State and Local Income Tax Bracket Updates

The Tax Foundation has listed an updated list of state and local tax brackets.
Some key changes that they found for this year include:

  • State income tax systems have significant variation in structure, rates, deductions, and exemptions, including 9 states with no income tax on wages and 8 with flat income taxes.
  • North Carolina became a flat tax state, moving from three brackets to just one.
  • Massachusetts, another flat tax state, reduced its rate slightly.
  • Kansas, North Dakota, Ohio, and Wisconsin all made across-the-board income tax rate reductions relative to 2013 rates.
  • Minnesota added a high-earner tax bracket of 9.85 percent on income over $152,540 for single filers.

For a full list of changes visit:
State Tax Income Brackets for 2014 Update

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