9 States Cutting Income Tax Rates on Jan. 1

Slideshow December 22, 2025 at 02:15 PM
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On Jan. 1, eight states will reduce individual income tax rates, and Ohio will transition to a single-rate income tax, eliminating the higher rate for its top tax bracket, according to a new report from the Tax Foundation. They are among the 43 states that will experience notable tax changes in the new year.