"Georgia Welcomes 2024 with Tax Cuts and Fresh Laws"

In 2024, at least 12 states in the U.S., predominantly with Republican leadership, are implementing tax cuts to lower income tax rates for residents. Arkansas, Connecticut, Georgia, Indiana, Iowa, Mississippi, Montana, Nebraska, New Hampshire, North Carolina, Ohio, and South Carolina are among the states reducing their tax rates, with some moving towards a flat tax system. These changes are part of broader tax reforms aimed at providing financial relief amidst ongoing inflation, with varying thresholds and rates depending on the state.