Questions tagged [state-income-tax]
For questions relating to state income taxes. For most questions, a state-specific tag should also be included.
245
questions
1
vote
0answers
87 views
Maximize negative tax rate
I've been reading articles about people getting negative taxes, and am curious about how much someone can actually earn and still pay 0 or negative taxes.
Suppose I have an LLC, and my wife and I are ...
1
vote
1answer
67 views
What should be my state tax withholding if I do internship in another state?
I am doing internship in New York but I live in California. I am also an international student (F1). Our country has tax exempt agreement, so I am eligible for federal tax refunds. During the ...
1
vote
1answer
159 views
How to get money back from tax filing in US?
I'm on a student visa in the MA, US. This year(2019) it was my first time filing for tax as I got the part-time job on-campus in my university. I submitted the tax form to a person who came to my ...
2
votes
2answers
98 views
Can a brokered CD still count as “Massachusetts Bank Interest” for income tax purposes?
On the Massachusetts income tax Form 1, line 5 is for "Interest from Massachusetts Banks". This interest income gets an amount deducted from it ($200 for married filing jointly), and is reported there ...
2
votes
1answer
151 views
How does Massachusetts tax selling US Treasury Bills before maturity?
If I buy a 4-week US Treasury Bill at auction and hold it to maturity, the interest I earn is state-tax-free. Just to put a number on it (even though I know rates aren't actually that high right now), ...
0
votes
1answer
35 views
new york state 529 k-12
https://www.nysaves.org/home/fe.html
Under New York State law, distributions for K-12 tuition expenses are
considered nonqualified withdrawals and will require the recapture of
any New York ...
2
votes
1answer
86 views
Remote state taxes
I live in Florida and I work remotely to a New York office and I am being paid thru their payroll not 1099. The employer has been deducting NY state tax and I know Florida does not have state tax.
I ...
3
votes
0answers
96 views
Foreign Earned Income Exclusion when working for a US company remotely
I'm a US citizen who lives and works in California. I've been looking at a possibility of working remotely and living abroad.
My understanding is that when it comes to state taxes, you pay income tax ...
1
vote
1answer
67 views
Colorado 529 withdrawal income tax recapture and AOTC
In Colorado contributions to the state 529 plan are deductible from State income taxes. These income taxes are recaptured if a non qualified withdrawal from the plan is made.
My husband (the ...
0
votes
0answers
43 views
Tax in India and UK
I came to the UK in March 2019. Due to other formalities, my bank account was opened in April 2019. So in March 2019 my Indian salary got credited in an Indian bank account after tax deductions.
In ...
7
votes
2answers
391 views
Is it legal to move to a different US state before moving out of the country to avoid paying state income tax abroad?
Today I've learned that Americans have to pay state income tax based on their last residency address, even if they relocate overseas. So let's say you know you will be moving from the US to another ...
23
votes
6answers
6k views
Is the Standard Deduction better than Itemized when both are the same amount?
For 2018 the standard deduction is $12,000 for individuals, $24,000 per household. If someone's itemized deductions equals the standard deduction, or is very close, which one is better to take?
For ...
1
vote
1answer
95 views
Why is California's income filing threshold GREATER than the standard deduction?
For California, the tax instruction booklet says that you need to file the income tax forms if your income is over $17,693 "gross" or $14,154 "adjusted".
However, the state's standard deduction is ...
0
votes
1answer
52 views
Incorrect state on W-2 withholding
Working on TurboTax, and I notice that my W-2 shows my tax withholding for NC.
I moved twice last year with the same employer as I move to work with their client. But seems my tax withholding didn't ...
0
votes
0answers
104 views
Can't file taxes probably due to ITIN -> SSN change
I get the following error while filing married filing jointly taxes in California via TaxAct (electronically, paperless):
Rule Number: F540/NR/NRS/2EZ-230 Rule Number Description: There is an
...
0
votes
1answer
59 views
Can a nonresident alien claim the NY State Standard Deduction (2018)?
