income tax

Hoosier small businesses can get greater federal tax savings this year because of the first bill from the 2023 session that’s been signed into law.

Rep. Chuck Goodrich (R-Noblesville) said his bill to increase Indiana’s earned income tax credit would be a huge boost to addressing generational poverty.

Indiana Senate Republicans want the state to take a comprehensive look at its tax system – with an eye towards eliminating the income tax by the end of the decade.

The Michigan Treasury Department says student loans that are forgiven under a federal program won’t be taxed as income.

Governor Gretchen Whitmer vetoed a bill Friday that was sent to her by the GOP-controlled Legislature to reduce the state’s income tax rate.

Lawmakers sent a $1 billion tax cut to the governor’s desk in the early hours of Wednesday morning, ending their 2022 session.

The Michigan Senate gave final approval Thursday to a bill that would drop the state’s income tax rate to under 4%.

Gov. Eric Holcomb wants Indiana to match the lowest individual income tax rate of any state that has one in the country.

The Indiana House approved a tax cut package Thursday that will eventually cost the state $1 billion a year in revenue.

A proposed tax cut package introduced by Indiana House Republicans this week would cost the state more than $1 billion a year in revenue within the next…