State Income Taxes

New York state residents need not fear double taxation when they live and work abroad. For people who maintain a home base in New York, the state has residency rules that determine their tax…

Some types of private educational expenses can be deducted, at least in part, from state and/or federal income taxes. The taxpayer must meet certain criteria to be eligible for the deduction.…

If you live in Georgia and are required to file a federal income tax return, you must also file a Georgia state income tax return. The Georgia tax return is due on the same day as your federal income…

If you're a Georgia resident, you pay Georgia income tax on all your earnings, wherever you earned it. If you work in a state that has its own income tax, you can claim a credit for the out-of-state…

When you take an early distribution from a tax-deferred retirement account, the federal government and some state governments impose taxes. While the federal government does allow certain types of…

A 403b plan is a supplemental retirement plan offered to teachers and non-profit workers. These plans generally use annuities inside the plan but are not strictly limited to them. When you retire in…

Many states require you file yearly income tax on top of your federal income tax obligation. When you are going through a divorce, how you file can be very confusing. While how you file is fairly…

The Internal Revenue Service recognizes a federal income tax deduction for either state and local sales taxes paid or general sales taxes paid. Both deductions require that you itemize your income tax…

If you live in one of the 41 states that imposes an income tax, you have an obligation to report your earnings on an annual tax return in the same way you do for your federal income taxes. You can…

New York offers state income tax exemptions to active-duty military personnel who meet certain criteria in regard to their places of duty during a tax year. These exemptions do not cover income earned…

If you are considering a job or relocation to Indiana or Illinois, consider the income taxes of each state and how they will affect your finances before deciding in which state to reside. Indiana and…

If you have judgment from a private creditor debt, such as a credit card or a loan that belongs only to you, your spouse is not responsible for paying your judgment. If you have a debt for which you…

Tax law becomes very complicated when you live or work in more than one state. Usually, the law will require you to file multiple returns, but numerous exceptions exist. Also, states often handle the…

The state of New York requires residents to file personal income tax returns each year. If you failed to file, or filed but didn't pay the amount you owed at that time, you will likely owe a penalty…

As a small business owner, especially if you are operating as a sole proprietorship or an LLC, your state (and federal) taxes can be difficult to estimate because your income is not fixed but varies…

When you work in one state and live in another, you might have to worry about filing more than one tax return. This is because the state where you live may require tax withholding for work you perform…

The federal government provides retirement benefits to low-income veterans of the United States military who served during wartime. As with all types of income, government agencies may consider…

Like many states, Wisconsin maintains a progressive income tax. This means that the more you make, the higher your income tax rate is. As such, the maximum rate that a married couple pays is…

Georgia bases its income tax on the federal income tax. First, you calculate your adjusted gross income on the front of your Internal Revenue Service Form 1040. Then you adjust your AGI based on…

Division of property is a common point of contention in divorce proceedings. Maryland is an "equitable distribution" state, which means that, unlike community property states, the court does not…

Washington state is one of seven states that has no personal or corporate state income tax. But it does impose a number of other state taxes, including a gross receipts tax on businesses, retail sales…

There are a number of deductions you can claim on your federal income tax return. Some reduce the adjusted gross income (AGI) you report and others that have no effect on it. However, a large number…

Individual income tax returns are due to be filed not later than April 15 for the previous tax year, however the U.S. federal income tax system is a pay-as-you-go system. Federal tax laws and Internal…

Pensions in New York State are taxed differently than other sources of income. New York treats this income as tax free in some instances, and only partially exempt in other instances. Knowing when you…

Like most states, Illinois derives a portion of funds necessary for government operations, public works and other expenses from sales and usage taxes. The restaurant industry, which represents a…

Many American citizens pay federal and state income taxes each year. Some local areas and municipal districts within states may also impose a local income tax on citizens. These rates vary, depending…

When a Michigan couples gets divorced, it is possible for a court to award alimony and use each spouse's pension or Social Security benefits as part of its calculations. No two divorce cases are…

For most families, the most valuable asset they have is the breadwinner's income. If this income gets interrupted by accident or illness, because the breadwinner is unable to work, the subsequent loss…

Under the new provisions of the Federal Bankruptcy Code, every individual who files for bankruptcy must take their income into account before filing a bankruptcy petition. The Bankruptcy Abuse…

Besides federal income taxes, most people must pay some form of state or local tax, whether it's a sales tax, state income tax or property taxes. In New Jersey, one form of tax is the exit tax, which…

Oregon's Social Security offices work as part of the federal agency, under the authority of the Seattle region, which also serves residents in Alaska, Idaho and Washington. As a part of the federal…

Companies and organizations that provide pension plans for their employees will sometimes offer a choice of plans, with the alternatives presented as "Plan A," "Plan B" and so on. But when you see…

