Tag: retirement income
Hogan proposes more than $1 billion in tax cuts for retirees
by Bryan Renbaum | January 16, 2020 | General Assembly, News | 4 |
Retirees who make $50,000 a year or less “will pay no state income tax whatsoever” under the Retirement Tax Reduction Act of 2020, Hogan said. Retirees who make less than $100,000 a year would see their state taxes decrease from 50 to 100 percent, he said.
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