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Wednesday, March 27, 2024

Map: How ‘tax-friendly’ is TN compared to other states?

Tax season isn’t really fun for anyone, but some states’ residents have it harder than others this time of year.

As families around the country collect their paperwork and get ready to file, people in Connecticut, Illinois, Iowa and New Jersey may find themselves with a heftier tax bill than their neighbors in other states.

An updated analysis by MoneyGeek, a personal finance site, evaluates how “tax friendly” each state is by calculating the tax burden on the average citizen. States with low tax burdens earned an A, while those with the highest tax burden earned Fs.