According to the National Society of Accountants, in 2008, taxpayers paid an average of $115 for professional tax preparation of a federal Form 1040 with no itemized deductions along with a state…

The economic downturn of the late 2000s resulted in some of the highest unemployment rates in decades. Many people lost their jobs and had trouble finding other work, leading them to file for…

The Internal Revenue Service differentiates between personal and business expenses that you can claim as a tax deduction. The organization permits taxpayers to claim a tax deduction for a few select…

If you live in one state but commute to another to work, you may be wondering which of the two states gets your tax money. Unfortunately, the answer is not always cut and dry, and can vary depending…

Most state governments charge a fee of some sort for transferring a title to real estate from one person to another. In Florida, that fee is known as the "doc stamp tax." The tax is also levied on…

If you had earnings in one year from multiple states, generally you must file state taxes in each state for which you had earnings. State tax laws vary, so if your earnings are under a certain dollar…

A stock transfer tax is a tax on the sale, or potential sale, of stocks, agreements or documentation related to stocks, and is pertinent to raising money for state governments. Some state…

For fence posts to be tax deductible, there must be an exchange of value. Under normal circumstances, buying property does not include a separate line for the value of a tree from which you will…

New Jersey and New York City have some of the highest tax rates in the country, so choosing between them can be like picking your poison. Overall, you probably pay less living in New Jersey, because…

Homeowners can claim many mortgage-related expenses as deductions on their income tax returns. These deductible expenses include home mortgage interest, property taxes, home mortgage points and…

A tax deferral affidavit is a document that allows a taxpayer to delay paying taxes that he owes, but does not eliminate his tax liability. A state may set up a tax deferral program for citizens who…

When you retire, your pension provides you with an income, generally at a lower gross rate than you had when you were working. Though this is the case, some of the taxes to which you were subject when…

You may save for years to come up with the down payment to purchase your home, but the IRS will not allow you to take a deduction for it when you hand it over to the seller. However, there is another…

Creditors may try to attack wages, pensions and Social Security benefits to regain money lost as a result of a loan default. Officers of the court may look to garnishment as an enforcement tool for a…

You may be surprised, but no state government collects property taxes directly tied to property values. When it comes to taxing real estate, you have to look at the local level, such as counties,…

A house is the most expensive item most individuals will buy in their lifetime. Home-buying is not only a major transaction, it is also a complex financial transaction. Broker commissions, closing…

Any state you made money in may require you to pay income tax and this can result in you filing taxes in several different states. You will receive a different W-2 form from your employers for each…

Adjusted gross income (AGI) is the portion of your income that remains after you subtract allowable deductions from your total income on your Form 1040 tax return. It is an intermediary figure that is…

You must include income from selling Avon products on a New York state income tax return or possibly face penalties. Avon, New York City-based cosmetic and home product seller, uses independent…

For many people, the purchase of a home is their single biggest lifetime expenditure. As a result, friends and family members sometimes offer gifts to help with the purchase. Yet almost any large such…

As a general rule, the IRS doesn't allow you to claim a deduction for the interest you pay on a bank loan unless the loan is of a specific type. In other words, there must be a tax law allowing you to…

With the 2011 unemployment rate hovering at 8 percent, jobs are hard to find. For some, it may make sense to work in the state next door. You are free to work in any state, but you should investigate…

Property tax, often the most significant source of income for local governments, is authorized by state government but implemented by local governments. If a community has a tax-deferral program, it…

A pension might be a major source of income for you when you retire. For this reason, you had better know the taxes you pay on your pension income. This will ensure that you have the information you…

Pensions are retirement plans that your employer funds for you. Your employer puts money into the pension and invests it accordingly. At retirement, you receive money from your pension plan as monthly…

Your Social Security may be taxed at retirement. You might find this to be outrageous, but it's true. If your income exceeds a certain threshold during retirement, the taxes you paid to fund your…

Pensions are retirement plans that are funded by your employer. Many pension agreements mandate that employers fund the entire pension plan every year with a minimum amount of money. These dollar…

If you have an expense, you want it to be deductible because it offsets income --- that is, it reduces your taxes. In California, if you pay property taxes on either your personal residence or a…

If you are making a deposit into your personal or business account for more than $10,000, you must immediately report this to the Internal Revenue Service. It doesn't matter if the money is from a…

Pennsylvania taxpayers are often required to file a state income tax return even if they don't have to file a federal return. Many of the state's tax guidelines for determining taxable income and…

In most cases, you can deduct theft and casualty losses on your federal income tax return. Taxpayers usually deduct casualty losses in the tax year the loss occurs, but you can deduct a theft loss in…

Your retirement savings allows you to stop working as you get older. North Carolina is a state which allows certain deductions for retirement income. However, these exemptions are not full exemptions.…

