Make money work for you!

  • Home
  • Personal Finance
  • Budgeting
  • Shopping
  • Taxes

9 States That Made Big Changes to Their Tax Laws

September 9, 2022 · Taxes
income tax, change
Photo by ANDREI ASKIRKA from Shutterstock

#1 Colorado

This state joined another five in passing a new tax law that changes the pass-through level. The changed law implements a new entity election in 2022, and it will impact small businesses the most. They will be allowed to make the choice (hence the election option) about whether they want their business to be taxed like before, through an individual income tax system, or if they want to use the new method.

Analysts have said that this new tax system is comparable with what we can see at the corporate income tax level. Thus, if you or someone you know is living in Colorado and they have a partnership or LLC, then they could be choosing to have a 4.55% tax rate.

Pages: 1 2 3 4 5 6 7 8 9 10

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

8 comments on “9 States That Made Big Changes to Their Tax Laws”

  1. Gary Wakefield Loock says:
    February 13, 2023 at 4:42 pm

    Last spring I heard the our state (Maryland) had passed legislation giving retirees a break on income taxes. I have yet to find out what that break is.

    Reply
  2. Cecile says:
    February 13, 2023 at 1:00 pm

    Well I am waiting to see what the rate for retirees. It’s crazy that they want to take away our hard earned money, working 50-60 hrs per week and save in a IRA now they are going to raise taxes to take care of illegals. Something is NOT right with this picture. It’s OUR money, not the governments.

    Reply
  3. PHILIP SIMON says:
    November 22, 2022 at 12:10 pm

    Although, I do not make a big salary on my job, but, I am affected bytax prices. I will never vote for Dem’s.

    Reply
  4. arthur cohn says:
    November 21, 2022 at 1:55 pm

    I need more info please?

    Reply
  5. James Spratt says:
    November 20, 2022 at 4:45 pm

    Just another way for the wealthiest of us to keep their money! If you want to impress me with tax break maybe cut the ridiculously high property tax’s in Iowa. Property taxes should not be a bigger monthly payment then your mortgage principle balance but it is?

    Reply
Se încarcă comentarii...

Nu mai există comentarii de afișat.

Search

Latest Posts

  • Watercolor illustration of an older woman on a garden bench handing a lemon to an outstretched arm over a stone wall. 10 Money Mistakes Grandparents Make When Helping Family
  • A smiling woman wearing a museum staff docent badge gestures toward a glass display case inside a sunlit botanical conservatory. 9 Jobs for Retirees That Pay Better Than Minimum Wage
  • Watercolor illustration of an older couple walking in an autumn park past a kiosk poster reading 2026 Tax Relief. What the 2026 Senior Tax Deduction Means for You
  • Infographic showing four retail quarters with seasonal goods like bedding, patio furniture, winter gear, and a television. 9 Store Sale Cycles Every Shopper Should Know
  • Illustration of a hand cutting paper ribbons labeled with household fixed expenses using scissors before a new year timeline. 11 Ways to Trim Fixed Expenses Before the New Year
  • Man crouching in a pharmacy aisle selecting skincare lotion near a red basket filled with bandages and medicine. 7 Products Worth Buying at Drugstores
  • Wooden stage with a podium, seated audience, and an easel sign reading OASI TRUST FUND 2032 78 percent amid fall foliage. Social Security Promises Candidates Are Making This Fall
  • A man standing by an open car trunk filled with shopping bags in a Walmart parking lot, checking a receipt and phone. 6 Ways Walmart Shoppers Are Getting Tricked This Holiday Season
  • Older man wearing an apron and gloves trims potted lavender plants with pruning shears in a sunlit plant nursery. 8 Things to Know About Social Security and Part-Time Work
  • Senior woman holding a head of cabbage beside a grocery cart filled with produce in a supermarket produce aisle. 12 Cities With the Cheapest Groceries for Retirees

Newsletter

Get money-saving tips and personal finance advice delivered to your inbox.

Related Articles

IRS refund

Tax Refund Alert: Americans May See a $1,000 Increase in 2026

Are 2026 Tax Refunds Really Expected to Be the Largest Ever? According to a House…

Read More →
retirees

Moving Abroad? These 9 Countries Don’t Tax Retirees at All!

1. Costa Rica Costa Rica tops most lists of the best places to retire, and…

Read More →
stealth

7 Stealth Taxes that Can Destroy Your Retirement

The 10-year payout rule Let’s discuss the latest news: the 10-year payout rule. The rule…

Read More →
death taxes

13 US States With the Highest Death Taxes

1. Connecticut Estate tax: Yes Estate tax rates: 11.6% or 12% Estate tax exemption level:…

Read More →
taxes, income stealth, check

8 Surprising Things You Must Pay Taxes For

Discovering a chest of gold coins in a sunlit attic is a dream, but don’t…

Read More →
Illustration of stepped colored paper tabs labeled Schedule 1 Adjustments and Standard Deduction beside a tax form.

5 Expenses You Can Still Deduct in 2026 – Even If You Take the Standard Deduction

Discover 5 key expenses you can still deduct on your 2026 taxes without itemizing, from…

Read More →
tax burdens stealth return

7 States With Largest Tax Burdens for Middle-Class Families

A concerned couple reviews financial spreadsheets in their kitchen, reflecting the growing tax pressures facing…

Read More →
A retired couple reviews their tax documents and budget at a sunlit wooden kitchen table in a warm, candid photographic scene.

7 Signs Your Tax Withholding Needs Adjusting in Retirement

Learn 7 key signs your retirement tax withholding needs adjusting. Avoid IRS penalties and optimize…

Read More →
tax deductions, save

Top 9 Most Hassle-Free Deductions on Taxes

State sales taxes This example probably makes a lot of sense for those who live…

Read More →
The Money Place

Make money work for you!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Trust & Legal

  • Contact
  • Editorial Policy
  • Advertiser Disclosure
  • FAQ
  • Subscribe
  • Unsubscribe
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • Do not sell my personal information
  • Request to Know
  • Request to Delete
  • CA Private Policy

Categories

  • Budgeting
  • Personal Finance
  • Shopping
  • Taxes

© 2026 The Money Place. All rights reserved.