Can a nonresident alien (Form 1040-NR-EZ) claim the NY State standard deduction or does he/she need to claim itemized deduction (like on the federal return)?
1
vote
2answers
141 views
Am I a part-year resident or non-resident of the state of Illinois for tax purposes?
I am having some trouble determining my tax status for the state of Illinois. I was a J1 (short term scholar) in the state of Illinois for 3 months. From reading this piece of information for first ...
1
vote
1answer
31 views
NJ 1040 Dividends
For the NJ 1040 do you add together your ordinary dividends and qualified dividends or are the qualified dividends already part of the ordinary dividends and I should just report the ordinary dividend ...
0
votes
0answers
23 views
Trading or Investing on Equities Annual Taxing in California
Trading
Imagine an individual trading account for 2018 fiscal year increased from ~$100K to ~$200K
Total amount of trading transactions were at >~$20M
Imagine for a married couple with another ...
5
votes
4answers
2k views
Can I use UPS to send my tax returns from abroad to IRS Austin?
I have used an online service to do my taxes and they have asked me to mail the signed returns along with my W2s and other documents to IRS at Austin and the treasury dept of New Jersey for the state ...
1
vote
1answer
138 views
CA Safe Harbor Estimated Taxes
Assuming no income taxes are withheld, does paying 30%, 40%, 0%, and 30% (33, 44, 0, and 33 for high earners) of previous year taxes by each respective estimated tax due date meet safe harbor ...
3
votes
1answer
103 views
Declaring taxable income for a minor in the United States
I am 16 years old, located in the United States (Texas), and I am currently embarking upon entrepreneurial endeavors.
The main ways, via those aforementioned endeavors, that I would earn money are ...
1
vote
1answer
59 views
Received a Federal tax refund/credit from 2016 in 2018. I itemized. Do I report this as income on state taxes 2018?
I had a refund or credit on my 2016 Federal taxes. I decided not to take it but put it towards the following year 2017. However the next year it did not come up while doing taxes. So a month after ...
1
vote
1answer
195 views
Does New York State law require me to e-file if I use TurboTax?
If I use Turbo Tax to prepare my taxes with locally installed software, and specifically Turbo Tax with New York State, to prepare my returns, am I permitted to file my returns by mail and paper, or ...
1
vote
1answer
126 views
Do I not have to pay state tax on capital gains on my stock sales?
I live in NJ and for tax purposes, I am a full year resident of NJ. In the NJwebfile site, I cannot find any option to report capital gains on my stock sales. Also in the instructions, I could not ...
4
votes
1answer
139 views
State income tax : full resident, spouse part-year resident: joint return possible?
In 2018 I was a resident of New Jersey the whole year, but my spouse was a part-year resident: he permanently moved to Germany on August 1st and established his domicile there. After that date, he ...
2
votes
1answer
245 views
What state do I pay taxes to, if I'm nomadic?
Let's say I live in an RV and move camps every week or month, moving between states frequently. When tax time comes, which state do I pay?
0
votes
0answers
39 views
How do Rent Concessions affect the DC Renter Tax Credit?
I live in a rent-controlled apartment in Washington DC, and my landlord engages in a scheme to get around Washington DC’s rent control laws. How it works is that my nominal rent is $2000, but I get a ...
4
votes
1answer
519 views
My girlfriend has lived with me the entire year of 2018, with no job. Does she need to file a State tax return?
I work in a contracting company, so I sometimes have to move and work every few months. I have been in NC, then IL, and now in AZ.
My girlfriend lives with me, and she is a full-time student (since ...
0
votes
1answer
127 views
How do I get a notice number to pay North Carolina income tax?
This page says I can pay my North Carolina individual income tax using the online payment system: https://www.ncdor.gov/taxes-forms/collections-past-due-taxes/payment-options
But the online payment ...
