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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
57 views

Tax implications to sell my pre-IPO shares through Sharespost

Several years ago, I was granted some RSUs from a company and I'd like to sell those RUSs in Sharespost (sharespost.com). I want understand the tax situations here. Let's just say I paid those shares ...
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0answers
25 views

NYS Part-time return and Federal Foreign Earned Income Exclusion

I have a hard time to understand how to report the Foreign Earned Income Exclusion on New York State form IT-203 when filing as a part time resident. Specifically, I was living in NYC, accepted a job ...
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0answers
16 views

NYC Tax Rates on Educational Software

I've received consumer subscriptions, and now sending an invoice to a school, for an educational technology piece of software (a web based video game, non-downloadable), and am curious about NYC tax ...
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0answers
36 views

One spouse in community property state, other spouse in non-community property state, filing taxes jointly

I am a resident of California, a community-property state, earning my income in California. My wife is a resident of Oregon, a non-community-property state, earning her income in Oregon. We file taxes ...
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1answer
83 views

Received a Federal tax refund/credit from 2016 in 2018. I itemized. Do I report this as income on state taxes 2018?

I had a refund or credit on my 2016 Federal taxes. I decided not to take it but put it towards the following year 2017. However the next year it did not come up while doing taxes. So a month after ...
1
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1answer
479 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 ...
2
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1answer
59 views

Should I indicate on Form 1 for 2015 for Massachusetts my current address or my address in 2015?

I am filling out a 2015 Form 1 (mirror) for the state of Massachusetts in the United States. My address has changed since 2015: I now live in a different state in the United States. Am I supposed to ...
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1answer
88 views

What should be my state tax withholding if I do internship in another state?

I am doing internship in New York but I live in California. I am also an international student (F1). Our country has tax exempt agreement, so I am eligible for federal tax refunds. During the ...
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0answers
90 views

Maximize negative tax rate

I've been reading articles about people getting negative taxes, and am curious about how much someone can actually earn and still pay 0 or negative taxes. Suppose I have an LLC, and my wife and I are ...
4
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0answers
93 views

State tax withholding election

I live in Connecticut but work in New York. My employer wants to know what state I wish to be "taxed in". I understand that CT gives a credit for taxes paid in NY. Which state should I elect to have ...
2
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2answers
112 views

Can a brokered CD still count as “Massachusetts Bank Interest” for income tax purposes?

On the Massachusetts income tax Form 1, line 5 is for "Interest from Massachusetts Banks". This interest income gets an amount deducted from it ($200 for married filing jointly), and is reported there ...
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1answer
161 views

How to get money back from tax filing in US?

I'm on a student visa in the MA, US. This year(2019) it was my first time filing for tax as I got the part-time job on-campus in my university. I submitted the tax form to a person who came to my ...
2
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1answer
166 views

How does Massachusetts tax selling US Treasury Bills before maturity?

If I buy a 4-week US Treasury Bill at auction and hold it to maturity, the interest I earn is state-tax-free. Just to put a number on it (even though I know rates aren't actually that high right now), ...
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1answer
40 views

new york state 529 k-12

https://www.nysaves.org/home/fe.html Under New York State law, distributions for K-12 tuition expenses are considered nonqualified withdrawals and will require the recapture of any New York ...
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3answers
402 views

State tax when living in WY and working 100% remotely for a NY company?

If I live in Wyoming but work 100% remotely for a company in New York City, do I have to have withheld or pay NY state income taxes? Note that Wyoming has no income tax. When I say 100% remote, I ...
2
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1answer
87 views

Remote state taxes

I live in Florida and I work remotely to a New York office and I am being paid thru their payroll not 1099. The employer has been deducting NY state tax and I know Florida does not have state tax. I ...
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0answers
114 views

Foreign Earned Income Exclusion when working for a US company remotely

I'm a US citizen who lives and works in California. I've been looking at a possibility of working remotely and living abroad. My understanding is that when it comes to state taxes, you pay income tax ...
7
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2answers
417 views

Is it legal to move to a different US state before moving out of the country to avoid paying state income tax abroad?

Today I've learned that Americans have to pay state income tax based on their last residency address, even if they relocate overseas. So let's say you know you will be moving from the US to another ...
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1answer
87 views

Colorado 529 withdrawal income tax recapture and AOTC

In Colorado contributions to the state 529 plan are deductible from State income taxes. These income taxes are recaptured if a non qualified withdrawal from the plan is made. My husband (the ...
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0answers
52 views

Tax in India and UK

I came to the UK in March 2019. Due to other formalities, my bank account was opened in April 2019. So in March 2019 my Indian salary got credited in an Indian bank account after tax deductions. In ...
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1answer
107 views

Declaring taxable income for a minor in the United States

I am 16 years old, located in the United States (Texas), and I am currently embarking upon entrepreneurial endeavors. The main ways, via those aforementioned endeavors, that I would earn money are ...
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1answer
82 views

Can a nonresident alien claim the NY State Standard Deduction (2018)?

Can a nonresident alien (Form 1040-NR-EZ) claim the NY State standard deduction or does he/she need to claim itemized deduction (like on the federal return)?
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6answers
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Is the Standard Deduction better than Itemized when both are the same amount?

For 2018 the standard deduction is $12,000 for individuals, $24,000 per household. If someone's itemized deductions equals the standard deduction, or is very close, which one is better to take? For ...
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1answer
57 views

Incorrect state on W-2 withholding

Working on TurboTax, and I notice that my W-2 shows my tax withholding for NC. I moved twice last year with the same employer as I move to work with their client. But seems my tax withholding didn't ...
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1answer
97 views

Why is California's income filing threshold GREATER than the standard deduction?

