by OverviewFX | Feb 20, 2025 | taxes
Navigating child support and taxes can be challenging, especially for parents managing their finances after a separation or divorce. Understanding how child support impacts your tax responsibilities can help you avoid surprises during tax season. An important thing...
by OverviewFX | Feb 19, 2025 | taxes
Arkansas has a graduated state income tax with rates up to 3.9%. Unlike states with flat tax rates or states with no income tax at all, Arkansas uses a progressive system where the rates increase with income. For example, taxpayers who earn more than $25,700 in...
by OverviewFX | Feb 19, 2025 | taxes
Connecticut introduced its first state income tax—a flat rate of 4.5%—on August 22, 1991, to help offset a $963 million budget deficit. Today, the state uses a progressive state income tax system with seven tax rates—ranging from 2% to 6.99%—for the 2024 tax year (the...
by OverviewFX | Feb 15, 2025 | taxes
Homeowner Tax Deductions: Maximize Your Savings While Making Home Sweet Home Even Sweeter – Intuit TurboTax Blog Skip to main content
by OverviewFX | Feb 15, 2025 | taxes
Tennessee is one of the few U.S. states with no income tax. This can potentially boost your take-home earnings if you’re a Tennessee resident. With no individual income tax, the state relies on a high sales tax—one of the highest in the country—along with local...
by OverviewFX | Feb 15, 2025 | taxes
Arizona’s state income tax rate is one of the simplest in the country for individuals with a flat rate of 2.5%. This fixed rate began in the 2023 tax year and replaces the state’s former tax bracket system. This means that all individual taxpayers—no matter how much...
