Use this tag for questions related to rules and experiences specific to the State of Pennsylvania in the United States.

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3
votes
1answer
86 views

Where is a telecommuter taxed?

If I am a telecommuter, say I live in Florida but work for a Company who's offices are in Pennsylvania, am I subject to PA state and local taxes?
11
votes
3answers
7k views

In the donut hole of assistance, Should I buy a home?

I heard that there are a ton of credits and assistance for my county/state for first time home buyers, so I started to casually look at the assistance programs. Unfortunately, because I would be ...
1
vote
0answers
88 views

What are the tax etc. implications of giving a friend's company an interest free loan?

I want to extend a loan of $50,000.00 ,interest free, to a friend to start a business. Can he deposit this check into his account and not incur any tax difficulties? Are there any tax implications for ...
0
votes
2answers
119 views

Tax implications of selling a non-owner-occupied house and receiving installments

My mother is in the process of selling her rental unit to a buyer. They have a contract laid out where the buyer is making 10-year amortized payments for 5 years, with a balloon payment at the end. ...
0
votes
3answers
389 views

What is “Local Earned Income Township Tax” and do I have to pay it?

I live in Pennsylvania and am a freelancer/self employed. Every year I get something in the mail from the tax administrator Berkheimer telling me that I owe them money. I do my taxes through ...
0
votes
1answer
347 views

When investing a settlement, what tax ramifications should be considered?

Let us suppose that someone receives a lump sum settlement from a car accident (personal injury) case and would like to invest it for maximum long-term returns. We will say that the settlement amount ...
3
votes
2answers
3k views

How does mortgage payoff work logistically?

Let's say I am in a position to pay off a mortgage. I understand that there is a "payoff amount" that may not correspond to my balance due to various escrow and interest calculations. What I'm not ...
4
votes
3answers
57k views

$65000/year or $2500 every two weeks: If I claim 3 exemptions instead of zero, how much would my take home pay be?

I live in Pennsylvania. They take out about $750 per paycheck as of right now. I recently changed the allowances that I had from 0 to 3. It had no effect whatsoever on my take home pay. And I had ...
3
votes
2answers
1k views

Tax filing for two states and becoming married mid-year

I moved from VA to PA in late May 2010. I continued working for the same company and got a raise during the move. I also became married in mid June 2010. I have to file state tax returns in both ...
6
votes
1answer
164 views

Can a check used for medical expenses be written off if it is written in the current year and clears in the following year?

I am considering writing a check to pay off my braces all at once since it is an amount larger than 7.5% of my income. However it is getting very close to the end of the year; if I write the check ...
4
votes
1answer
452 views

Does unemployment compensation count as AGI?

Does unemployment compensation count as part of your Annual Gross Income? (This is related to my other question about writing off getting braces on my taxes)
3
votes
2answers
614 views

Should I pay off my braces all at once so that I can write them off this year as a health expense?

Should I pay off my braces all at once so that I can write them off this year as a health expense? Or should I pay off my braces over the long haul? P.S. I live in Pennsylvania.
2
votes
2answers
139 views

How to deal with PA sales tax for item bought on behalf of my customer and resold to them?

I work for myself and at times buy a piece of software or something for someone I am working for. Like my title says, I live and work for people in PA. If I pass the product on to my customer at ...