2
votes
0answers
40 views
PA state tax for CA income as an F-1 student (nonresident alien)
I'm currently studying in PA on F-1 visa and have earned my only income last year from CA (internship while on CPT). I understand I should file state tax with CA as a nonresident. But I'm confused ...
1
vote
2answers
128 views
On a 1099-MISC, do you pay state, federal, social security and medicare taxes? Anything more or anything less?
If I work on a 1099-MISC, I will pay approximately 15% for social security and medicare. Do I also pay for state and federal taxes all the same?
For example, I see NY state tax is 6% and since I will ...
0
votes
0answers
48 views
How to report HSA capital loss on California tax returns, Schedule CA 540 form?
How do we report Capital losses on HSA for California State taxes form schedule 540?
Do we need to attach Schedule D (of CA)?
0
votes
0answers
17 views
Do I need to report state tax refund if I did not itemise my deductions in the year I paid taxes? [duplicate]
I had not itemised my deductions in 2017 and received a state tax refund for that year. The FTB (California) did not send me a 1099G either. Do I need to report that refund for 2018 taxes?
2
votes
0answers
33 views
Portioning taxable state refunds when living and working in different states
I live in Indiana, but work in Illinois -- some of my job contracts are on-site in Illinois, and others are remote work. Last year, I received a taxable state refund from Illinois.
In my Schedule NR ...
0
votes
1answer
47 views
1099-R: Converting nondeductibe IRA to Roth
My wife opened a Traditional IRA in late 2017, and then funded it with $5,500 after-tax (nondeductible) dollars in January 2018. We made sure to tell Vanguard that the contribution was for 2017.
We ...
1
vote
1answer
33 views
Adding nondeductible 1099-R reduces refund
I'm using TurboTax to do my taxes for FY2018.
I make nondeductible (after-tax) contributions to my Traditional IRA, and once the funds settle (but before investing the funds), I convert the entire ...
54
votes
10answers
19k views
What dissuades people from lying about where they live in order to reduce state income taxes?
Lets say you work in Chicago and live in Chicago but put your home address as somewhere in Indiana. Then every week you collect the mail that is being sent to you in Indiana. Wouldn't you save a lot ...
0
votes
3answers
94 views
Deferring a W2 income to another year for tax return filing
I worked for 3 companies in two states. I moved to my current company on Dec 1, 2018. I got bonuses and sign-on bonus from all 3 companies (although I returned the sign-on bonus to one because I left ...
-1
votes
1answer
106 views
No state refund this year? [closed]
Last year I received roughly $500 state tax refund. Everything is the same EXCEPT for the fact that I took on Full time(same company) in November. I did contribute to my new Retirement Plan, but it ...
0
votes
0answers
30 views
How to compute the “Total Adjustment Requested” when filing a dispute following a tax audit from Massachusetts?
I got audited by the state of Massachusetts, USA, due to a mistake I did when filing my 2015 Form 1 (mirror). The audit's conclusion was that I have to pay 1000 USD to Massachusetts, and in addition ...
1
vote
2answers
115 views
Taxable State Refund (1099G) combining two returns
I just got married last year.
When I fill out my 1099G (filing jointly), after I take my state tax refund from 2017 am I allowed to subtract my wife's state tax payment from 2017? Or do I simply have ...
0
votes
1answer
52 views
Late estimated quarterly payment because state failed to act on ACH authorization
In October I submitted payment for Q3 taxes to PA and received a confirmation number for my payment. But they failed to act on that authorization until January, when they must have noticed it at the ...
2
votes
1answer
58 views
Should I indicate on Form 1 for 2015 for Massachusetts my current address or my address in 2015?
I am filling out a 2015 Form 1 (mirror) for the state of Massachusetts in the United States. My address has changed since 2015: I now live in a different state in the United States. Am I supposed to ...
1
vote
1answer
60 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)?
22
votes
8answers
12k 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 ...
0
votes
1answer
117 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 ...
0
votes
0answers
26 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.
1
vote
0answers
31 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 ...
1
vote
0answers
48 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.
...
