Questions tagged [state-income-tax]
For questions relating to state income taxes. For most questions, a state-specific tag should also be included.
390
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7
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Where to file state income tax form?
My wife and I lived in Massachusetts as our primary residence for 2022. However my wife started a new job that is based in New York and works remotely in 2022. However, this job required her to have a ...
0
votes
0
answers
35
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zerodha - brokarage charge
i am using zerodha app for buying stock .
Today i found that charges(zerodha brokarage charge,stt,stamp duty) applied for buying stock.
please let me know is there any new rule /changes that zerodha ...
4
votes
0
answers
93
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Does someone going to college in another state need to file Virginia Taxes?
Our son (19) goes to college in MA while we live in VA. This year for the first time we did not include him as a dependent in our 1040. During 2022 he had an internship & research ...
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2
votes
2
answers
218
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Under what circumstances is NYS Refund taxable?
I don't itemize deductions for Federal and NYS Taxes.
Is NYS Refund still taxable?
Under what circumstances is NYS Refund taxable?
My co-worker says NYS Refund is taxable after $63, but I cannot find ...
- 349
0
votes
1
answer
45
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Taxes Delaware Inc if there is no physical presence
On Carta and elsehwere I have read the following:
Delaware also doesn’t require any state taxes for companies that are
registered there but aren’t physically located in the state.
What exactly is ...
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2
votes
2
answers
141
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Will I ever have to prove that I wasn't performing work in a certain state?
I will be completing a project in another state, and I will be paid as an independent contractor (and issued a 1099). I will be working in my own state and submitting my work when done with the ...
- 1,445
1
vote
1
answer
30
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Filing tax return and estimated payment without ITIN
I married to an international person in 2022 who doesn't have SSN or ITIN. My spouse will be coming to the US in late April and I am preparing our taxes with married filing jointly. Since it will be ...
- 159
1
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1
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44
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How to better balance state taxes when working in another state
I/we live in New York and my wife works in New Jersey. Whenever I file our taxes, the New Jersey non-resident return is pretty balanced. However, my New York return always has NY state owing us a ...
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6
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2
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786
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Can I reduce my state income tax deduction, to avoid taxes on the refund?
Suppose I have paid $3000 in state income taxes in 2022, but I expect to receive a $1000 refund. I am itemizing deductions on my 2022 federal return, so normally I would deduct $3000, then include ...
- 6,891
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0
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61
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How do I get exempted from property taxes in India for lack of basic civic facilities?
My property comes under panchayat administration and I have been paying my property taxes for the past 5 years but since time immemorial no basic facilities like road, drainage and street light at ...
1
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0
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Tax implications of advance on a future tax refund
Pursuant to M. G. L. c. 62F, there is a limit on the amount of taxes that the state of Massachusetts can collect in a given tax year. Section 2 provides that the taxes collected year over year cannot ...
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2
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35
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Does income from another state contribute to Maryland minimum filing requirement?
Am I required to pay taxes/file a tax return in Maryland if my Maryland income tax is below the federal standard deduction, but my total income tax for the year is above that level? For example, let's ...
- 641
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1
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39
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Calculating difference in "APY" between assets
Treasuries are not taxed at state and local level.
Munis are not taxed at any level at times.
What formula is used to compare APY between different investment assets, given:
CD, Treasuries, Munis at ...
- 1,093
-2
votes
1
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154
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Does it a matter for big companies which state they register their company?
If a new company wants to establish in the US, with lots of branches all around the country, is it a matter where (in what state) they register their company, in regard to tax and other costs?
For ...
- 141
0
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1
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105
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will I be taxed on money wired into my savings account [closed]
a friend is paying me back a 200,000 loan by wiring the 200,000 into my savings account. Will I be charged tax. I live in NYC . All this money was originally given to me by relatives and sitting ...
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0
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94
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How to fill out California Allowances on the DE-4 form and Deduction on the W-4 form?
This is related to the question: In the US, how do we make tax withholding less if we lost our job for a few months?
So the form that is similar to a Federal W-4 form is the California DE-4 form.
For ...
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1
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88
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How much tax return can I expect from a mortgage compared to standard deductible
I am only looking for a rough ballpark estimate.
For a single Californian with 190k/yr income:
Scenario 1 - all else being equal, I go with standard deductible.
Scenario 2 - all else being equal, I ...
