5 States with Income Tax Cuts in 2024

Page 1 of 5

In this article, we will look at 5 states with income tax cuts in 2024. If you want to read our detailed analysis, head straight to 16 States with Income Tax Cuts in 2024.

5. Indiana

Personal Income Tax in 2024: 3.05%

Personal Income Tax in 2023: 3.15%

Indiana has reduced its personal income tax rate to 3.05% and House Bill 1001 prescribes further rate reductions to 3% in 2025, 2.95% in 2026, and 2.9% in 2027 and beyond. Indiana is placed fifth among the states with income tax cuts in 2024.  

Page 1 of 5