When you buy a home, the IRS treats it as a capital asset. Under the tax laws, capital assets are subject to different rules that generally limit the availability of deductions you can claim. This…

Adjusted gross income (AGI) is a measure of your income when you file your income taxes. Your AGI matters because certain tax benefits rely on your AGI to determine your eligibility. For example, you…

When you sell a business, you are liable for any amount of money that has not been taxed yet. For example, the original investment in a business would have been taxed as income before it was put into…

Are military retirements exempt from taxes? The short answer is: it depends. It depends on the individual tax situation and the state in which the military retiree resides. It also depends on…

If you itemize deductions on your federal income tax return, you have the option of deducting either state and local sales taxes or state and local income taxes -- but not both. If you choose to take…

Living in one state while working in another may just be a matter of a long commute on a day to day basis, but when it comes time to file your income taxes, that commute can equal a great deal of…

With all of the federal tax deductions available to homeowners -- many of which change frequently -- home-buyers may experience confusion regarding which parts of the home-buying process are…

The N-15 Individual Income Tax Return form is the state tax return document for part-time and nonresidents of Hawaii. Confirm that you are eligible to us this form before requesting it. A nonresident…

Property insurance rates depend on building costs, geography and the type of policies, according to the National Association of Insurance Commissioners. For instance, areas of the country that have…

In addition to your federal income taxes, it's likely that you pay a number of state taxes, such as income, property and sales tax. Luckily, with all these tax payments you need to make, the Internal…

Calculating the Iowa income school district surtax is not complicated. Under Iowa law, any resident earning a net income over $9,000 or a married couple filing a joint return earning a net income over…

Many states and some cities in the United States levy a tax on personal and business incomes that are earned within their jurisdiction. Understanding some of the political, economic and structural…

As each state sets its own tax code, there is no general rule for paying retirement taxes to your state of residence. However, it is important to note you will pay taxes to the state you are currently…

One of the income tax deductions approved by the Internal Revenue Service is for your state and local sales taxes paid during the year. However, not everyone should claim this deduction. To determine…

In many areas in the United States, merchants collect sales taxes whenever someone purchases a good or service. Sales taxes vary from community to community, and the proceeds are used to carry out…

If you itemize your deductions, you can deduct state and local income taxes from your federal income tax; however you cannot deduct federal income taxes under any circumstance. In addition, you can…

In general, real estate and personal state property taxes are deductible, with a few notable exceptions. For homeowners, property taxes, along with mortgage interest, often account for two of the most…

Every state in the union collects taxes in one form or another. Governments require taxes to fund projects, pay the government workers, including the elected officials, police and firefighters. Most…

The adjusted gross income, or AGI, is the total amount of money a taxpayer must pay income tax on. It is adjusted based on financial gains and losses that are specified by the IRS. Fill out Form 1040,…

When you're out looking for a new job, expenses can add up. Expenses can include traveling around to job locations, preparing copies of your résumé and paying for child care. You can…

Federal income taxes provide the bulk of resources that fund the operation of the United States government. Not all income is subject to taxation. Tax laws and regulations permit individual taxpayers…

The Heroes Earnings Assistance and Relief Tax act is legislation passed by Congress in 2008. The act ensures that military veterans and active service personnel do not miss out on potential tax…

Many taxpayers file their tax returns expecting a tax refund and find the refund is reduced or withheld. Congress has authorized the Federal Management Service, which issues Internal Revenue Service…

Many financial professionals recommend people purchase a home because of the federal income tax benefits home ownership provides. Unfortunately, the IRS does not allow a homeowner to deduct the actual…

Filing a tax return can result in the discovery that you owe additional taxes to the government but it also gives you the opportunity to take advantage of tax deductions. The Internal Revenue Service…

In the Commonwealth of Virginia, the Department of Taxation can collect income tax payments from residents within the allowable limitations periods. Under Virginia law, the Department of Taxation…

Indiana's state income tax is fairly simple: Everybody pays the same rate, and there are relatively few deductions and tax credits. Mortgage interest, which is the biggest single deduction taken on…

Most taxpayers have to file both state and federal income taxes. This can be confusing, especially when states have different laws than the federal government regarding deductions. In California, the…

All U.S. taxpayers who itemize their deductions are eligible to deduct the state taxes they've paid from their federal taxable income. Only a handful of states, however, go the other way and allow…

Adjusted gross income (AGI) is defined as your total income after adjustments such as educator expenses, some business expenses and education deductions. The full list of items that adjust your total…

Soldiers serving with the United States armed forces contribute a vital public service to their country by defending it in combat zones across the world. In return for this service, the government has…

The South Carolina Department of Revenue requires state residents to file tax returns with the state if they file a tax return with the IRS. Nonresidents must file South Carolina tax returns if they…

