For Federal income tax, I use the Standard Deduction, which has increased every year since 2017 and will again this year. The tax brackets have adjusted downward every year since 2017. I have no farm land, nor stocks either. Because of President Trumps tax cut in 2017, I saved $1500 in tax compared to the previous year, based on the same income. Each year since then, I also saved the original $1500, plus another $75 for each year since. That means that for 2025, I should save $2100 in Federal tax compared to the amount I was taxed before 2017. Those tax cuts were set to expire this year, but President Trump extended them in last year's tax legislation, PLUS he has created a deduction for Social Security income that was being taxed. I'll find out at tax time how much more that will save me.
At the State level, the income tax rate was 6% for many years, but legislation passed by our Governor is reducing it each year until it reaches 4%. In addition, the Governor has given tax rebates of $250/taxpayer in three recent years and an additional $500 rebate on property taxes to each homeowner. For the past several years, my FREE State has had a large budget surplus and has returned some of that to the taxpayers.