Governor Jeff Landry says when people file their state income taxes this year, they will get a bigger refund. Landry says it’s the result of the legislation approved during the 2024 Tax Reform Special Session. The governor says the typical middle-class working family save nearly $500.
“I mean, think about that. That’s amount of maybe one car payment. That’s amount of 10 tanks of gas. That’s amount of week’s or two weeks’ worth of grocery,” Landry said.
The legislation approved in 2024 tripled the standard deduction, meaning families now pay no income tax on their first $25,000 of income.
Landry says the reform also doubled the retirement income exemption to $12,000, allowing a married couple over 65 to earn nearly $49,000 tax-free.
“So, for the average senior citizen, that’s $350 back in their pocket. That’s thousands of dollars staying in retirement budgets every single year,” Landry said.
House Ways and Means Chairman Tony Bacala says he’s personally experienced the tax relief that Landry said is coming to Louisiana taxpayers. Bacala says last year he owed the state money; this year he’s getting a refund.
“I think every family doing their income tax will see the same thing that I saw last night. A little bit money in my pocket that was going to the state coffer,” Bacala said.
Comments