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Questions tagged [state-income-tax]

For questions relating to state income taxes. For most questions, a state-specific tag should also be included.

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1answer
49 views

Can I deduct 529 college savings plan contribution from California income tax as a gift?

When I contribute to a 529 college savings plan, can I deduct the contribution from my California income tax as part of the gift tax exclusion (up to $15000)?
23
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8answers
9k views

Why did the federal government ever allow taxpayers to deduct their state taxes from their federal taxes? [closed]

At the end of 2017, President Trump signed into law the Tax Cuts and Jobs Act with among other things eliminated the federal tax deduction for state taxes paid. Essentially, the federal government ...
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1answer
84 views

I worked in two states for the same company

I worked for the same California-based company in 2018, working remotely from home. I am a 1099 employee, so my employer does not withhold any taxes. I lived in California for six months, then moved ...
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0answers
11 views

Non Resident selling Canadian property tax implications

I understand the Federal Tax implications, but does the Non resident also pay provincial tax in which the property was sold or only federal tax and surcharge.
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0answers
23 views

State Tax on Sale of Michigan S-Corp for Non-Resident

I have a family member that will be a resident of Florida for 2019. He is contemplating selling his business based in Michigan (S-Corp). He can run the business remotely (but anticipates spending ...
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0answers
45 views

State tax refund different from what's indicated on Turbotax form

I am digging into a past year's Utah tax return (due to an audit) and I see that 42 TOTAL DUE - PAY THIS AMOUNT is over $500; I used Turbotax and I'm seeing that on my downloaded, filed tax form. ...
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0answers
48 views

Which state income tax will be applied on working as a traveling employee?

I live in State A where I have my home address. My work location is in State B. I also do work from home. When I travel, I stay in hotel. Will my state tax fall in State A or State B? Can travel/...
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1answer
55 views

Can I purchase and sell a property through my c-corp if I have a personal tax lien with my state?

I would like to execute a simple contract assignment (double closing) on a real estate deal. The initial title work came back an there is a lien against me personally for taxes owed to my state. I ...
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2answers
39 views

Do the dividends in NJ's 1040 include both the ordinary dividends and qualified dividends from the federal 1040?

I'm just wondering if I can calculate the dividends for New Jersey's 1040 by summing the ordinary dividends and qualified dividends boxes from the federal 1040. How about a part-year resident? Do I ...
0
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1answer
93 views

Question about federal taxation of state refund (US)

I'm doing my 2017 taxes and I've been extremely confused by how federal taxes treat state refunds. Here are the details: In 2017 I paid $750 as part of my filing for an extension for my NY 2016 state ...
2
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1answer
66 views

Tax returns while working in 2 states

Situation: NYC Resident Work 1-2 days a week in NYC Work 4 days a week in CT Employer is taking taxes of my paycheck to both states which sums up to about 40% in taxes Questions: I was reading that ...
3
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2answers
97 views

Qualifying as a Professional Musician to Deduct Cost of Instruments

I've been a hobbyist musician my whole life, playing random paying gigs from time to time. The group I am with now all have day-jobs as non-musicians, but we plan to start playing shows and recording ...
7
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1answer
169 views

Can I choose which state to pay income tax to when I am traveling and have no permanent residence in the US?

I am leaving for a year-long trip around the world. I will have an income while traveling. Is it possible for me to choose which state will tax me as I will not have a permanent residence in any state?...
2
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1answer
50 views

Rates and valuation notice is it equivalent to market value of a property in Victoria, Australia?

I received a rates and valuation notice from the council and the valuation of the property is approximately $80,000 less than what I paid for it 6 months ago. This is my first mortgage property and I ...
0
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0answers
56 views

Income tax consequences of out-of-state work site?

I live and work (most of the time) in California for a California-based company. However, my employer has recently established a work site in Hawaii, where I will be spending some fraction of my time (...
4
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1answer
161 views

If I work 100% remotely for a Florida company but I live in Virginia, do I have to pay Virginia state income tax?