Anyone who owns a home probably pays thousands of dollars each year in property taxes. Although this a bane to many homeowners, you can turn it around into a tax deduction. Be careful, though, because…

Residents in 43 states and the District of Columbia must pay federal and state personal income taxes. The tax rate, tax bracket, deductions and exemptions vary from state to state. Like federal income…

The United Kingdom (UK) government passed the Income Tax (Earnings and Pensions) Act into law in 2003. The act contains provisions for applying tax to income derived from employment, along with income…

The state of Washington has no personal or corporate income tax, but businesses and consumers must pay other types of taxes. Anyone conducting business or exchanging money for goods and services in…

Stated income mortgage is a more politically correct term for "liar loan," a term that came up a lot during the economic crisis of the '00s. During the height of the housing bubble in 2007, as many as…

Some pension plans are not subject to income tax, such as most government pension plans. However, many other types of pensions are partially tax-free, even if you work for a private employer. When you…

Pensions are retirement plans that allow workers to save for the period late in life when they will no longer be working. Though you theoretically receive your pension during retirement, you will…

While the neighboring states of Georgia and South Carolina both levy income tax on residents, the tax brackets are slightly different in both states. Both states offer exemptions on income for single…

Sales taxes are a main revenue raiser for state and local governments. The federal government eliminated the sales tax deduction in 1984. The sales tax deduction was reinstated in 2004 and then in an…

The interest on your mortgage payment is tax deductible. Tax deductions are not the same as tax credits, however. With a deduction you get a portion of the deduction taken from your tax liability,…

Governmental bodies, agencies and organizations at the federal, state and local levels require funds in order to operate and provide services for their constituencies. The operation of the federal…

A tax deduction reduces the amount of tax that a filer pays by lowering the amount of his taxable income. The Internal Revenue Service (IRS) allows United States taxpayers to deduct automobile…

Adjusted gross income refers to the total amount of taxpayer income minus any deductions. Estimating your adjusted gross income for the year is not difficult provided you have accurate financial…

Where you live has a tremendous effect on your tax rate, because a few states do not levy a tax on income. The states with no income tax are often a haven for retirees who often depend on a fixed…

In Maryland, the Comptroller's Office is responsible for collecting income tax from residents within the state and nonresidents who earn income in Maryland. The comptroller must follow the state's tax…

Each year the IRS makes changes to the federal tax code --- changes to tax law are motivated by a variety of factors including current events. For example, as gas prices rise, the IRS standard…

When you replace the roof on your house, this home improvement certainly adds value to the home. Unfortunately, the Internal Revenue Service only allows you to claim a deduction on your federal income…

There are extra reporting requirements for cash deposits that do not apply to checks and other types of payments. A bank must report any suspicious cash deposits, as well as large cash deposits of…

The United States is seeing its foreclosure rates rise along with high unemployment numbers. Cities in the nation's Sun Belt have some of the highest foreclosure rates. However, some people may have…

The federal Bankruptcy Code imposes residency requirements on Colorado debtors who file for personal bankruptcy. The debtor's state of residence plays an important role in determining whether the…

In addition to paying federal income taxes, most taxpayers must also pay state income taxes to pay for public benefits and facilities within the state. The federal government does not collect taxes…

Comparing state laws and taxes is a relatively simple form of analysis provided you have identified the specific area of the law or tax you wish to compare for a handful of states. In contrast a…

In Oklahoma, any resident who earns more than $1,000 in income for the year must file a tax return. This is also true for income earned through unemployment insurance. The state of Oklahoma makes it…

The Georgia Department of Revenue is responsible for collecting income taxes in Georgia. In Georgia, residents who file federal taxes must also file state income taxes. State taxes are due the same…

Georgia is one of 43 states with a state income tax. Georgia taxes the same types of personal and business income as the federal income tax, but it exempts from personal income tax your retirement…

Every action that the Internal Revenue Service takes must be within a designated time frame, otherwise known as the statute of limitations. Once the IRS statute of limitations expires, it usually…

Comparing city and state taxes allows policymakers and citizens to assess the overall tax burden throughout the United States. The most common taxes levied and collected by states and cities are sales…

The general rule is that you cannot deduct personal insurance premiums, including flood insurance premiums, on a personal residence. The Internal Revenue Service instead allows you to receive flood…

Municipal bonds are primarily characterized by credit ratings, maturity and tax exemption. Municipal bonds also may be eligible for bond insurance. This improves liquidity, the ability to buy and sell…

If you itemize deductions on your federal tax return, you can deduct several state taxes you pay during the tax year. The IRS allows you to deduct state income tax, state sales tax and state property…

Charitable donations may reduce the amount you owe for federal income tax. To claim the deductions, you must file a Form 1040 and itemize your deductions on Schedule A. However, not all donations are…

California State Income Tax is organized through the State Franchise Tax Board, with headquarters in Sacramento. In California, individuals may file as single, married/registered domestic partner…

