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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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1answer
354 views

Tax filing requirements for OPT period (F-1 VISA) in Pennsylvania

This past year I worked under the Optional Practical Training (OPT) program after I graduated. I started my employment period March 15th and worked until September 28th. During this time I got paid ...
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0answers
149 views

Is income from bank account bonuses taxable on my state tax return?

I'm a student in the US on an F-1 visa. Last year (2017), I opened ten new bank accounts, all of which had promotional offers. As a result, I received around $3000, and this has been reported on Form ...
4
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1answer
384 views

Employer does not withhold state taxes

I live in GA where there is a state income tax. I work in TN where there is no income state tax. My company does not operate a business in GA and are telling me they cannot withhold GA taxes for this ...
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2answers
378 views

Does the increase in the Child Tax credit affect the Empire State child credit as well?

NY state has a tax credit called the Empire state child tax credit. According to the description of this credit on the NY state department of finances website If you claimed the federal child tax ...
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2answers
5k views

How much of my state income tax refund is considered taxable income?

Under the previous tax law, if you itemized and deducted your state income taxes but then got a state income tax refund, the refund was considered taxable income in the subsequent year's federal ...
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0answers
20 views

How to save some tax exemption on NJ state tax?

How to save some tax exemption on NJ state tax ? Though question is broad, considering single person live and working in NJ looking to have some tax breaks on state tax?
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3answers
226 views

US/NY: Benefits of paying SALT before 12/31

I'm a resident of New York City. An accountant mentioned that I should consider paying state and local income tax on income earned in year 2017 before the end of 2017. I don't remember the reasoning ...
4
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1answer
95 views

Does the address on a W9 matter? IE for state taxes?

I have a PO box in CA where I have been receiving mail, and wish to continue to as I don't have a stable address in NYC where I live. When I send clients a W9, would it be an issue to use a CA ...
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1answer
292 views

GST & TDS for international money - advertisement platform

Am from India and I've created an online platform(a webbased application) where ADVERTISERS can list ads(or campaigns) and PUBLISHERS can use this ads and promote them. So when ADVERTISERS pays me, ...
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1answer
84 views

What is the tax liability from an inheritance from a trust and reported on a K-1 form?

I'm receiving an inheritance from the death of my grandmother. The money is being distributed from a trust, and I am told that the distributions are going to be reported on K-1 forms and I will need ...
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0answers
31 views

Single Member CA LLC moving to WA keeping CA client - residency and work outside of CA

I have a CA Single Member LLC and do work for a California client. Contract work is between client and LLC. I move from CA to WA and establish residency there. I perform ALL work outside of CA. ...
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0answers
43 views

I live in Nevada but work in another state

I was working and living in IA but recently moved to NV and now I am working remotely. In my last paycheck I noticed no state tax was withheld. I understand next April I will have to file taxes for ...
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1answer
264 views

Reporting financial gains from my online store

First off, I'm located in Massachuesettes. Back in July, I launched a clothing company where I was selling shirts with my designs on them, through a big cartel shop. The brand took off faster than I ...
2
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1answer
867 views

INCOME TAX E-filing - post office saving bank IFSC code? (AY 2017-18)

My query is regarding IFSC Code for Post Office Saving Bank. I tried to find everywhere including visiting the bank but they say they have no IFSC Code. Now as per the new income tax form (ITR 1) (...
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4answers
3k views

what is a UPS/FedEx accepted physical address for the California Franchise Tax Board

I need to file my California tax returns but am living abroad. I was told that I can only use FedEx/UPS to send my tax returns, but the California Franchise Tax Board only has a PO box address where ...
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0answers
166 views

Do I have to pay New York state tax? Freelancer with New York LLC, living in Florida

I'm a freelance software developer working from home. I work through a single-member LLC registered in New York. I previously lived in New York and paid New York state tax, but I have moved to Florida....
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1answer
32 views

account transcript from states

I can get account transcript from IRS. But can I get the same from states? Particularly I'm interested in RI, MA and CT.
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2answers
2k views

What are tax allowances? How many should I claim?

