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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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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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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1
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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 ...
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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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5
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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 ...
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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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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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2
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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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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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2
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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 ...
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136
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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 ...
- 736
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3
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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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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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1
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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?
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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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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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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 ...
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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 ...
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0
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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 ...
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1
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179
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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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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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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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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 ...
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2
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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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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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676
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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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1
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831
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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 ...
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1
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170
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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 ...
- 41
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189
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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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2
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2k
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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" ...
- 9,775
3
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3
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515
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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 ...
- 225
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1
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162
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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 ...
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1
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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 ...
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2
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402
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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 ...
- 497
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1
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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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3
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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 ...
user42405
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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)
...
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4
votes
1
answer
122
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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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2
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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, ...
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1
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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-...
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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
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3
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1k
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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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1
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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....
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4
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3
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833
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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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1
answer
56
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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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3
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1k
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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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2
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132
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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:
...
- 275
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1
answer
76
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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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3
answers
541
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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 ...
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3
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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? ...
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