Gavel Insight

As a resident of Louisiana, it is important to understand the state's tax laws. These laws dictate the amount of taxes you pay to the government and can greatly impact your financial well-being. Whether you are a new resident or a long-time resident, it is essential to familiarize yourself with Louisiana's tax system and know your obligations. This comprehensive guide aims to provide everything you need to know about Louisiana's tax laws. Louisiana State Income Tax Like most states, Louisiana imposes a state income tax on its residents. The amount of state income tax you pay depends mainly on your income level. For tax years beginning on or after January 1, 2020, Louisiana's income tax rates are: - 2% on the first $12,500 of your income - 4% on income between $12,501 and $50,000 - 6% on income between $50,001 and $100,000 - 6% on income above $100,000 There are also several deductions and credits that you may be eligible for when calculating your state income tax liabil...