Some Americans may have noticed a little extra cash in their paychecks since the beginning of January.
Changes to a state’s income tax code often go into effect at the start of a new year, according to Jared Walczak, vice president of state projects for the Tax Foundation.
Check out this video to learn about how five states are lowering income taxes for residents.
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CHECK OUT: Why January is a particularly great time to invest your money via Grow with Acorns+CNBC.
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