State income taxes are used for many different programs and services. In New York, the state income tax is a key component in that state's efforts to provide a strong quality of life and unique…

The Internal Revenue Service website explains that each state has different requirements for when an individual files state taxes. In most states, an individual will need to file federal as well as…

Kentucky calculates tax rates according to six different brackets according to total income, ranging between two percent and six percent of every dollar of income earned. The Kentucky Department of…

The Virginia Department of Taxation has several different time frames in which you must file an amended state income tax return, but the time you have to file corrections with the state varies…

Getting a pension from your company means that you won't need as much in personal savings when you retire. A company pension may take a lot of the stress off of saving money for your future, but…

State taxpayers in Maine can pay taxes by e-filing. Filing state income taxes in Maine is easy when you use the Maine Revenue Services online filing options. The information is based on your federal…

The federal government monitors the flow of large cash deposits into bank accounts in its efforts to track and stop drug trafficking and terrorist activities. Banks are mandated to report any cash…

The Commonwealth of Virginia requires Virginians to file their state taxes by May 1 every year unless that day falls on a weekend or holiday. In this case, Virginia's tax deadline is the next business…

The New York State Department of Taxation and Finance is the state agency responsible for collecting and processing state income tax returns for New York residents. The tax department is also a free…

Filing state and federal income tax returns remains the responsibility of most Americans. Finding the most deductions to arrive at the lowest possible tax liability ensures the largest possible tax…

Since the passage of the 16th Amendment in 1913, the federal government has imposed a tax on all income earned during the year. However, not all income is taxed the same way. Knowing how the income…

Up until 1913, the U.S. only had a federal income tax for a few years when it needed extra revenue, such as during the Civil War, according to the U.S. Treasury. At the start of the early 20th…

While nobody wants the job, preparing the yearly income tax return is your responsibility as a wage earner. Finding deductions that limit your tax liability is a primary objective of the process. One…

The Virginia Administrative Tax Code and Section 58.1-104 of the Virginia Code provide the tax rules for Virginia's tax department. The Commonwealth's tax department has three-years to collect overdue…

Although property taxes on a personal residence are allowed as a deduction on the Internal Revenue Service's Schedule A to the Form 1040 individual tax return, there are a number of limitations to…

An LLM in tax law is an additional master's degree program that a lawyer can study to specialize in taxes. Law schools offer LLM degrees in many other specialties, such as real estate, environmental…

In the United States, each state funds its activities, such as law enforcement and providing benefits to those in need, by raising taxes. Taxes are raised on the sales of goods and services, on…

States collect tax revenue through a wide range of fees and taxes. The three major sources of tax revenues are sales tax, property taxes and income tax. Some states focus on one or two main revenue…

To deduct state and local taxes on your federal income tax return, you must itemize your deductions. That means you have to use Form 1040, also known as the "long form," rather than the shorter Form…

For the 2010 tax season, the state of Alabama processed nearly 2 million income tax returns and issued more than 1 million refunds to residents. In addition to income tax, residents also pay sales…

Most states in the U.S. have their own income taxes in addition to federal income taxes. As of 2010, only seven states do not: Texas, Wyoming, Washington, South Dakota, Nevada, Florida and Alaska,…

Tax forms are often available at the secretary of state office, public library or at a tax preparation firm. It is not necessary, however, to leave your home to obtain the necessary tax forms. The…

The Internal Revenue Service enforces a wide range of tax laws. Among these laws are several laws involving automobiles. The IRS has special rules regarding the purchase and sale of a vehicle. Many…

For millions of taxpayers, federal income tax returns are the only major requirement during tax season each spring. However, for the residents of 41 states, state income tax is an additional burden.…

Retirement income can arrive from a variety of finanial sources. Whether it be social security benefits, retirement compensation from a company, 401K proceeds, military compensation or financial…

Alabama, like many states that provide online tax return services for individuals, allows you to complete your state tax return for free. The state of Alabama contracts with several partners --…

If you have income not subject to income tax reporting, such as self-employment income, you must make estimated tax payments to your state government, as well as to the federal government. Oklahoma…

Most states require residents to complete income tax returns each year. If you live in a state that requires this, you can go online to your state's website to download and print income tax return…

In the United States, the statute of limitations of the Internal Revenue Code refers to the period when the Internal Revenue Service (IRS) may take action on your individual income tax return,…

You may have to file Georgia tax even if you are exempt from filing federal income taxes, according to the Georgia tax instructions. File a Georgia income tax return each year before April 15 and pay…

In addition to federal income taxes, many states require the residents to file state income taxes each year. In the state of Alabama, state income tax returns must be filed by April 15 of each year,…

