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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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 ...
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34
votes
11
answers
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I hate the high taxes in NYC. Should I incorporate in or move to another state?
I'm in NYC currently and make a good living doing remote web development work and I get a 1099 at end of year. My taxes take about 35% of my paycheck.
I was thinking about incorporating in another ...
- 2,025
23
votes
6
answers
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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 ...
- 366
22
votes
8
answers
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Why did the federal government ever allow taxpayers to deduct their state taxes from their federal taxes? [closed]
At the end of 2017, President Trump signed into law the Tax Cuts and Jobs Act with among other things eliminated the federal tax deduction for state taxes paid.
Essentially, the federal government ...
- 1,290
16
votes
2
answers
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I e-filed my taxes ONE SECOND after the deadline - am I in trouble?
I am a US resident and last night I e-filed my 2019 federal income tax return with TurboTax and I owed money.
(I know you should NEVER wait for the last day but it's been a couple of crazy weeks so I ...
- 283
11
votes
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
10
votes
3
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542
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Will it be financially advantageous to rent out my condo on AirBnb?
I'm considering renting out my furnished 2BR/2BA condo as a daily rental. It is close to hospitals and is in Little Rock, Arkansas.
I don't expect to make enough money to pay all the expenses ...
- 101
8
votes
4
answers
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Which state do you pay taxes in if you work in a different state than your employer? Specifically, if you live DC and work for a company in New York?
I've been doing some research on paying state taxes while working remotely and I will be consulting a tax advisor or CPA in regards to the matter; however, I love the StackExchange and I wanted to see ...
- 181
8
votes
2
answers
902
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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 ...
- 5,832
8
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2
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I live in Maryland and work in Virginia. Do I need to file multiple state tax returns?
I live in Maryland and commute everyday to Virginia for my job. I do not have any rental property in Virginia. Do I need to file multiple state taxes?
- 561
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2
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Do Americans working overseas pay state taxes?
I've been reading some questions about Americans paying taxes to the US while living and working overseas. I've also been looking around at some linked websites, but I haven't seen anything regarding ...
- 205
8
votes
2
answers
953
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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 ...
- 81
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votes
2
answers
3k
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Is freelance income earned by a U.S. citizen while living abroad subject to state income tax?
My wife is a freelance web developer, formerly residing and paying taxes in NY. She left her job in December 2011. We moved to Italy (where I am employed by the U.S. government) in January 2012.
...
7
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4
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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....
- 997
7
votes
1
answer
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 ...
7
votes
1
answer
1k
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I gave an incorrect account number to pay my income taxes
I used TurboTax to prepare and e-file my federal and New York State tax returns. I owed money on both and I elected to have the amounts debited from a savings account. When the transactions never ...
- 456
7
votes
2
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902
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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, ...
- 201
7
votes
1
answer
236
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Can I choose which state to pay income tax to when I am traveling and have no permanent residence in the US?
I am leaving for a year-long trip around the world. I will have an income while traveling. Is it possible for me to choose which state will tax me as I will not have a permanent residence in any state?...
- 275
7
votes
1
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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 ...
- 331
6
votes
1
answer
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Does the amount owed listed in my account on irs.gov include both federal and state taxes owed?
I don't see any kind of indication of whether the amount owed listed in my account on irs.gov includes both federal and state or just federal.
- 179
6
votes
3
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816
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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
6
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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 ...
- 6,971
6
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2
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446
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Paid part of my state refund back last year; now must declare the initial amount as income?
Sorry for the terse title, here is a more fleshed out explanation:
When I filed my 2011 taxes last year, I received a refund from my state of residence (Arkansas). Later last year I had to amend my ...
- 263
6
votes
1
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7k
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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?
- 71
6
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1
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Do you have to pay New York State Income Tax if you live in New York but work remotely for a Florida based company?
If an employee lives in New York, works independently on project for a Florida based company.
No state tax in Florida. Does employee have to pay New York State tax?
