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
change
Image By New Africa From Shutterstock

#7 North Carolina

If you have recently moved to North Carolina or you are a long-time resident, then you should rejoice as the state has decided to go against the grain when compared to the tax rates that have seen changes at the federal level. The income tax rate at an individual level has seen changes in the latest years, including the state’s intention to make it a flat rate and not have it be progressive like in other states.

Thus, not only has it been cut down from the 5.25% rate that we saw active in 2021 (to 4.99% for 2022), but the state has an ongoing plan to continue lowering it down to 3.99% by the year 2027. While it may not seem like the change is that significant, it will be seeing a major reduction by the time it hits its full potential.

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Your email address will not be published.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

  • Laptop showing an order return screen beside folded cardigans, a shipping box, and a return label on a table. 10 Store Return Tricks That Backfire on the Shopper
  • A senior couple sits at a wooden table, with the woman reading a retirement summary paper while the man drinks coffee. 7 Reasons Retirees Are Choosing Fixed Indexed Annuities
  • A mature man sits on a sunny terrace overlooking a hillside town, beside a steaming mug and a tablet displaying bank balances. 12 Countries Where American Retirees Can Bank Without Extra Fees
  • A woman sits at a wooden dining table reviewing retirement account paperwork alongside folders, mail, and eyeglasses. 10 Signs You Need to Update Your Beneficiaries Now
  • Man sitting at an outdoor café table examining a U.S. passport, tax documents, and an espresso cup. 12 Countries With Tax Treaties That Protect Retiree Income
  • Senior couple sitting at a wooden table in a sunlit kitchen, the man drinking from a mug and the woman reading a book. 11 Money Habits That Separate Relaxed Retirees From Anxious Ones
  • Senior man sitting at a wooden table looking thoughtfully at a financial portfolio on a digital tablet. 8 Reasons Retirees Are Ditching Traditional Banks
  • Watercolor illustration of a senior couple walking down a trail past milestone markers labeled 2027, Tax Policy, and 2028. What Are the Projected IRMAA Brackets for 2027 and 2028?
  • Senior man sitting at a wooden desk with paperwork, a pen, and a steaming mug, looking thoughtfully out a window. 12 Biggest Money Mistakes to Avoid in Your 70s
  • A senior couple reviews financial documents, a monthly budget, and a year-end planner at a dining table. 8 Ways Retirees Could Save $10,000 by the End of the Year

Newsletter

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

Related Articles

climate

You Can Save $10K NOW With These Climate Tax Breaks

Electric Vehicle If there was one of the tax breaks you were probably expecting to…

Read More →
stimulus check

2023: Will You Get a Stimulus Check? Let’s Find Out!

Moreover, experts say that stimulus checks aren’t exactly necessary because people can get through hard…

Read More →
retirees

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

7. The Philippines The Philippines is an archipelago consisting of 7,000 tropical islands, and it…

Read More →
experts, reduce, change, taxes, home, income

These 5 Types of Retirement Income Are NOT Taxable

Roth Withdrawals If you have a retirement savings account, be it a traditional IRA or…

Read More →

Warning: 9 Reasons The IRS Can Audit You Anytime

8. Claiming non-existent dependents The IRS watches people who are trying to scam them. In…

Read More →
save

6 New Ways Retirees Can Save on Taxes This Season

#6 File your taxes on time to save money This is the simplest way to…

Read More →
experts, reduce, change, taxes, home, income

Want to Reduce Your Taxes? Here Are 7 (Necessary) Tips 

7. Upgrade your home If you were looking for a way to upgrade your home,…

Read More →
Tax

5 Tax-Efficient Ways to Share Wealth with Kids

A mother watches her son play outside, considering how smart tax planning today secures his…

Read More →
A graph showing the comparison between a standard deduction amount and itemized deductions for a retired couple, illustrating which option results in lower taxable income.

10 Overlooked Tax Deductions for Retirees

6. State and Local Tax (SALT) Deductions The State and Local Tax deduction, often called…

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.