State Income Tax Rate Goes Up Today

Taxes Getty RF

Effective today, the state withholding tax rate on your pay is going up.

That's because the federal rate is going down as a result of the new tax law approved by Congress and President Trump.  While that may not make sense, it's a state constitution-mandated action.

Louisiana residents are expected to fork over upward of $226 million in additional state income taxes annually as a result of the new federal tax law.

Copyright © 2018 TTWN Media Networks LLC Photo: Getty Images

Sponsored Content

Sponsored Content