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1
vote
1
answer
83
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Should my wife claim our child as a dependent when filing her NY state income taxes if we both live in CT and I claim the kid on our CT and US taxes?
My wife and I are Connecticut residents. I work in Connecticut, but my wife just accepted a new job in New York State. We're planning to file our tax return jointly as we have done in previous years....
- 113
0
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1
answer
80
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Schedule CA 540 Part I Section A: what role do the little 'a' rows serve?
I'm a bit baffled looking at the Schedule CA 540 form in its Part I Section A set of rows. There's the rows that form the matrix against the various major columns A, B and C, but there's also this set ...
- 1,291
0
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1
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45
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Income Tax Return filing for 2022: Home Office and W-2 Employee expense deductions for hybrid employees
I receive a W-2, as an employee, and I now work a permanent hybrid schedule but I can come into the office if I want to. I'm classified by HR as a hybrid employee. I know the federal home office ...
- 145
0
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2
answers
32
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Taxation details when changing states in the middle of the same job
I looked up the answer to this question with the specific details that it has but couldn't find one.
Let's say you have a work-from-home job with a NYC-based company. You are a NY resident and you ...
0
votes
1
answer
72
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How to attach amended federal tax return to fresh California tax return?
California income tax (paper Form 540) requires attaching a copy of the taxpayer's federal return. If, when filing a given year's California Form 540 for the first time (not amended), the federal ...
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1
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How do I fill out the DR 0104x Amended Colorado Individual Income tax return form?
I want to amend my state taxes because I forgot to claim an EV tax credit, which I see is box number 24 on the form. Should I just fill that part out since that's the only change to my taxes? Or ...
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11
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3
answers
4k
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Can I submit my U.S. state income taxes in multiple envelopes?
I have a 12 page return and I have a number or pre-stamped envelopes. I read that I should only put 3-4 pages in each envelope.
Can I submit them in multiple envelopes?
- 111
2
votes
1
answer
535
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Colorado income tax voluntary contributions: how do you get a receipt?
When filing a Colorado individual income tax return, one has the option to donate some or all of your refund to a charitable fund chosen from a list: Form DR 0104CH. (It is also possible to write in ...
- 6,891
2
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1
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78
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Can child daycare expenses be deducted on IL state taxes?
Can child daycare expenses be deducted on IL state taxes?
We're doing our own taxes and everything we've read has led us to believe that the answer is no, but just wanted to double-check to be ...
- 21
2
votes
1
answer
149
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Remote work. Company in IL, I am a resident of Washington
I am domiciled in Washington for the entire year. My employer is IL based, and does not have an office in Washington.
Similar to Remote work. Live in one state, company in another state. tax ...
- 41
2
votes
1
answer
45
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USA | Error in Online filling IL state income tax return
This question is relevant for people in USA only. I am trying to file Illinois state tax return online. I am a first time filer with Illinois (the system is supposed to work for first time filers.). ...
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0
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106
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How to calculate or define moving expenses for California resident tax deduction?
Situation:
I meet the distance & time test for California Moving Expenses Deduction. Move was within California, in 2021. Single person household. The distance one way is 181 miles, using own ...
- 209
4
votes
1
answer
90
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Income tax exemptions and deductions for Illinois part year resident?
I was a resident of IN till mid-September 2021 and then I moved to IL. I want to know what type of exemptions and deductions I should be looking for in my part year IL income tax. Like in IN we used ...
- 395
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2
answers
147
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How were these values calculated for Federal and State Income tax on my pay stub?
My pay stub says:
Gross Pay $5,833.96
Federal Income Tax $681.00. <== ?
Employee Social Security $361.71
Employee Medicare $84.59
GA State Income Tax $295.20. ...
- 430
2
votes
1
answer
62
views
Do post-year contributions to solo 401ks determine in which year the income is taxed?
I am an independent contractor with my own single-member LLC. I completed a lump-sum work contract in late 2021, invoiced the client at that time, but was not paid until January of 2022. I have a solo ...
- 123
1
vote
2
answers
491
views
W2 form box 16 (state income) meaning
I work for a company based in NY, who pay my salary into a US bank account.
I live in Japan, and all my work is done remotely from Japan.
The address in my company HR records is a PO Box in New Jersey....
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1
vote
1
answer
240
views
Sold Calif. house for more than we paid, but moved to more expensive Calif. house. Do we owe tax?
Bought house [A] in May 2019 for $590k.
In 2021, bought house [B] for $915k in July and sold house [A] for $754k in Dec. Moved from A to B july/aug 2021.
