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State Income Tax

A collection of news and information related to State Income Tax published by this site and its partners.

Top State Income Tax Articles see all

Displaying items 1-5
  • Revamping California's tax code

    Revamping California's tax code
    The California tax code is like a handyman's rickety stepladder, as untrustworthy as it is essential. It's also proving to be hard to fix. Two blue-ribbon commissions have proposed sweeping reforms to shore up the tax code's weaknesses in recent years, only to get lost amid the Legislature's struggle to make ends meet during the downturn. Nevertheless, there may be no time like the present for lawmakers to try to make the state's revenue more reliable.
  • The risks of too much caution in setting California's budget

    Like Gov. Jerry Brown, California lawmakers expect the state to collect much more in taxes in the coming fiscal year than Brown predicted in January, when he first proposed a budget for 2015-16. The key question now, though, is how much more revenue...

    Stalemate in Congress makes tax planning nearly impossible

    Here we are less than six months away from the "fiscal cliff" and Congress shows little sign of pulling the country back from the brink. The fiscal cliff is the result of the Bush-era tax cuts expiring at year's end combined with $1.2 trillion in...

    High earner? Here's how the 'fiscal cliff' deal affects you

    High earner? Here's how the 'fiscal cliff' deal affects you
    For better or worse, Marylanders may be more affected by the fiscal cliff tax deal than residents in other parts of the country. Maryland is one of the wealthiest states, and its residents have the nation's highest median income. That means they likely...

    7 ways to save on federal income taxes before Dec. 31

    7 ways to save on federal income taxes before Dec. 31
    Uncle Sam may provide you with some holiday gifts -- tax savings that can amount up to thousands of dollars -- if you act before Dec. 31. The federal income tax credits and deductions may come in handy as this year couples will not receive the $800...