News / Article

Make $100,000? Here's where you're likely to get the biggest tax cut

Source: money.cnn.com/2018/06/21/pf/taxes/tax-cuts-state-by-state/index.html - Jun 22, 2018

What was true of the old tax code is still true of the new one: Two people who make the same income could still have very different federal tax bills.

That same principle also applies to the recent tax cuts.

While the majority of filers will see a tax cut this year, a new Tax Foundation analysis found there are differences in how big the average cuts will be in a given income group based on where filers live.

For example, someone with a household income between $100,000 and $200,000, would see the biggest average tax cut in Alaska ($2,174) and the smallest in Maryland ($1,546).

CLICK SOURCE TO READ ARTICLE

Category: General Business