The Internal revenue Service (IRS) has broad authority to investigate violations of the gross income reporting requirements of the Internal Revenue Code (the "Code"). Form 4789 is one of the tools…

State, county and city governments across the United States sell municipal bonds to investors. Most municipal bonds are exempt from federal tax and state taxes, if bought in the state of issuance.…

In the United States, retirement pension packages from private or public sector jobs are taxed at the state level. Certain states, a total of ten as of 2009, do not tax retirement pensions, and thus…

To file Kentucky state income taxes, single filers may be able to use the simpler 740-EZ form if the taxpayer: 1) has only wages, salaries and tips shown on the W-2; 2) has taxable interest income…

Several states in the United States do not have a sales tax, and some states with a sales tax have exclusions. Exclusions include food, prescription drugs and over-the-counter medications. A few…

Many tax preparation services offer online software that you can use for a fee. But if you want to save money, there are services that allow you to file your federal taxes online for free. Free-file…

Federal income tax is consistent from state to state, but state income taxes are inconsistent. States like Hawaii and Oregon tax the highest incomes at 11 percent; New Hampshire and Tennessee tax only…

Kentucky imposes a state income tax with the same tax filing deadline as the Internal Revenue Service: April 15. However, Kentucky taxpayers can request a six-month extension to file their tax return,…

After filing your federal tax return with the Internal Revenue Service, you can start tracking its status 72 hours after the return has been received and processed by the IRS. For state tax returns,…

Most states in the United States levy some form of state income tax on top of the federal income tax. Seven states, however, have no form of individual income tax, and two other states tax only…

It may seem as if kids are unaffected by taxes, but between hearing their parents groan around income tax time and paying their own sales taxes, they need to understand a little about what taxes…

Income tax filing probably doesn't top the list of fun American pastimes in the minds of most Arkansas residents. Filling out your state and federal income tax returns by hand is a time-consuming…

Florida is a very popular retirement destination due to its low taxes and mild climate. According to the U.S. Census Bureau, Florida real estate prices are often lower than other states. Real estate…

In 1817, Benjamin Franklin wrote that "In this world nothing can be said to be certain, except death and taxes." However, state income taxes are not certain in every state. In fact, nine states do not…

Though income tax and sales tax are fairly transparent, there are numerous hidden taxes levied on producers and consumers. These hidden taxes raise the costs of common goods, including sugar,…

According to the Internal Revenue Service (IRS), the three main types of tax structures are proportional, regressive and progressive. The proportional tax structure, also known as a flat tax, taxes…

When tax day appears on the horizon, many people rush to their accountants. However, you can file your own state income taxes, using free income tax programs, if you meet certain requirements. Turbo…

A BVI Company is a company chartered by the British Virgin Islands, a popular offshore jurisdiction for tax planning among some high net worth U.S. residents.

Tax deferral programs are sponsored by individual states or local governmental agencies These grants seek to help struggling homeowners or landowners who need additional help. These programs are…

Earning income as a non-resident of a state adds to the amount of work in your tax return preparation. Requirements including filling out tax forms for both the state in which you earn money and the…

Someone who works in more than one state may end up having to file income tax returns in both states. While some states have reciprocity agreements that allow workers to avoid tax liability in…

Each year, most states require its residents to pay state taxes. While people complain about taxes, there are reasons that taxpayers should pay their taxes. Taxes help generate revenue for the state.

United States residents who make more than the standard federal deduction are required to file a federal income tax return. Only people who live or work in one of the 43 states, and Washington D.C.,…

When you check the status of your state income tax return and learn that it is under review, visions of a tax audit can run through your head. In most cases, having your tax return under review status…

Under the Code of Virginia, Section 58.1-104, and the Virginia Tax Administrative Code, the tax department must assess tax deficiencies within 36 months from the date the taxpayer's tax liabilities…

The collection of taxes provides funding to support the infrastructure of government, which allows for the delivery of public services to individual states and the nation as a whole.

Tax collection in Colorado is under the auspices of the Department of Revenue's (DOR) tax auditing and compliance section. Once filed, the lien has the force of law, meaning only a judge can remove it…

The IRS requires individuals and businesses to report cash income and gifts for income tax purposes. In addition, cash reporting is required by businesses as a part of the Bank Secrecy Act of 1970.…

If you do not do any estate planning, your heirs could end up with a hefty estate tax and income tax bill when you die. The estate tax is a tax that is paid based on the total assessed value of your…

Full- or part-time residents of Maine, along with employees who work in the state but do not live there, are required to file state income taxes if their income meets the state requirements. Taxpayers…

New Jersey relies heavily on its state income tax receipts to fund budgetary expenditures. In fact, New Jersey residents pay 11.8 percent of their income to state and local taxes, the highest…

The State of New York maintains a number of laws regulating income tax requirements. The specific laws governing the necessary form to file vary from person to person, while the amount of money owed…

