Questions tagged [state-income-tax]
For questions relating to state income taxes. For most questions, a state-specific tag should also be included.
400
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How to Report Income State Tax on Dividend Income from Mutual Funds While Traveling for an Extended Period
I left Kansas in July 2022 and have not returned since. My income for the year 2022 is solely interest and dividend income from mutual funds, including emerging market and corporate funds. The sources ...
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1
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97
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Double Taxation - New York and New Jersey
I have a tax situation for year 2022. Amounts given below are examples.
1/1/2022 to 8/8/2022: living and working in Indiana (income $55,000)
8/9/2022 to 12/31/2022: living in New Jersey, working in ...
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2
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Are taxes on unclaimed property lower when living inside the State or outside the State? Specifically: Pennsylvania and New Jersey
I am currently unemployed living in Atlantic City, NJ and previously I lived in Philadelphia, PA.
There is unclaimed property in Pennsylvania from my deceased mother's savings account.
Will I be ...
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1
answer
59
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Nonresident alien -- Tax filing and late payments for class action settlement
I am a non-resident alien having lived in the USA in 2015-2021. I just found out I'd received a class action settlement for almost $400 back in May 2022. (The funds were deposited into my PayPal ...
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2
votes
1
answer
85
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Move out of and back into New York State in the same calendar year
On January 1, 2023 I was a resident of New York State. In the middle of the year I moved out of New York State to work for my employer physically in a different state. I abandoned my New York State ...
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70
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If an Humanitarian Parolee sold property (car, furnitures) from their origin country and have recently move to the US, do they have to pay tax on it?
Let's say a humanitarian parolee from Nicaragua, or Haiti has put their belongings on sale just before they leave for the US, but after 7 weeks in the US those belonging(car, furniture) has been sold, ...
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31
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Alabama Income Tax 40R and 40NR
My son was a resident part year in Alabama, then moved to Missouri. His job is online but headquartered in Alabama. Turbo Tax is saying he has to fill out both a 40R and 40NR for Alabama. How does ...
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42
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NY Part-Resident Income allocation
Let's say I moved out of NY state on June 30th, 2022 (exactly half year NY resident) but I continue to work for same employer but in a different state. (New state I moved to, doesn't have state income ...
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43
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Is margin interest deductible in Pennsylvania
I am filing taxes for a family member and they have a sizable amount of investment income in 2021, as well as some margin interest. Both the internet and my tax software made it clear that I can ...
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Massachusetts State Tax: Can one at the same time apply a FICA deduction on the state tax return and ask for a FICA refund?
I am J1 nonresident for tax purposes using the Sprintax software and I ran into a bit of a conundrum. The software is applying a FICA deduction for my MA state tax return but I am claiming a refund of ...
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169
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Why doesn't anyone look at the combined federal and [Your State] tax rate, grouped by bracket?
Why doesn't anyone look at the combined federal and [Your State] tax rate, grouped by bracket? Let's say like the Federal + New York tax rates?
Wouldn't this determine the incremental amount of total ...
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709
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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 ...
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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
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98
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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
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232
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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 ...
- 361
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106
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Taxes on a Delaware corporation, if there is no physical presence?
On Carta and elsewhere, 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
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178
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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 ...
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2
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1
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60
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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 ...
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50
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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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2
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813
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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 ...
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67
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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 ...
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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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41
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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 ...
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40
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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 ...
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155
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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 ...
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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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124
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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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2
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1
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89
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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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2
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1
answer
85
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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....
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181
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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 ...
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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 ...
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2
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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 ...
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1
answer
104
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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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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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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?
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1
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543
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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 ...
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1
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86
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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 ...
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1
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212
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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 ...
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2
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1
answer
50
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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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121
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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 ...
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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 ...
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214
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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. ...
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1
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63
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 ...
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2
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688
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
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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58
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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
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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
423
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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118
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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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1
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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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