- 61
6
votes
1
answer
1k
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How is my joining bonus taxed if I am not in the work city when I receive it
I go to school in North Carolina and have a job offer from a company in California, if I were to accept the offer now I'd be getting my joining bonus right away although I'd be starting work in June, ...
- 163
6
votes
1
answer
373
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How does state tax work when working overseas?
I am going to be hired as a contractor while we are stationed at an overseas military base. I am a resident of Florida which has no state tax.
The state listed on my W-4 will be AE (American Forces ...
- 61
5
votes
4
answers
5k
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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 ...
- 151
5
votes
1
answer
628
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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 ...
5
votes
5
answers
13k
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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 ...
- 337
5
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2
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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 ...
- 759
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votes
2
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3k
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Owing state tax Interest and a result of living in Maryland and working in Virginia
In 2013 I've worked in Virginia and lived in Maryland the entire year. My wife worked in Maryland.
My employer withheld state taxes for Virginia (I asked my employer whether he could withhold my ...
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5
votes
1
answer
19k
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California state taxes on Health Savings Accounts
I recently started an HSA. For federal income taxes this is a great deal because I get to contribute pre-tax and take tax-free distributions for medical expenses, or after age 65 I can take ...
- 15.7k
5
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1
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Moving mid-year to a no-state-income-tax state (Indiana to Washington)
It is my understanding that if you move from one state to another mid-year, then, depending on the states and the details of the move, in each state, you are generally either taxed only on the exact ...
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2
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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 ...
- 1,411
5
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1
answer
328
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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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1
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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 ...
- 53
5
votes
1
answer
1k
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Am I required to file a Georgia tax return?
I've been employed by a Georgia-based company since 2009, but living in Kansas and working from home. All this time I have only ever filed a Kansas (and Federal) tax return. However, an answer to ...
- 965
5
votes
1
answer
797
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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-...
- 233
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votes
1
answer
207
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Do I have to file taxes in all states I lived in USA?
I was a student in USA on visa, nonresident for tax purpose. I lived in 2 states during the year - lived for 3 months in one state and 9 months in the other. However, I earned wages only in the other ...
- 51
5
votes
1
answer
183
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Tax implications of a Transfer on Death Deed
Back in June 2020 my mother passed and left me with two documents, a Last Will and Testament and a Transfer on Death Deed that applied to her home transferring her interest in the property to me.
I ...
- 3,468
5
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1
answer
140
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I am a foreigner withdrawing a USA pension. Do I file a state tax return?
I am a citizen of a European country who worked a couple of years in the USA, then moved back to Europe. I withdrew my 401(a) pension last year as a lump sum and need to know how this is taxable.
...
- 171
5
votes
1
answer
414
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Living and Working in different states than resident states
My husband and I are in a quandary. We were TX residents with drivers licenses and vehicles registered in that state (but no real property). We purchased a 5th Wheel that we live in full time. We ...
- 51
5
votes
1
answer
336
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Which state gets taxes on money paid for previous year's work?
I moved from PA to IL at the very end of 2013. Because of this I thought my taxes were going to be easy, but I received a final check in January 2014, which included unused vacation time, etc., and ...
- 151
5
votes
1
answer
338
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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 ...
- 151
4
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3
answers
2k
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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 ...
- 199
4
votes
3
answers
807
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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 ...
- 143
4
votes
2
answers
5k
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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 ...
- 141
4
votes
3
answers
2k
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Possible to avoid state taxes by not having a fixed residence?
If a person lives in any given state for less than 4 months each year, can they avoid paying state income taxes?
Is there a federal law that requires a citizen to be a resident of a particular state? ...
- 9,775
4
votes
1
answer
2k
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If I work 100% remotely for a Florida company but I live in Virginia, do I have to pay Virginia state income tax?
I am moving to Virginia from where I am fortunate enough to be able to work remotely for a company in Florida. Florida has no state income tax. Do I have to pay Virginia state income tax?