The two main sources of income that finance government operations in Illinois are the income tax and the sales tax. The income tax is levied against Illinois residents and is a percentage of annual…

If your employer does not withhold state taxes from your paycheck, you can get a nasty shock come tax day if you are not prepared. Each state assesses an income tax based on its own needs, and these…

The state of Hawaii is one of 43 states that require residents to file a state income tax return as well as a federal income tax return. Hawaiians are only required to file if their income exceeds…

Governments around the world commonly raise money by imposing taxes on consumer spending, investment and business activity. As in many other countries, tax revenue in the United States generally funds…

Iowa residents or part-year residents, as as well as nonresidents with income from Iowa sources, are required to pay Iowa's state income tax and file state returns, provided their income is above a…

California residents who meet certain income requirements must submit a completed California State Income Tax Return form each year, as well as a completed Federal Income Tax Return form. California…

There are two methods for filing Oklahoma state income taxes: completing the paper form and mailing it in to the state tax commission and filing the state income taxes online. Oklahoma had a telephone…

While Alabama is not one of the few states that exempts its residents from income tax, the state does rank very high for excellent tax rates. In fact, Alabama is considered number 48 among the states…

The Pennsylvania Department of Revenue (PA DOR) may assess penalties and interest to taxpayer that fail to file a Pennsylvania state income tax return. Additionally, penalties may be assessed for late…

Filing your taxes is free if you know what forms to use and can do all the work yourself. However, tax software, online help and tax professionals all create expenses. The Kentucky Department of…

The revenues necessary to run state governments and programs is generated through the collection of different taxes. Two of the most popular revenue streams are income taxes and sales tax. These two…

Out of 50 states and several territories that make up the United States, only seven states do not have income tax. An additional two states tax only personal income from dividends and interest…

If you are planning ahead for tax season, then it is good to know how much in taxes you might have to pay, or if you just might get a refund. A good place to start is to figure out what tax bracket…

Tax brackets are used to adjust the amount of tax people pay based on the income they earn. When people talk about what tax bracket they are in, they usually are referring to their marginal tax rate,…

California's Franchise Tax Board has been overseeing the state's tax collection since 1950. State residents file more than 16 million tax returns annually, generating over $40 billion for California's…

Throughout the United States, income and sales taxes vary dramatically from state to state. Some have no taxes at all and some states charge very high tax rates. Cost of living is a concern for most…

If you live in America, it is more likely than not that you will have to file a federal tax return each year. In addition to filing a federal return, you will also have to file a state tax return in…

Seven states don't charge state income taxes. Two others only tax income on dividends and interest, meaning that your work, rental or other income is free of state levies. Financial analysts, though,…

Retiring comes with a whole host of challenging questions. Everything from when to where needs to be carefully decided. Given a tough economic climate, a major concern for newly retired people is…

Maybe you moved halfway through the year to take a better job. Maybe your wife crosses the border to a neighboring state for her job. Maybe you are a college student and worked on campus at your…

While many people who are owed money by the state, either through their tax returns or from unclaimed property, will be able to keep track of those funds and claim them, others may lose track of the…

Nine U.S. states did not collect income tax in 2009 though they did collect property and sales taxes. The total per capita tax burden by state varies between roughly 6 and 12 percent, with the overall…

After you have mailed or e-filed your state income tax return, you should wait about one to two weeks before you start checking its status, particularly if you expect a refund. Most government taxing…

A 403b annuity is a tax shelter plan. It is similar to a 401k, though the 403b is only available to employees of public schools, churches and certain nonprofits.

It is not uncommon for taxpayers to experience a delay in the processing of their state income tax returns. These delays could be due to the complex nature of the return, an error on the return, or…

After you have filed your state taxes, you will anxiously await the arrival of a check in the mail or a deposit into your bank account if you are expecting a refund. If you have waited for 3 to 12…

Filling out a state income tax return can range from simple to very complex. Most states have "short forms" that can be used by residents who only have wages to report. For other filers with income…

Keeping track of investment gains and losses is an important part of any prudent investment strategy. However, this information is also critical to properly filing tax returns. Any time you sell a…

Most states imitate the federal government with progressive--or graduated--tax rates that increase with the taxpayer's income. In all, 34 states and the District of Columbia charge income tax rates…

When itemizing for income taxes instead of using the standard deduction, you must gather evidence of your expenses. If you itemize for federal taxes, then most of your work can be duplicated. Even if…

Despite the rise in technology, not everyone owns a computer or is adept at searching the Web. When tax season comes around, even computer savvy individuals often opt to file their taxes using the…

Identifying which state has the highest income tax rate is a less straightforward proposition than you might think. Tax law is dynamic, and each individual state calculates income tax bills using its…

