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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5
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1answer
572 views

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 ...
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1answer
64 views

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 ...
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3answers
749 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 ...
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0answers
32 views

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 ...
1
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1answer
65 views

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 ...
2
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0answers
37 views

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&...
1
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1answer
45 views

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 ...
1
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1answer
31 views

Is there a solar tax credit or deduction in California for year 2020?

I can't find info on this anywhere. Bought a new solar power system for my primary residence for $65k in July. I'm using Turbo Tax
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0answers
23 views

What are the tax rules for non US residents transferring money into the US?

Assume a person has no US affiliated ties, like a residency or citizenship, and they live in another country, and they want to move their life savings into a US based bank. What would be their ...
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1answer
44 views

Clarification regarding CA source income for non-resident

I am filing taxes for 2020 as CA non-resident because I have provided a CA address on my US trading account. I have foreign earned income, foreign interest, dividends from the trading account, and US ...
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1answer
20 views

Can one qualify for the Young Child Tax Credit if they don't qualify for the Earned Income Tax Credit

In USA California State income tax if one knows they don't qualify for the Earned Income Credit (EITC) can they also deduce that they are also not eligible for the Young Child Tax Credit (YCTC)? ...
2
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2answers
57 views

If my employer is based in PA and I live in Mississippi and the employer withheld PA state taxes, how do I fix this?

My employer is a trucking company, I live in Mississippi and they collected income tax from me and remitted to PA. How do I get a refund from PA and pay Mississippi income taxes?
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0answers
35 views

How to calculate Net Investment Income Tax: Expenses Allocation (IRS Form 8960)

In an answer to this question, @dave_thompson_085 quotes the section from the Form 8960 instructions dealing with line 9b - allocation of state tax investment expense. Reading the answer and the ...
2
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1answer
95 views

Itemizing charitable deductions on California taxes while taking standard deduction + 2020 charitable deduction on federal taxes

This question is pretty specific, but it's worth a try. Apologies in advance for the length; I'm aiming to be as clear as possible. In 2020, as a provision of the CARES Act, it is possible to take the ...
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0answers
50 views

Effect of new tax plans on inherited assets?

I was reading this article on Biden's new tax plans and had a few questions. They propose the following situation where these new laws would come into play. Consider, for example, an entrepreneur who ...
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1answer
149 views

Is New York's formula for taxing non-residents constitutional? How? [closed]

When a New York State non-resident has NYS income, NY's tax rates are based NOT on the absolute amount of the NYS income, but on the non-resident's federal income, pro-rated to the percentage earned ...
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3answers
66 views

Filing my Taxes and Paying later

I plan to file my US 2020 Income tax return in the next few days. However, I am not planning on paying the amount due to around May 15. I plan to do the same for the state of NJ. Is there any issue ...
1
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1answer
35 views

Which state income taxes apply on executor income (executor resident state, or state in which probate occurs)?

I am a beneficiary and executor of estates of two relatives that died in WV. I reside in another state, which also has state income taxes. Do I claim the executor income in my state of residence? or ...
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0answers
48 views

Change State Income Tax

During 2020, my permanent address from January 2020 to August 2020 was in New York City. From September 2020 to December 2020, my permanent address was in Pennsylvania. Here are some notes: From ...
2
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1answer
84 views

How to avoid the $800 minimum franchise tax as a California resident with out-of-state business?

Assume a California resident sets up an out-of-state trust, which in turn is the only member (and manager) of an out-of-state LLC for business in another state (e.g. holding rental properties outside ...
0
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1answer
84 views

NY state tax when living in NY and working 100% remotely for a company in WA

I got taxed for NY state(when residing in NY state) and working for a IT company in WA state(WA is my work state). Notes: I lived in NY for less than 184 days. 1 Jan 2020 - 15 March 2020 - India - ...
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2answers
31 views

Indiana State Tax Returns | Did not receive 1099s

I have not received 1099s (INT, DIV, B) from my broker this year. I have to file Indiana State taxes by paper. Since, I do not have 1099's to attach what should I send in place of that? I have some ...
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1answer
42 views

Choosing Indiana Individual Income tax form for an International citizen

I am an international citizen and according to the rules specified on the IRS website at this link, I am a resident alien from 2020 (For years before this my status was non-resident alien). I lived in ...
0
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1answer
44 views

Carry over of North Carolina foreign tax credit

Referencing North Carolina income tax form D-400TC, Part 1 seriously limits the amount of foreign tax credit (FTC) I can take (line 7a is considerably smaller than line 6). I am wondering if it is ...
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0answers
39 views

TurboTax: Cannot enter interest/dividend in MI state return

My wife and I are filing returns jointly. My wife was a part-year resident of MI and I was a non-resident of MI. She had some income from interest/dividend but TurboTax does not give us any way to put ...
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0answers
30 views

Federal NOLD vs Florida NOLD

I'm considering opening a corporation within the State of Florida. Although, I'm trying to understand the Corporate Short Form Income Tax Return. Florida Short Form F1120-A Line 1 (total income) Line ...
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1answer
62 views

How do Federal and State Capital gains tax offset one another or stack?

I want to know how capital gains taxation works to understand better about taxes. To make it very simple lets say that Federal capital gains tax rate is 20% and state capital gains tax rate is 10%. ...
2
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0answers
43 views

Income taxes - Changing state of residence before moving out of the US

I'm an European citizen working for in the US with a 2 year contract; I was and will be a non resident alien for 2020 and 2021, but RA in 2022; I have to contribute to a retirement fund (it's a 401(a),...
2
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1answer
97 views

Taxes on out-of-state income due to working remotely during pandemic

An employer located in VT (USA) has employees who live in VT and NH. All of these employees were accustomed to commuting, as it is not a job which lends itself easily to remote work. Due ot the ...
3
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1answer
90 views

Can 2020 workplace for state income taxes be changed retroactively due to COVID?