I am moving to Virginia from where I am fortunate enough to be able to work remotely for a company in Florida. Florida has no state income tax. Do I have to pay Virginia state income tax?
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0answers
97 views

State tax implications of a dual citizen who moved overseas to other country of citizenship

Last state of residence was NY, but I have no property / other ties to the state. I do however maintain bank/investment accounts using a relatives address just to make things easier regarding mail/etc....
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2answers
80 views

What if I don't update the State tax form?

I have been working in state Maryland, US for the first 8 months. But I will soon be moving to New York in September. My company had my State form as Maryland. Since I will be moving to NY next ...
4
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1answer
57 views

How do I account for federal and state (NE) taxes to cash out a UTMA for a minor for college?

My son has lived with my mom for about 15 years as a guardian. She setup an UTMA account in Nebraska. She and her husband owned a farm and have done their taxes every year. My step dad passed away in ...
2
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2answers
177 views

State tax when living in WY and working 100% remotely for a NY company?

If I live in Wyoming but work 100% remotely for a company in New York City, do I have to have withheld or pay NY state income taxes? Note that Wyoming has no income tax. When I say 100% remote, I ...
0
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1answer
71 views

Can I avoid state trust tax with a conditional gift?

My state taxes resident trusts. A resident trust is any of the following: a. Its settlor (or any of its settlors) was a state resident at the time the trust was created; or b. All ...
1
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1answer
41 views

Tax deduction for 529 for elementary school tuition

Well I had another question in mind, but my state NC has finally updated the 529 plans to include Elementary and High School. So no my question is, I think I would prefer to use Vanguard or TRowe to ...
4
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1answer
49 views

Massachusetts company, working out of state

If I live in a state with no state income tax and work remotely (from home) for a company that is based in Massachusetts, do I owe any state income tax to Massachusetts? This is confusing me https://...
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1answer
51 views

Reporting tax treaty-exempt income on a state tax return

I received an income (university student fellowship) and I want to use a tax treaty exemption for this type of income. I received form 1042-S for this income from my university. I think the federal ...
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0answers
16 views

CA income tax for student fellowships: is all of Box 5 - Box 1 of 1098-T taxable by CA?

I have received a 1098-T due to receiving a fellowship from my school. Box 1 is all qualified expenses. This portion is not taxable by either CA or Federal. Box 5 is the total of the fellowship ...
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1answer
99 views

Can I e-file my NY tax return for free if I made over $66,000?

I am trying to file my New York state tax return as cheaply as possible. I have already e-filed my federal return for free. I see on https://www.tax.ny.gov/pit/efile/other-efile-options.htm the ...
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0answers
35 views

State Residency for tax purposes / substantial presence test

I was a visitor to the US. With three trips I made during 2017 I met the substantial presence test and I became consequently resident for tax purposes for the entire 2017 as I arrived to the US on 12/...
5
votes
1answer
123 views

I am a foreigner withdrawing a USA pension. Do I file a state tax return?

I am a citizen of a European country who worked a couple of years in the USA, then moved back to Europe. I withdrew my 401(a) pension last year as a lump sum and need to know how this is taxable. ...
0
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2answers
86 views

State taxes for convoluted NY/NJ work situation

I lived in New York the entire year and worked in my New York City office the first half of the year. After that my offices were moved to New Jersey and I worked remotely from my home in NYC 80% of ...
33
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12answers
11k views

I hate the high taxes in NYC. Should I incorporate in or move to another state?

I'm in NYC currently and make a good living doing remote web development work and I get a 1099 at end of year. My taxes take about 35% of my paycheck. I was thinking about incorporating in another ...
0
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1answer
152 views

How to report 1042-S income on California Schedule CA 540NR when resident alien for federal purposes?

Lots of background: I visited the US several times since 2014, and in November 2015 I entered the country as a J-1 research scholar. I left the US again by November 2017. By the substantial presence ...
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0answers
39 views

Should I file a nonresident state return?

My home is in North Carolina. Last year I lived in NC from 01/01/2017 to 10/10/2017. Then I got a Subcontractor job in Pennsylvania. The definition of Subcontractor is my employer is a software ...
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0answers
36 views

Live in NY but work remotely for a company in Virginia. Which 529 plan can I deduct taxes?