UPDATED 1/15/2022...
Both houses were our ...
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1
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58
views
Do MLPs report identifiable information about unit holders to federal or state governments?
Unit holders of MLPs receive a schedule K-1 form to use in tax filing. Often these partnerships operate in many states, and you'll also receive a state specific k-1 form.
For example, Enterprise ...
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2
votes
2
answers
83
views
Do state and city taxes get pulled out concurrently?
I'm trying to figure out if I should accept a job offer in NYC.
Here's tax bracket information for NYC.
Here's federal tax information.
I'm trying to figure out how much of what I'm being paid I'll be ...
2
votes
1
answer
326
views
What should my state tax withholdings be? I live in VA and work remotely for a CA company
I work remotely for a company in California, but I'm a Virginia resident 100% of the time. This is my first year working for this company. Last year, I claimed 1 exemption on my VA taxes (myself).
For ...
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3
votes
1
answer
114
views
How does capital gains tax work on a year when you move from one state to another?
I recently moved across the country (about 3 months ago) and was wondering if I am able to sell any of my equity without a huge tax penalty. I definitely acquired the stocks long before I moved (more ...
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vote
1
answer
90
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How to respond to CA 2020 tax penalty notice? I forgot to indicate I had health coverage
I received this mail yesterday:
PICTURE OF MAIL
I am a student with F1 visa status and filed both federal and state taxes for 2019 and 2020. I do have an external scholarship that includes a very good ...
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3
votes
1
answer
336
views
Why did I receive tax penalty on paid family leave from the California tax board?
I just received a notice from California tax board that says I owe state tax on the deduction I claimed in 2017 for paid family leave. This was filed through turbotax so I assumed it was accurate. I ...
- 161
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votes
0
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61
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How will Washington State Long Term Care tax affect workforce joining in the future
Washington state is planning to bring in a new Long Term Care tax that is going to be 0.58% of the total income. To opt out, tax payers need to buy a private policy before 2021/11/01 and then apply to ...
- 131
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1
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128
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Where does "state tax" come into the picture in Sweden?
Having never had anyone clearly explain this to me, I'm trying to figure out how much taxes the government wants me to pay. In particular, I'm confused about the concept of a separate "state tax&...
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5
votes
1
answer
617
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Strange number on Massachusetts Form 1-NR/PY
I see the following:
Referring to line 3, I understand I have to divide the total days as Massachusetts resident with 365 and carry the division to four decimal places. This is explained nicely in ...
0
votes
1
answer
103
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Which mailing address to use for disputing a California Franchise Tax Board 5818 Notice?
I just got an FTB 5818 Notice saying that I don't have Health Insurance.
I am planning to dispute it by sending in my 1095-B.
Question: Which mailing address should I be using:
Franchise Tax Board
PO ...
- 11
6
votes
3
answers
803
views
Do counties in Illinois collect individual income tax (IIT)?
I did a google search on this issue and I didn't find a firm answer to this question. I did find that in Illinois a county will charge property tax (which varies with county) and there is a flat state ...
- 395
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vote
0
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48
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New York state income taxes for out of state remote worker [duplicate]
I am looking at taking a job offer from a company based in New York. The position is fully remote and I live in Utah.
I have been trying to find information on what my state income taxes will look ...
- 515
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vote
1
answer
204
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Washington Resident Purchasing Home in California
I was formerly a resident of California (before 2019). I still have family there. Now I was considering purchasing a home in California, that my mother would live in. My mother is almost 70 and ...
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2
votes
0
answers
38
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Is telecommuting due to covid valid for taking the home office deduction for W-2 employee for New York State Tax Return?
For W-2 employees, as far as I know, you cannot take the home office deduction for your federal return, if the reason is telecommuting due to covid. It must pass the "convenience of the employer&...
- 145
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vote
1
answer
83
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Can you declare home office use for New York State return but not Federal?
Due to the 2018 IRS Tax Law, W-2 employees lose out on most work expense deductions including home office deduction, as I understand it. And for this year, you cannot use the home office deduction due ...
- 145
2
votes
1
answer
46
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What re the federal and Calif. solar tax credits or deductions for a solar power systems and batteries purchased in California in year 2019 and 2021?
Bought a new solar power system for my primary residence for $65k in July 2019.
Then moved this year and bought a $90k system Nov 2021.
I'm using Turbo Tax.
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