State taxes

Luxury second homes in New York will have to be taxed far more to generate the revenue the city is counting on to help close a gaping budget hole.

New York City Mayor Zohran Mamdani insisted his push for a new tax on pricey second homes isn't "motivated by any one individual."

Officials in some states are seeking to regulate prediction markets like casinos, requiring the companies to apply for state licenses and pay state taxes.

Josh Gottheimer is looking to roughly double the cap on state and local tax deductions, in a bid to secure more savings for residents in high-tax states.

The second-home plan is expected to be part of ongoing state budget negotiations and would levy a yearly surcharge on pied-à-terres.

The war in Iran is prompting states across the country to consider temporarily cutting fuel taxes, a relief measure that could cost them millions of dollars.

The 10 states that offer the least in return for their residents' tax payments.

The 10 states that offer the best return for residents' tax dollars.

A recent study calculated which U.S. states put the heaviest tax burden on their residents.

Major companies are fighting against the legislation's attempt to cut income taxes in the Peach State.

A recent study calculated which U.S. states have the lightest touch when it came to dipping into their residents' pockets.

Residents exiting Massachusetts took a net of $4.2 billion in adjusted gross income with them in 2023, one of the largest totals in the country.

If the change were enacted, New York's estate tax exemption threshold would be the lowest in the U.S.

While Republican-led states are mostly adopting the various tax changes from the One Big Beautiful Bill Act, some states led by Democrats are refusing to go along.

California's proposed wealth tax has become one of the most closely watched fiscal policy experiments in American history.

Washington state is set to approve a new tax on millionaires, a measure that would shift how the state raises money and set off a likely court fight.

By the time they realize it's too hard to do in-house, it may be too late.

Only a few state governments are ready to transition out of the IRS FIRE system and into its new IRIS system next year.

New York City Mayor Zohran Mamdani has thrown down an ultimatum, threatening to raise property taxes by nearly 10%.

New proposals in seven states could soon subject over half of all U.S. millionaires to targeted high-earner tax rates.