The national day known as the deadline to file their taxes is just two weeks away and with Tax Day approaching, the folks at WalletHub.com have released an examination of the tax burden by state. 

Wyoming ranks as one of the states with the lowest tax burden, coming in at #48 on the list with a percentage rate of 5.70%. Only New Hampshire (5.63) and Alaska (4.93) had a better ranking. 

The states topping the list are likely unsurprising to many readers with New York leading the way at 12.02% and Hawaii second at 11.80%. Vermont (11.12%), Main (10.74%) and California (10.40%) rounded out the top five on the list. 

According to the information provided, Americans spend 6.6 billion hours doing taxes each year. The average person spends 13 hours and spends $270 completing their 1040. 

Further information from WalletHub.com stated that 92% of tax returns are expected to filed electronically with the average refund in 2024 coming to $3,213. 

Many of Wyoming’s neighboring states were also low on the list with  Idaho ranked 33rd, Montana 39th, North Dakota 43rd and South Dakota 44th. However, Colorado ranked in the top half of states with the highest tax burden at #24 and Nebraska was all the way up to 15th. Utah had one of the highest tax burdens in the country at #11 (9.35%). 

With property tax in the spotlight of the most recent Wyoming Legislature, Wyoming was placed at 3.10% in this category by the study, ranked 15th highest on the list. Wyoming was aided in the overall number as a state with no personal income tax.  

FULL DETAILS OF THE STUDY AT WALLETHUB.COM –