I live in NY and I just started working remotely for a company in Virginia. I will not be moving to Virginia. I've been contributing to my NY 529 plan since I can get a state tax deduction on it. ...
0
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0answers
76 views

USA Tax: What do I do with 1042-s forms (copy b, c, & d)?

Do I attach 1042-S copy c to my federal tax documents and copy d to my state tax documents?
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0answers
71 views

State taxes as an international student on opt who worked as contractor

I worked in the U.S. from February 2017 to January 2018 on an F1-OPT status. I was hired as a contractor so I got my monthly salary without any deductions. I used Glacier tax services to file my ...
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1answer
128 views

Is investment interest (i.e., margin interest in this case) deductible against dividends on state income taxes?

I am helping my family members (they live in New Jersey, USA) with their income taxes and came across something I was not sure about. For filing federal income taxes, investment interest (for purposes ...
2
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0answers
24 views

CA taxes on invesment income for part time-resident

I lived outside of the US from July 2016 - November 22d of 2017. All my income from this period is investment income. My understanding is that because it is investment income it does not qualify for ...
1
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1answer
172 views

Can I file California State tax as a part year resident/non resident, if I am filing Federal tax as a Resident?

I am on H1B since October 1, 2017. I am filing Form 1040 for my Federal taxes, which I will file after May 2018, filing for an extension. How should I file my State tax? I live in California. Does ...
2
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1answer
101 views

Taxes for remote US worker who wants to travel between states

Person A works for Company C. Most employees of Company C are remote workers, including A. Company C is in USA. Person A resides in Texas. As A can work remotely from any state in US, A wants to ...
2
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2answers
170 views

In which state do you pay taxes for money made on house sale?

I live in NJ but work in NY, so I file NY and NJ state returns. I also sold a house in MD. Since that house was rented for a year when I did not live there, I need to pay taxes on a portion of the ...
3
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1answer
81 views

H-1B visa holder came in April 2017. What are the options for filing income tax return?

I came on H-1B visa with my wife and kid in April 2017, from India. I have salary income from January to March from India and from April to December from USA. Here I have few questions: What is my ...
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1answer
58 views

CT W2 No state taxes

While getting a MS at the University of Connecticut, I did some lecturing thus earning some income and so I have a W-2 from the State of Connecticut. Since I have gone to file my taxes, I noticed ...
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1answer
64 views

How to report paying having paid estimated tax?

On 12/26/2017 I paid x dollars to New York state as an estimate of what I owed for 2017. After going through the turbo tax flow, it shows my state tax balance as x. Is there any way to tell turbotax ...
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1answer
521 views

Discrepancy in W2 form's state tax (resident of one state; worked in another state)

I am a resident in NY who worked in NJ for less than 4 months and then came back to NY. In my W2, my state wages (field 16 in W2) for NY and NJ state doesn't add up to the total Federal income. It is ...
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1answer
315 views

Tax filing requirements for OPT period (F-1 VISA) in Pennsylvania

This past year I worked under the Optional Practical Training (OPT) program after I graduated. I started my employment period March 15th and worked until September 28th. During this time I got paid ...
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0answers
146 views

Is income from bank account bonuses taxable on my state tax return?

I'm a student in the US on an F-1 visa. Last year (2017), I opened ten new bank accounts, all of which had promotional offers. As a result, I received around $3000, and this has been reported on Form ...
4
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1answer
312 views

Employer does not withhold state taxes

I live in GA where there is a state income tax. I work in TN where there is no income state tax. My company does not operate a business in GA and are telling me they cannot withhold GA taxes for this ...
3
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2answers
303 views

Does the increase in the Child Tax credit affect the Empire State child credit as well?

NY state has a tax credit called the Empire state child tax credit. According to the description of this credit on the NY state department of finances website If you claimed the federal child tax ...
4
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2answers
3k views

How much of my state income tax refund is considered taxable income?

Under the previous tax law, if you itemized and deducted your state income taxes but then got a state income tax refund, the refund was considered taxable income in the subsequent year's federal ...
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0answers
19 views

How to save some tax exemption on NJ state tax?

How to save some tax exemption on NJ state tax ? Though question is broad, considering single person live and working in NJ looking to have some tax breaks on state tax?