I've been asked by my employer to fill out a form with my US Tax Information. One section of the form, (State/Local Tax Data: NYS IT-2104), asks for my allowances. I generally understand that ...
2
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2answers
380 views

In USA, what circumstances (if any) make it illegal for a homeless person to “rent” an address?

I retired in 2014, sold my house (in USA) and hit the road. I spend much more time out of USA than in it. But I don't stay in one place long enough to justify telling people/businesses a new address....
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2answers
915 views

How do I recover income tax withheld to wrong state (where my home state has no income tax)

I had been working as a contract to hire, working for Company A, employed by Company B. I was then directly hired by Company A, all within a tax year. Shortly after the transition, it was found that ...
0
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1answer
122 views

How much can be saved in state income taxes by moving?

Supposing Emma lives in New Jersey and makes $100,000 a year. In NJ for her salary, she pays 6.8% in state income taxes. Suppose she moves to Maryland but there for the same salary she only needs to ...
4
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3answers
2k views

Are 529 earnings state-taxable in California?

Whether contributions to a 529 plan can be deducted from income for state tax purposes has been discussed and is documented in many places. However, I am interested in the California state tax ...
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1answer
785 views

Where do you pay state tax if you live in NC and work 100% remotely for place in PA?

We relocated from PA to NC, but I will work 100% remotely for a company branch located in PA. My tax withholding were adjusted so that $0 goes to PA and appropriate amount goes to NC. I found ...
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1answer
2k views

How are lottery winnings taxed when you move to a new state?

If you win Mega Millions in a taxing state and choose the annuity option and later move to a non-tax state, will you still have to pay taxes to the state you won in?
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1answer
47 views

Tax returns in 2 states

I live in MA, but did an internship in CA in 2016. Filed electronically the tax returns for IRS and 2 states, applying the CA tax amount as a credit in the MA return, as it is usually done. However, ...
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2answers
2k views

Tax consequences of changing state residency?

If I move to a different state that has a different tax rate, how does that affect how my taxes are computed? For example, I live in Massachusetts which has both income taxes and capital gains taxes. ...
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1answer
122 views

How do I minimize my taxes as an IT Employee in India?

I am working as java developer in start-up software company. My monthly salary is 30,000. The company takes my money as tax (1,500/month tax), and 2,000 for a food plus card. How do I get all of the ...
3
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1answer
230 views

Is there a “Free File Fillable Forms” equivalent for CA Form 540 for California Income tax?

I really like the user experience for Free File Fillable Forms for crunching out the 1040. Is there something equivalent for the State of California? CalFile has more of a Q&A format like Turbo ...
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0answers
406 views

What do “resident” and “part-year resident” mean exactly in the context of the Massachusetts tax return?

I'm currently filling out my Massachusetts tax return for 2016. Background: When it comes to US federal income tax I'm a non-resident alien and I was at a university in Massachusetts on a J-1 visa ...
2
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1answer
135 views

Estimated tax payments in VA

I lived in the US in 2014, and I got a salary from a company located in Virginia (VA) in 2014 and 2015. I didn't file the VA tax return back then and I want to sort it out now. I did file the federal ...
1
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1answer
395 views

Live in NY but work in California

Which state tax applies if your live in NY and work in California on a job that will be about 3 or 4 month long. Company is located in ILL. Will he pay NY taxes in the state he lives in?
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0answers
50 views

1099-MISC and state file taxes

I received 1099-misc for a work from home part-time job for $6,500. No state taxes were withheld. I'm located in Maryland and the employer is in Connecticut. Am I supposed to file state taxes for ...
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2answers
615 views

State returns for married couple living/working in different states (CA & IL)

For the tax year 2016, me and my wife were residents of and earning income in different states (CA and IL). We filed a joint federal return to have larger deductions, but I am not sure if we should ...
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2answers
493 views

US State Tax Filings for international student

I have a classic question that a lot of my peers in my university have. I am an international student at New York University (NYU) currently on my F-1 visa in the United States pursuing a Masters ...
5
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1answer
282 views

Is it common for a one-time windfall to lead to an individual net operating loss in the following year?

