Recent changes to the federal tax structure will have an immediate impact on residents of Washington DC and Virginia. While the overall tax burden for those living in the nation’s capital will go down, local taxes in DC will increase. Continue reading Local Taxes In DC To Raise After Recent Federal Overhaul
The cost of living in Colorado is on the rise. To combat this, state representatives have unveiled a possible solution. The Colorado Child Care Tax credit proposes to expand the state’s existing child care tax credit by an estimated $14 million. Whether it passes is uncertain. Continue reading Colorado Child Care Tax Credit Faces An Uncertain Future
For individuals living in high tax states such as California, New York, or Connecticut; states with no income tax may seem like a mythical beast. Could such a wonderful land actually exist? They do, and there are plenty of them. However, before you decide to pick up and move to one of these bastions of economic freedom, there are a few things to consider. Continue reading Are States With No Income Tax Better For You?
Florida has always been a popular destination for individuals looking to escape high-tax states. However, with the new tax overhaul set to take effect, the Florida tax haven is looking even more enticing now. Continue reading The Florida Tax Haven Is Looking More Enticing Now
There’s a lot of residents moving out of Vermont these days. In 2016, the state lost 16,500 residents to other states. Taxes are partially to blame, but the trend is somewhat troubling. Vermont has seen a net loss of residents for the past 10 years. Continue reading More People Moving Out Of Vermont Than Moving In
The results are in and they may shock some. While each state has its share of poverty, one state is the worst. Despite problems in Detroit in recent years, or the declining economies in rural states: the poorest state in the country is California. Continue reading Ready To Be Shocked? The Poorest State In The Country Is……
The recent tax reform bill has passed and new standards will soon go into effect. One of the most controversial components has been the capping of SALT deductions at $10,000. Which states will be the hardest hit? Mostly the coasts. Continue reading States Hardest Hit by Capping of SALT Deductions
Seven hypothetical scenarios provide a sense of the impact you can expect on your personal budget from impending tax rate changes.