New answers tagged state-income-tax
1
A resource where individuals and small business owners can check is:
The American Institute of Certified Professional Accountants document on Coronavirus State Filing Relief
The document is broken down by state and has links to the various state income tax agencies. As the situation is changing, the document is being updated (although I don't know how ...
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I looked at the part year form:
Line 3 is the percent of the year you will lived in the state.
For the exemptions (line 22a), Earned Income tax credit (line 47c), Deductions (line 17b) you multiply the value by the percent of time you lived in the state.
This is exactly how the other state should be doing it. This is fair because if you are only in state ...
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I have also read that SREC payments are not taxable until the homeowners basis is exceeded by the payments. For example, one spends $100,000 on solar panels and gets a 30% Renewable Energy Credit. That would be a $30,000 credit on his/her taxes. It may be realized in the initial year or carried forward each year until it is all used up, depending on the ...
3
No, a payroll company isn't liable for paying tax you owe. They calculate how much should be withheld from each paycheck and direct your employer to pay it to the tax authority.
The amount withheld isn't always a perfect match to your tax liability because, because you may have other income -- like from other companies, interest income, or stock sales.
...
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You wouldn't be considered a resident of Michigan unless you move there permanently. For instance, buy a house or rent an apartment there (while selling/giving up your California one), change your voter & car registrations, mailing address, &c. Otherwise you're just visiting, even if the visit is extended.
FWIW, I've worked in California as a non-...
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Did some googling, and this appears to be a unique difficulty of Connecticut that's hosing you. Typically, you would only be charged in the State where the work was actually performed-- IE, Pennsylvania, since that's where you were physically typing.
Unfortunately, Connecticut Law as of 01/01/2019 states:
Connecticut teleworker implications
...
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Here is a tax 1040 simulator: https://www.jacksonhewitt.com/tax-tools/tax-refund-calculators/1040-tax-calculator/ -- There is actually quite a number of them if you google for "1040 Tax Simulator"
The main points to know about for filing taxes is the following from my research thus far:
Know the difference from a deduction and a tax credit. A deduction ...
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There might be a missing link to your Partner, most likely the salary and tax will be calculated from your income alone without any knowledge about your Partner.
If your Partner earns a lot, you won't profitate from the reduction as a married person ;) You have to add both salaries first before they can calculate your salary as a couple.
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It depends on a variety of factors including whether you're married and how high your income is. In general, Maryland state income taxes are around 5%, which is likely considerably lower than your marginal federal tax rate if you're considering itemizing deductions. Therefore, your deductions would likely have to be close to the federal standard deduction to ...
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