We are residents of Pennsylvania. I work in Pennsylvania and my wife works in Delaware. Like many people working office jobs last year, we started working at home in mid-March 2020. My wife was ...
2
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1answer
49 views

Computing state taxes on back dated salary

I began 2020 working abroad, but then began working (very) remotely from the US due to the pandemic. It was not until several months later that it became clear that I would not return abroad for the ...
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0answers
439 views

What is “decoupling from IRC” in NYS Tax 2020 line 19a

NYS Tax 2020 Line 19a says "Recomputed federal adjusted gross income" (see page 16 line 19a worksheet) I go to the worksheet and it says Line 19a – Recomputed federal adjusted gross income ...
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1answer
42 views

Defining the status of a LLC

This takes place in the USA. I sent the documents that are required to close my LLC but never got confirmation that it was dissolved. Throughout the whole time I ran it, I was never able to log into ...
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1answer
50 views

How to determine state tax for 401(k) distribution as a part-year resident?

I'm trying to help my in-laws with their taxes and I just want to make sure about something before filing. They bought a home in Texas (no state tax) in the middle of 2020, still maintaining residency ...
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2answers
78 views

If I move out of state for 6 months to work remote, how do I setup my tax residence?

Currently my wife and I are living in California. I work remote for a company there. I am not a US citizen but I have an EAD (work authorization) in case it matters. So for now, I have been a ...
0
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1answer
70 views

Can I file state taxes for two states (MA,NY), claiming to be a non-resident at both?

MA requirement for a full year resident is living in the state for more than 183 days, while in NY the rule is that a full year resident is someone who lived there for more than 184 days. If a person ...
2
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2answers
84 views

Do I need to report Illinois, USA state tax while filing tax returns if I was working from home in Indiana for a Illinois based company?

There are similar questions for Illinois and California, but since situation might be different for each state so I am asking this specifically for Indiana and Illinois. I lived in Indiana for the tax ...
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1answer
25 views

How do I reflect Stock Profit and Dividend in New York State Tax 2020

Please help me I googled how to reflect stock profit and dividends for New York State tax, but it led me to New York State tax website I was unable to understand. Few days ago I called New York ...
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0answers
64 views

Pennsylvania Taxation of Treasury Bonds Purchased on the Secondary Market

How does Pennsylvania tax the following items for TREASURIES (purchased on the secondary market): Accrued Market Discount (1099-B Box 1f) Bond Premium on US Treasuries (1099-INT Line 12) Accrued ...
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2answers
39 views

I got 1099-NEC that reports box 1 income but no state income (box 7), is this possible or an error?

My spouse did some work for Operation Bandana New Mexico last year, a nonprofit that makes face masks to donate to schools, etc. She got a 1099-NEC as expected with the income reported in box 1. ...
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2answers
79 views

Is CA FTB not in breach of IRS rules by demanding ITIN?

The IRS declares in many documents that: "ITINs are IRS assigned numbers issued only for federal tax administration purposes" and "ITINS do NOT Serve as identification outside the ...
2
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1answer
115 views

If I worked remotely from another state for 3 months, do I need to file in both states?

I live and work in Illinois. From March 15, 2020 to May 30, 2020, I worked remotely from Indiana for a company domiciled in Illinois. I'm trying to figure out if I need to file for Indiana. Looking at ...
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0answers
80 views

I travel a lot - how can I change my address to a non-income tax state without actually “living” there? [duplicate]

Due to my profession, I'm constantly traveling, and I rarely stay at my permanent address. I was wondering if I could change my address to a state that doesn't have state income taxes. However, from ...
3
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1answer
47 views

Will capital gains from one state offset capital losses from another state?

I moved in the middle of the year. I made capital gains from stock sale while living in NYC and then had capital loss from stock sale after I moved to NJ. Usually I could offset capital gains with ...
5
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1answer
968 views

Capital Gains tax while moving states within US

I'm moving to California in Feb 2021 from Chicago, Illinois. I'm looking to sell stock through which I made $25k capital gains in long term stock. IL capital gains tax is at 4.95% while California is ...
2
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2answers
368 views

Working remotely in Texas but office is in Illinois

I was reading this article here: https://www.jpmorgan.com/wealth-management/wealth-partners/insights/working-remotely-watch-out-for-state-taxes and was interested by the "high state income tax ...
2
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1answer
67 views

Filing state taxes as a pandemic related WFH move

I lived and worked in NYC until last year. When my company mandated WFH in March 2020 due to the pandemic, I terminated my lease in Manhattan and rented a new place in Miami (near my family) from ...
4
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3answers
793 views

Moved partway through 2020, filing taxes in both states?

I got a job in Maryland (starting june 2020) and moved to the state after graduation in May. However I was still “officially” a resident of Michigan until the end of August (that is, i got my drivers ...
3
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1answer
65 views

Deducting Federal Income Tax from State Income Tax Liability

Context: I am calculating what my taxes will be next year (2021) for purposes of filling out my W-4s such that my withholdings will be as close to my actual tax liability as possible, to minimize my ...
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1answer
91 views

Working in 2 different states: does the California income tax rate only consider the money earned in California, or anywhere?

For example, let's take Bob who: worked from January to March in California, where he earned 30kUSD (W2 income and Bob was a California resident), worked for the rest of the year in the state of ...

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