For California, the tax instruction booklet says that you need to file the income tax forms if your income is over $17,693 "gross" or $14,154 "adjusted". However, the state's standard deduction is ...
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0answers
122 views

Can't file taxes probably due to ITIN -> SSN change

I get the following error while filing married filing jointly taxes in California via TaxAct (electronically, paperless): Rule Number: F540/NR/NRS/2EZ-230 Rule Number Description: There is an ...
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1answer
5k views

How to handle capital gains on a Virginia Individual Income Tax Return

I reported capital gains (reported to me on a 1099-DIV) on my 2015 Form 1040A "U.S. Individual Income Tax Return" (line 10.) Using the "Qualified Dividends and Capital Gain Tax Worksheet" on p. 38 of ...
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2answers
194 views

Am I a part-year resident or non-resident of the state of Illinois for tax purposes?

I am having some trouble determining my tax status for the state of Illinois. I was a J1 (short term scholar) in the state of Illinois for 3 months. From reading this piece of information for first ...
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3answers
1k views

How can I file this year's tax return if I haven't got the refund from last year's return?

Here's my situation: For the year of 2013, I did not file my federal return within April 15th deadline (I did not owe any taxes, and I was waiting for my wife to get her SSN so that I could file a ...
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1answer
31 views

NJ 1040 Dividends

For the NJ 1040 do you add together your ordinary dividends and qualified dividends or are the qualified dividends already part of the ordinary dividends and I should just report the ordinary dividend ...
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0answers
24 views

Trading or Investing on Equities Annual Taxing in California

Trading Imagine an individual trading account for 2018 fiscal year increased from ~$100K to ~$200K Total amount of trading transactions were at >~$20M Imagine for a married couple with another ...
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5answers
5k 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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4answers
2k views

Can I use UPS to send my tax returns from abroad to IRS Austin?

I have used an online service to do my taxes and they have asked me to mail the signed returns along with my W2s and other documents to IRS at Austin and the treasury dept of New Jersey for the state ...
4
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1answer
149 views

State income tax : full resident, spouse part-year resident: joint return possible?

In 2018 I was a resident of New Jersey the whole year, but my spouse was a part-year resident: he permanently moved to Germany on August 1st and established his domicile there. After that date, he ...
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1answer
204 views

CA Safe Harbor Estimated Taxes

Assuming no income taxes are withheld, does paying 30%, 40%, 0%, and 30% (33, 44, 0, and 33 for high earners) of previous year taxes by each respective estimated tax due date meet safe harbor ...
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1answer
196 views

Does New York State law require me to e-file if I use TurboTax?

If I use Turbo Tax to prepare my taxes with locally installed software, and specifically Turbo Tax with New York State, to prepare my returns, am I permitted to file my returns by mail and paper, or ...
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1answer
145 views

Do I not have to pay state tax on capital gains on my stock sales?

I live in NJ and for tax purposes, I am a full year resident of NJ. In the NJwebfile site, I cannot find any option to report capital gains on my stock sales. Also in the instructions, I could not ...
4
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1answer
520 views

My girlfriend has lived with me the entire year of 2018, with no job. Does she need to file a State tax return?

I work in a contracting company, so I sometimes have to move and work every few months. I have been in NC, then IL, and now in AZ. My girlfriend lives with me, and she is a full-time student (since ...
2
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1answer
245 views

What state do I pay taxes to, if I'm nomadic?

Let's say I live in an RV and move camps every week or month, moving between states frequently. When tax time comes, which state do I pay?
3
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3answers
510 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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0answers
45 views

How do Rent Concessions affect the DC Renter Tax Credit?

I live in a rent-controlled apartment in Washington DC, and my landlord engages in a scheme to get around Washington DC’s rent control laws. How it works is that my nominal rent is $2000, but I get a ...
2
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2answers
60 views

Rates and valuation notice is it equivalent to market value of a property in Victoria, Australia?

I received a rates and valuation notice from the council and the valuation of the property is approximately $80,000 less than what I paid for it 6 months ago. This is my first mortgage property and I ...
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4answers
824 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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1answer
154 views

How do I get a notice number to pay North Carolina income tax?

This page says I can pay my North Carolina individual income tax using the online payment system: https://www.ncdor.gov/taxes-forms/collections-past-due-taxes/payment-options But the online payment ...
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0answers
43 views

PA state tax for CA income as an F-1 student (nonresident alien)

I'm currently studying in PA on F-1 visa and have earned my only income last year from CA (internship while on CPT). I understand I should file state tax with CA as a nonresident. But I'm confused ...
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2answers
129 views

On a 1099-MISC, do you pay state, federal, social security and medicare taxes? Anything more or anything less?

If I work on a 1099-MISC, I will pay approximately 15% for social security and medicare. Do I also pay for state and federal taxes all the same? For example, I see NY state tax is 6% and since I will ...
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0answers
50 views

How to report HSA capital loss on California tax returns, Schedule CA 540 form?

How do we report Capital losses on HSA for California State taxes form schedule 540? Do we need to attach Schedule D (of CA)?
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0answers
18 views

Do I need to report state tax refund if I did not itemise my deductions in the year I paid taxes? [duplicate]

I had not itemised my deductions in 2017 and received a state tax refund for that year. The FTB (California) did not send me a 1099G either. Do I need to report that refund for 2018 taxes?
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10answers
19k views

What dissuades people from lying about where they live in order to reduce state income taxes?

Lets say you work in Chicago and live in Chicago but put your home address as somewhere in Indiana. Then every week you collect the mail that is being sent to you in Indiana. Wouldn't you save a lot ...
2
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0answers
33 views

Portioning taxable state refunds when living and working in different states

I live in Indiana, but work in Illinois -- some of my job contracts are on-site in Illinois, and others are remote work. Last year, I received a taxable state refund from Illinois. In my Schedule NR ...