are Cutting Individual Income Taxes in 2024. Here are Where Taxpayers are Getting a Break

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The reductions represent a continuation of “tax cut fever,” as termed by the left-leaning Institute on Taxation and Economic Policy (ITEP). The drive to cut state taxes began during the pandemic when many states found themselves flush with tax revenue. With coffers fat, lawmakers sought to provide some relief to their constituents, typically through tax rebates or rate reductions.

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