Individual Income Tax Law

Individual Income Tax Law refers to the regulations governing how states and localities tax the income earned by residents and non-residents working within their jurisdictions. This law determines how much tax individuals must pay based on their earnings, including wages, salaries, and other forms of income. Each state has its own tax rates, exemptions, and deductions, affecting the overall tax burden. Additionally, local governments may impose their own income taxes. Understanding these laws helps individuals comply with tax obligations and plan their finances effectively.