Suppose that Alice ordinarily makes $100,000 a year. Then, in Year 1, she wins the lottery and experiences a one-time windfall of $2.4 million, bringing her income for that (single) year up to $2.5 ...
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1answer
341 views

In what cases can states tax non-residents?

If a person is a 100% resident of Oregon, and happens to work for a company located in Massachusetts, where does that person pay state income tax? It can't be that they have to pay taxes to both ...
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1answer
257 views

I have two W-2 forms, which form do I use for boxes 15-17?

I have two W-2 forms both from companies in California. I am filling out my taxes using Credit Karma's new tax website. It will only allow me to enter a single set of values from one of the W-2's, not ...
4
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1answer
155 views

Why do I have to pay taxes to NJ when my company is located in NY and I live in NY?

I live in New York State, I am hired by my company and registers to the NY office. I am on an assignment in New Jersey and conduct physical work at our client locations in NJ and NY. Why am I paying ...
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1answer
118 views

Illinois resident, worked in New York and Boston, which state to file tax return?

My home is in Illinois. I am in a New York college. I worked in college. I also worked a summer job in Boston. I received W-2 forms from my NY college and the Boston company. In which states should I ...
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2answers
2k views

Do I deduct last year's state taxes or this year's?

The instructions for IRS Schedule A are not clear. On one hand it says the amount of state taxes I paid can be found on my 2016 W2, but on the other it seems to say to deduct taxes "paid in 2016" ...
4
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3answers
461 views

How Deductible Taxes Work When Not Withholding Taxes

I'm trying to understand how Deductible Taxes work in United States, and what I can actually deduct in the scenario where I don't have taxes withheld. According to IRS.gov it says To be ...
0
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1answer
75 views

Moved states halfway through year and sort of employers

I'm confused about my tax situation this year. I started 2016 living and working in WA state. In May I moved to CO state but continued to be employed by my WA state employer. However, the employer ...
4
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1answer
2k views

How do I reconcile income taxes withheld and remitted to the wrong state?

I work remotely from my home office in Atlanta, GA for a NYC-based company. I started at this company in 2016 and I just received my first W-2 form. My company uses Just Works as a professional ...
3
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2answers
281 views

Does it make sense to retire in a state with no state income tax?

TL/DR: Is it worth retiring (fully residing or snowbirding for a substantial part of the year for tax reasons) in a state with no income tax? What are some factors to consider? Is there a net ...
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1answer
3k views

Filing State Tax Returns as an Out-of-state College Student

I have a permanent residence in Pennsylvania, and I attend college in New York. Currently, I earn no income in PA, but I do have a job on-campus. My question is this: which state tax return(s) should ...
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2answers
1k views

What is the federal and state taxability of Massachusetts Solar Renewable Energy Credits (SREC)?

I installed a photovoltaic solar panel system on my house in the summer of 2015. (It's not a lease arrangement or the like; I own the solar panels outright.) As part of the government incentives for ...
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1answer
30 views

Income Tax Filing for Invoices that are for client supplies/infrastructure

Can someone provide me information on how taxes are impacted in the following scenario: I am a web developer My clients are charged for infrastructure setup fees (such as hostnames, servers, etc) ...
5
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1answer
86 views

State tax deduction of 529 account deposits?

My state (Massachusetts) will offer a tax deduction next year for up to $2000 in deposits to a 529 college savings account. I have a credit card which offers 2% cash back. The choices were to have ...
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2answers
643 views

Divide by zero on 540NR form (due to tax treaty)

I am filling a 540NR form for 2014, for California. Line 33 says: "CA Standard Deduction Percentage Divide line 32 by line 17. If more than 1, enter 1.0000" Line 32 is the CA adjusted gross income, ...
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1answer
714 views

Wealthfront Personal Account or Personal+Roth IRA

Good evening all, I recently started investing money into a Wealthfront personal account, and once creating it, I have started wondering what truly is most beneficial for me both long-term and short-...