Questions tagged [state-income-tax]
For questions relating to state income taxes. For most questions, a state-specific tag should also be included.
302
questions
1
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1answer
49 views
Capital Gains Tax when moving to a no tax state
I am moving from CA to WA in 2021 March. I have lived in CA for 5 years and accumulated almost $300K in long term capital gains.
Should I wait to sell them after I move to WA? Will that help me avoid ...
3
votes
1answer
74 views
I work from home in Texas but my projects are for clients in different states (CA, PA, TX)
I work from home in Texas for a consulting firm but my projects are located in multiple states. I have two scenario questions.
Scenario 1: I never travel outside of TX for work. Do I need to pay state ...
1
vote
1answer
56 views
How much do i owe the IRS on Sept 15th for income received in September?
Sold a house at end of August.
Cap gains of about $240k to $375k (federal + California) income tax will be due.
How much should I pay Sept 15th, 2020?
1
vote
2answers
73 views
I plan on working for a US company from abroad for three months. Do I need a US address at this time to remain a tax resident of my state?
I am considering spending three months abroad while working remotely. While I plan on returning to my current state (New Jersey), I do not want to continue to pay rent when I'm not here, which means I ...
2
votes
1answer
141 views
Suppose that you have no home address. Which state would you pay income taxes too?
Suppose that Sarah has a job which requires near constant travel on airplanes.
Also suppose that Sarah does not own a house, or rent an apartment.
Sarah lives out of hotels, motels, air-BnBs, etc... ...
0
votes
2answers
61 views
What are the tax implications when working remotely and changing states every 3 months?
I'm currently a perm resident of Washington (past 3 years). I work full-time for a big software company. I would like to work remotely in Florida, California, and Puerto Rico, and Texas, each for ...
1
vote
0answers
43 views
Can one be a California tax resident while not being a US tax resident?
I read on Page 4 of FTB Pub. 1031 2019 (mirror) (I italicized the important passages):
[Section E:] Who Are Residents and Nonresidents
A resident is any individual who meets any of the following:
...
16
votes
2answers
4k views
I e-filed my taxes ONE SECOND after the deadline - am I in trouble?
I am a US resident and last night I e-filed my 2019 federal income tax return with TurboTax and I owed money.
(I know you should NEVER wait for the last day but it's been a couple of crazy weeks so I ...
2
votes
0answers
40 views
Does gross adjusted income include payroll deductions and retirement savings?
I have a slightly odd situation where I have to make quarterly estimated tax payments on my current income (taxable income from Grants or Scholarships), but starting in September I will have a ...
2
votes
0answers
62 views
Utah state tax for 401K income of a part-time resident
We have about $48,000 Social Security income annually and will receive about $36,000 401K income by the end of next year. We will stay in Utah for the first 3 months next spring and then move to ...
2
votes
1answer
93 views
A complicated tax question for couples working/living in different states
Say I work in a communal property state (A), and my spouse work in a non-communal property state (T). I guess we have to file our respective state tax separately to make things simple. But should we ...
1
vote
1answer
38 views
CA state taxes when spouse is part year resident but I'm full year resident
I'm a full year CA resident for 2019 living and working in California.
My spouse was working in PA from Jan 1 - July 2019 and moved to CA after her employment ended in PA. She did not work in CA, and ...
0
votes
1answer
36 views
Utah part-time resident tax return calculation question (moved from Texas, which has no state tax)
I have a question regarding Utah part-time resident state tax calculation.
Moved from Texas to Utah. 9 months in Texas, 3 months in Utah last year.
Texas doesn't have state tax, Utah does.
I'm using H&...
2
votes
0answers
62 views
How do I report restricted stock unit (RSU) income that has vested in multiple states
In 2016, when I started at my current employer, I received a grant of Restricted Stock Units (RSUs) that vests over 4 years. I was employed in our NY office 2016-2018 and San Francisco Office 2016-...
0
votes
0answers
18 views
State tax return file with ITIN number
I am on H1b visa and have valid SSN number, my spouse has ITIN number. I filed my federal taxes successfully without any issue now it is time to file my Georgia state taxes. I cannot find any ...
0
votes
0answers
34 views
State tax refund for internship in another state - F1 student
So I am an international student on F1 in California since Sep. 2018, and did a paid internship in New York in Summer 2019. Several questions:
For federal tax return, do I just sum the income (and ...
1
vote
1answer
59 views
Necessary to file US Federal W4 in addition to state W4?
