If You're in One of These 11 States, You'll Pay Less in Taxes This YearThe cuts come amid high inflation and economic uncertainty.

Tax seasonis underway, and depending on where you live, you might not owe as much as you did last year.

At least 11 U.S. states, the majority led by Republicans, are reducing individual income taxes this year, according to the nonpartisanTax Foundation, a group that lobbies for lower taxes.

"We are seeing the culmination of two years of substantial tax cutting across the country, in response to historically high revenues and a desire for states to remain competitive in a much more mobile environment," says Jared Walczak, the vice president of state projects at the Tax Foundation, perFox Business.

Related:Taxes on Small Businesses Across the Globe, Mapped: See Where Rates Are High, Low — and Nonexistent

The cuts come at a time of嗨gh inflationand economic uncertainty, with a reported 69% of Americans fearing a possiblerecessionby the end of 2023, perBankrate.

In addition to the individual income tax rate reductions, five states, including Arkansas, Iowa, Nebraska, New Hampshire and Pennsylvania, will implement corporate income tax reductions.

These are the 11 states slashing individual income taxes:

1. Arizona

Maximum rate: 2.5%

2. Idaho

Maximum rate: 5.8%

3. Indiana

Maximum rate: 3.15%

4. Iowa

Maximum rate: 3.9%

5. Kentucky

Maximum rate: 4.5%

6. Mississippi

Maximum rate: 5%

7. Missouri

Maximum rate: 4.95%

8. Nebraska

Maximum rate: 6.64%

9. New Hampshire (interest and dividends income only)

Maximum rate: 4%

10. New York

Maximum rate: 5.5%

11. North Carolina

Maximum rate: 4.75%