6 Places Where Income Taxes Will Plunge in 2026 — and Places With Smaller Tax Cuts

When President Donald Trump signed the One Big Beautiful Bill Act of 2025 into law, millions of taxpayers likely breathed a sigh of relief. Had it not become law, 62% of U.S. filers would have seen their tax rate increase, according to a recent analysis by the Tax Foundation. The One Big Beautiful Bill Act made permanent many of the tax changes from the Tax Cuts and Jobs Act of 2017.