The first looks at median property tax bills and effective property tax rates in each county in the United States, and the second compares effective tax rates across states. We revised the 2026 New York State personal income tax rate schedules to reflect certain income tax rate reductions enacted under the Tax Law. We also updated the New York State and Yonkers withholding tax tables and methods for 2026. These changes apply to payrolls made on or after January 1, 2026. Wyoming enjoys lower-than-average sales and property tax rates, which helps offset the lack of a state income tax, though the state relies on these taxes for much of its revenue. Overall, the cost of living is near the national average, with affordable housing keeping expenses manageable.

Credits & Deductions

• Taxpayers have until Wednesday, April 15, 2026, to file their tax returns and pay any tax due, according to the IRS.
• The new law allows individuals to deduct up to $25,000 in tips and couples can deduct up to $25,000 in overtime from their taxes.
• Enter your income to see what you’d pay in state income tax in each state, ranked from lowest to highest.
• An alien is any individual who is not a U.S. citizen or U.S. national.
• Some other changes include permitting deductions for car loan interest and new tax breaks for filers who are at least 65, according to USA TODAY.
• In fact, it ranks as the eighth-highest state for property taxes overall and second-highest among states without an income tax, behind Washington.
• Now, a payment app or online marketplace is required to send you a Form 1099-K by Jan. 31 if the payments you received for goods or services total over $20,000 in more than 200 transactions.

However, the state’s effective property tax rate (median tax bill as a percentage of the median home value) is 1.45%. The median home price income summary in New York State is $449,800, which means the typical homeowner pays $6,542 per year in property taxes. Cities and counties often add their own sales and property taxes, meaning your actual tax burden can vary widely depending on where you live within the same state — even in places that advertise themselves as “no income tax” states. New Hampshire makes up for the lack of a broad-based income tax by leaning heavily on property taxes, which account for 4.51% of its 9.6% total tax burden.

Estimated Tax

“Fallout from federal budget cuts will last years.” Kate Sopko. If you filed online or by phone, allow up to two weeks from when you filed for information to be available. If you receive a notice about an error with your return, providing additional documentation quickly will improve processing times and expedite refunds. “As a result of fraud prevention measures that protect Delaware taxpayers, refunds will not begin to be issued until Feb. 16, 2026,” the division said. In calendar year 2023 (the most recent data available), New Jersey had the highest effective rate on owner-occupied property at 2.23 percent, followed by Illinois (2.07 percent) and Connecticut (1.92 percent).

📊 Flat Tax States (

• Since 2020, allowances are no longer included on the redesigned Form W-4 for Personal Income Tax (PIT) withholdings.
• Again, while the transaction may not be “officially” tracked, you are legally obligated to report capital gains.
• After taking your first required minimum distribution in April, you also need to take your 2026 required minimum distribution by Dec. 31, 2026.
• The Internal Revenue Service has the right to deny deductions and credits on tax returns filed more than 16 months after the due dates of the returns.
• For immigrants on work visas, refugees starting a first job, or international students moving into authorized employment, withholding is often their main contact with the tax system.
• See our Withholding tax page or call our Withholding Tax Information Center.

We greatly appreciate your contribution to the Washington Research Council and our important work. You have our commitment to continue to provide timely, fact-based research and analysis on issues that affect economic vitality and job growth in Washington state. At the end of the tax calculator you can create your new 2025 W-4 or tax withholding Form. If an Opening Entry income type is not listed here, summarize the remaining income types and enter the total amount below as one entry under Other Income. YouTube’s privacy policy is available here and YouTube’s terms of service is available here. See our Withholding tax page or call our Withholding Tax Information Center.

Extension of Time and Payment of Tentative Tax

Effective rate is actual percentage paid after deductions and brackets. To calculate your exact California state tax liability, check out our California Tax Calculator to see detailed breakdowns of CA’s progressive tax brackets up to 13.3%. As of January 1, 2025, New Hampshire repealed its interest and dividends tax, joining the group of seven other states with no individual income tax.

New York Property Tax

Wisconsin individual income tax rates vary from 3.50% to 7.65%, depending upon marital status and income. Higher deductions reduce taxable income and lower effective tax rates. An Income Tax Comparison by State Calculator is a free financial tool that shows income tax rates and tax liability for all 50 US states plus Washington DC. Enter your income to see what you’d pay in state income tax in each state, ranked from lowest to highest. 1015, enacted in April 2024, the flat individual income tax rate for 2024 decreased from 5.49 percent to 5.39 percent. Although the bill allowed for an accelerated income tax rates by state schedule of future individual income tax rate reductions, the revenue conditions were not met for 2025, so the rate remains at 5.39 percent this year.

• Health is the state of physical, mental, and social well-being, and not merely the absence of disease or infirmity.
• Please note that benefit payments may require an additional 1-2 days for processing.
• Low-income-tax states often have higher property or sales taxes.
• Norway’s top personal tax rate of 39.6 percent applies to all income over 1.8 times the average Norwegian income.
• Before sharing sensitive or personal information, make sure you’re on an official state website.
• FinanceBuzz does not include all financial or credit offers that might be available to consumers nor do we include all companies or all available products.

Taxpayers who take the standard deduction cannot also itemize their deductions; it serves as an alternative. (set at $15,000 for single filers and $30,000 for joint filers in 2025) while suspending the personal exemption by reducing it to $0 through 2025. Most states use the federal tax code as the starting point for their own income taxes, but states vary in their approaches to bringing in the federal standard deduction and (currently suspended) personal exemption. Some states are conformed to out-of-date versions of the Internal Revenue Code (IRC), with California, which uses a 2015 (pre-TCJA) conformity date, as the most extreme case. Even absent conformity, some states chose to raise their own deductions and exemptions post-TCJA, which was particularly appropriate given the base-broadening nature of the federal law, some of which flowed through to state tax codes.