Will Pennsylvania Tax Breaks Help Replace Lost Residents?

Proposed Pennsylvania tax breaks could result in big tax cuts, but if the tax breaks happen, will they be enough to help Pennsylvania replace the 40,000 residents it lost?

Trees and buildings in Philadelphia, Pennsylvania for Pennsylvania tax story
(Image credit: Getty Images)

Hoping to attract new residents, Pennsylvania Gov. Josh Shapiro has proposed new Pennsylvania tax breaks. According to recent IRS migration data, Pennsylvania experienced a notable population decline between 2021 and 2022, in part due to high taxes. If the legislation is enacted, some Pennsylvania residents could see significant tax cuts.

“If you want to be a police officer, a teacher, or a nurse — we want you here in Pennsylvania, and the Commonwealth is going to put our money where our mouth is and have your back,” Gov. Shapiro said in a press release regarding potential tax cuts for essential workers.

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Katelyn Washington
Former Tax Writer

Katelyn has more than 6 years of experience working in tax and finance. While she specialized in tax content while working at Kiplinger from 2023 to 2024, Katelyn has also written for digital publications on topics including insurance, retirement, and financial planning and had financial advice commissioned by national print publications. She believes knowledge is the key to success and enjoys providing content that educates and informs.