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
1k 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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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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0answers
183 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
3k 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 ...
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4answers
811 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....
4
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2answers
2k 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 ...
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1answer
128 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
3k 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 ...
7
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1answer
975 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
3k 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
49 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
3k 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
124 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
344 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
726 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
144 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 ...
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1answer
534 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
52 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 ...
7
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2answers
781 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 ...
4
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2answers
735 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 ...
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1answer
294 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
576 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
466 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
157 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
127 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" ...
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3answers
477 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
82 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
3k 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
297 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
5k 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 ...
4
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2answers
2k 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) ...
4
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1answer
93 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 ...
7
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2answers
789 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, ...
5
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1answer
751 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-...
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1answer
250 views

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 ...
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3answers
858 views

Why is my federal tax lower than my FICA?

I claimed 2 allowances on my W-4 form, 1 for being myself and nobody claiming me as a dependent, and 1 for being single and having only one job. My first paycheck I got paid $673.08. Then I had the ...
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1answer
1k views

Where to report 1042-S income on California form 540 NR long

In 2015 I was a research scholar in California for 4 months on J1 visa. After I returned to my home country I got a 1042-S form (rather than W-2) from the research organization for which I was working....
4
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3answers
159 views

How is my trading activity taxed if I lived and worked in four different states

I have a rotational job which requires me to frequently move to different states. a different state every 4 months. Additionally, my driver's license and parents live in Oregon, so I consider Oregon ...
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1answer
46 views

What is the best option I have to close out a State Tax Lien record?

I am an Indian national and was working in the USA for few years in the past. I returned back to India in 2013. I paid both federal and state taxes up till 2013. Now, I see a 'State Tax Lien' ...
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3answers
1k views

How much does a landlord pay in taxes?

I live in California, and am considering buying a house in Vancouver, WA, to rent it out to friends. What I don't know, and seem to have trouble finding the answer to, is: how much taxes would I pay ...
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2answers
92 views

How can I estimate late fees + fines for amended tax returns?

I'm a Maryland resident. Last week, I had an accountant prepare an amendment to my 2013 tax returns (which I filed in early 2014). This amendment means I will have to pay some extra taxes for 2013: ...
2
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1answer
69 views

Canadian Resident + TN Worker + Taxes

I need a help to figure out how a Canadian working in USA with fixed residence in Canada ONLY has to pay USA taxes and what ones. My case is, I am going to live in Windsor, Ontario, Canada and I am ...
10
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3answers
511 views

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 ...
2
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3answers
2k views

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? ...
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1answer
101 views

When to change my address on W2

I am employed (W2) by a company based out of AZ and I live in CO. I am purchasing a house in OR as my primary and moving there. I will acquire the house in 30 days, however I won't move in for 90 days ...
3
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1answer
110 views

Where is a telecommuter taxed?

If I am a telecommuter, say I live in Florida but work for a Company who's offices are in Pennsylvania, am I subject to PA state and local taxes?
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1answer
85 views

Washington State tax filing extension?

I just filed a federal tax-filing-deadline extension for myself. Does Washington state require a separate one? Turbo Tax didn't mention anything about it (I used it to file my extension) and it ...