I already filed a state W4* with my employer - do I need to also additionally file a US Federal W4 with the same employer? Or does state W4 take into account for Federal W4 withholding amount also?
...
0
votes
1answer
22 views
CA State Income Tax return CA540NR Federal Adjustable Gross Income (AGI)
I am filing my taxes as a non resident alien manually this year with using some tax software for verification.
My Income is $65,000. I have a part of it exempt under US Tax treaty with India and my ...
2
votes
0answers
23 views
Filing state taxes as a part-year resident, and full-year federal resident
This question is similar to this one, and slightly related to this one, but with some differences.
I have been living in USA for many years, and my spouse is an expat who moved to USA in the middle ...
1
vote
0answers
47 views
Can I ignore form 2439?
I got my first form 2439 (Undistributed Long-term Capital Gains). After doing research, it seems that since I didn't actually get any money, the net result is a not-so-large gain after I sell the ...
0
votes
3answers
159 views
Sharing tax return with wife?
My wife and I have been separated for nearly 2 years, but are still legally married and filed our tax return jointly.
All my income was on a W2, and totaled $140k. I had taxes withheld as normal, so ...
0
votes
1answer
26 views
State tax refunds for non-resident aliens and excess
According to the instructions for Form 1040-NR-EZ, tax payers must refer to Publication 525 to decide if any of the state tax refunds need to be listed as additional income in Line 4. Here, for Non-...
1
vote
1answer
70 views
How to determine the tax withhold for remote work?
I am a student of state A (resident) and my apartment lease in state A ended at the end of May. Then I went to my wife's state B during the summer. Also, I worked remotely for a company located in ...
0
votes
1answer
59 views
LLC in NY State but living and conducting business in Florida only
I am a software development consultant working as a self employed with a single member LLC incorporated in NY State.
During 2019 I had moved from NY State to Florida and am serving only one client ...
1
vote
1answer
63 views
How do spouses living in different states file taxes?
My fiancee and I are thinking about getting married this year. Currently, we live together in California.
My fiancee is going to attend law school in August of this year, in Washington DC. I will ...
0
votes
1answer
117 views
Can capital losses be used to offset capital gains for California state taxes?
California treats capital gains just like normal income
Suppose I have capital gains of $10k and capital losses of $8k
Will this add $2k (from $10k - $8k) to my California taxable income?
Or will ...
0
votes
0answers
33 views
How does withheld California income tax factor into estimated tax installments?
As the venerable federal Publication 505 says, the federal income tax is a pay-as-you-go tax, with two ways to pay as you go: withholding and estimated tax. For estimated tax payments, there are two ...
1
vote
0answers
27 views
House and family in PA, job and apartment in MA
I moved to MA for work, but my house and family remains in PA, as is most of my "stuff". I earn my income In MA and spend the week in a rented apartment in MA and come back to PA on weekends and ...
0
votes
0answers
27 views
Do I have to file a state tax amendment form too if I filed an incorrect federal return?
Last year (2019), I wrongly filed tax as resident. But I am non resident alien and F1 international student. I filed 1040x amendment form for federal tax. Now my question is that do I need file an ...
0
votes
0answers
34 views
How to report form 1042s information on form 540nr 2019
I'm an international graduate student living in California. This year, I received both W2 and 1042-S forms (Half the year I was on a fellowship grant and the other half I was being an RA). I have ...
2
votes
1answer
95 views
How do I know whether to classify HSA income as dividend or interest?
I live in California, where the interest and dividends earned in an HSA are taxable. They need to be reported on the Schedule CA (540) on line 2 (taxable interest) and line 3 (ordinary dividends).
I ...
0
votes
1answer
116 views
How do I handle US State Income Tax for the 2020 COVID-19 Coronavirus Filing Extension
While the IRS has a page on the Coronavirus impact is there any resource on handling the various State Income taxes. Are they extended like the Federal Income tax or do I have some relief due the ...
2
votes
1answer
22 views
What is the income tax exemption proration policy for Massachusetts part-year residents?
I moved to Massachusetts in the second half of 2019 and started a new job. I'm trying to calculate my exemption for the 2019 tax year. The "2019 Massachusetts Nonresident or Part-Year Resident Income ...
0
votes
1answer
90 views
Can my employer's payroll company be liable for not withdrawing enough State taxes from my income? [duplicate]
My employer's payroll company did not withdraw the correct percentage of state taxes from my year's worth of paychecks. I'm now liable for $2,000 in state taxes. Can the payroll company be held ...
1
vote
0answers
54 views
Income tax on property sale through LLC in another state
I was a small-time partner in an LLC that was set up to flip a house in NJ, and I live in MA. The LLC was set up in NJ, bought the old property, flipped it, and sold it. I received a K1 from the LLC.
...
3
votes
2answers
112 views
Tax implications of working from another state due to coronavirus
I work for a company in California which is recommending all employees work from home because of the coronavirus pandemic. I am thinking about working from Michigan instead as an opportunity to visit ...
1
vote
0answers
16 views
West Virginia or New Jersey state income taxes
I live in Texas. I receive oil and gas royalties income from my properties in West Virginia. I have the 1099-MISC. The company that sent me the 1099 MISC is located in New Jersey. What state do I ...
4
votes
1answer
176 views
I work remotely for a company in another state. Both states are witholding taxes from my paycheck. Is this right?
I live in Pennsylvania. I work full time 100% remotely for a company that is located in Connecticut. On my first paycheck I was surprised to find that I was having state income tax withheld by both ...
0
votes
0answers
27 views
Residency Questions for International Student while filing Tax
I am an international citizen. I studied in New York City in 2019. I interned in California during the summer for about 3-4 months. On December 25th, I left NYC for my home country and returned to ...
1
vote
1answer
38 views
As a Self Employed LLC filer living in NYC. How can I estimate my taxes? Is there a Tax filing form simulator I can input numbers into?
I have the following example values of:
Self Employed LLC Income: 50K (Computer Repair Business)
Married filing jointly
2 children
No mortgage or property. We rent.
Paying for daycare - $800/month.
...
0
votes
0answers
40 views
US Citizen living permanently abroad working for US company vs State and Local taxes
I am US and EU citizen and I am going to start working remotely from EU for US company. It's going to be a full time employment (w-4/401k etc).
Am I required to pay state and local taxes (NY in this ...
0
votes
1answer
126 views
Why does New Mexico (apparently) require withholding more income than is required to cover state income tax?
New Mexico has four tax brackets, which for married filing jointly breaks down as (at least in 2019): 1.7% for $0-$8000, 3.2% for $8001-$1600, 4.7% for $1601-2401, and 4.9% for $2401 and above.
I'm ...
1
vote
1answer
73 views
Break-even for itemized deductions in Maryland
The federal standard deduction for married filing jointly in 2019 is $24,400.
The Maryland state standard deduction is only $4,550 and you cannot itemize on your state return unless you itemize on ...
1
vote
1answer
55 views
Bought first home in another state while renting and working in another state ( bought in New York while renting in Connecticut)
I bought a house with my father in New York City while I live and work in Hartford Connecticut and I'm not sure where I need to file taxes as considering my primary residence. I appreciate your advice!...
0
votes
1answer
79 views
What percentage of CA state income tax may I assume is local?
I am a NRA in Columbus, Ohio. I am trying to file my Columbus income tax. Having had an internship in Palo Alto, CA for 3 months in summer my CA W2 from internship shows no local taxes paid. Therefore ...
1
vote
0answers
56 views
Why is NYS supplemental rate so high?
For 2019 the NYS suplemental withholding rate was 9.62%. However the maximum tax bracket in NYS is 8.82% for 2019. This means that even for the highest earners the withholding will be too much and ...
2
votes
1answer
79 views
Is interest āearnedā in an HSA even without taking any distributions?
I live in California. During 2019 I contributed to a Health Savings Account; I didnāt take any distributions. Iām reading the 2018 instructions for Schedule CAāthe 2019 instructions donāt seem to be ...
2
votes
1answer
284 views
Why did TurboTax underestimate my California state taxable income?
I just received two bills from the state of the california franchise tax board saying that my state tax for 2015 and 2016 are missing a few thousands plus interest. The reason was that turbotax way ...
1
vote
0answers
60 views
NY & Federal Quarterly tax payments for someone with Fulltime job and a side gig?
In 2020 I want to start paying estimated quarterly taxes but I am not sure exactly how to calculate the amounts.
If I make X$ yearly income from my full time job have maximum withholding. I also ...
2
votes
0answers
85 views
Does a state tax credit received as a gift count as income?
I have received a state tax credit for a historic rehabilitation project, which for a fixed fee the state of Arkansas allows me to partially sell/transfer. Whoever has the credit has up to five years ...