As retirement approaches and you begin considering living life on a fixed pension, you are going to want to get the maximum benefit from that pension. If you can find a place where you would like to…

Deducting mortgage interest on tax returns is an incentive given to homeowners as a tax relief. Often this deduction can be substantial and offset a significant portion of the taxes you owe. While…

Residents of all states are responsible for paying federal income taxes, but seven states, Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming, do not have a state income tax. As of…

The state of Georgia, like other states throughout the country, has its own rules governing income tax. Residents and non-residents alike need to know what their filing obligations are and how to…

While most states add their own income tax onto the federal income tax, a few do not. As of 2009, seven states -- Alaska, Nevada, South Dakota, Washington, Texas, Wyoming, and Florida -- do not charge…

To determine your adjusted gross income, or AGI, fill out part of federal tax Form 1040. Enter your income and any adjustments to that income on lines 7 through 37 on the Form. The result will reveal…

Filing taxes online makes the process of obtaining a refund faster. You can have the refund directly deposited into your checking or savings account. If you you live in North Dakota and have to file…

Medicaid is a state-run program that provides health insurance to low-income individuals and families. Eligibility requirements vary from state to state, as do the application procedures. You will…

A 1099-MISC form comes from the Internal Revenue Service and lists income that is not related to wages. (Wage income is reported on the W-2.) The IRS uses this form to determine whether taxes are…

Income tax is the tax taken off the total amount of money you make in a year. Each state's tax requirements are slightly different -- Tennessee is no exception -- so knowing how Tennessee taxes income…

State income taxes can be deductible for taxpayers under certain circumstances. This article shows you what you need to do to take this deduction.

Municipal bonds (or muni bonds) are issued by local governmental entities other than the United States Federal government. They are considered creditworthy and provide tax-advantaged income for…

According to the Tax Foundation, a nonpartisan tax research group based in Washington, D.C., Americans required an average of 39 work days in 2008 to earn enough money to pay their state and local…

State income tax is collected by each state on salary, wages, tips, interest, dividends and other forms of income. The rate at which each state taxes income varies, with 7 states not collecting income…

IRS Form 4868 provides an extension of time to file federal tax papers such as a 1040 but does not provide an extension of time for the tax liability itself. Individuals who owe money to the IRS must…

Other states have a progressive tax rate, which rises with income. Thirty-four states fall into this category. For example, California has a personal income tax rate of 1 percent at the lowest level…

The purpose of state income tax is to provide the state with a revenue stream to use for public education, health and human services, and correctional or rehabilitation services. Discover how state…

Millions of Americans dread the arrival of April 15 each year, which is the last day in which residents from California to Maine can file their federal income tax returns. Since 39 states require…

The states with no income tax are Texas, Nevada, Washington State, Florida, Alaska, South Dakota and Wyoming, where citizens are only required to file a 1040 form. Find out how to file in one of these…

California's Franchise Tax Board, or FTB, provides two free online filing services that could help you meet the April 15 filing deadline for state income taxes. However, you must meet the state's…

As I approached retirement I discovered a big difference in the amount of tax I would have to pay depended mainly on where I live. A retirement friendly State can save you big bucks: I have researched…

The Georgia state income tax is one of 41 state income taxes around the country. It is a progressive system where the tax rate increases as the amount of taxable income also increases. The Georgia…

There are seven American states that have no state income tax. They are Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming. There are two more states that tax personal income for…

Every state has a slightly different process for filing state income tax. You will need to access information about your state's specific procedures to find out what you need to do.

In North Carolina, four tax brackets are used to determine the income tax rates for individuals. People earning higher incomes are taxed at higher rates, though it's frequently possible to save some…

Michigan is among the states that do not use a tax bracket system, applying a flat tax rate to all incomes earned by state residents instead. You can calculate what you'll owe in income tax by…

The state of Ohio uses a relatively complex system to calculate residents' income taxes. Ohio has nine different income brackets, with its income tax rates increasing proportionately with higher…

Georgia has a six-bracket state income tax system, charging sliding rates that depend on your income. The variations in tax rates are all contained at relatively low income levels, meaning most…

The state of Pennsylvania has a simplified income tax system, using a single tax rate for all incomes. To calculate what you owe, you'll have to figure out how much of your income qualifies for…

The state of Illinois does not assign income tax brackets. Instead, it uses a flat-rate system that charges a percentage of U.S. federal income tax liability.

The state of Arizona has five different brackets for residents to use to calculate what they owe in income tax. Arizona's state tax rates are relatively low, but the state does tax individuals with…

The state of New York has a seven-tiered taxation system, which applies higher tax rates to individuals posting higher earnings. To calculate what you owe in New York state income tax, you'll need to…

The state of New Jersey employs a variable tax rate system that ties your tax rate to your income level. As dictated by New Jersey state tax legislation, there are six different income tax brackets in…

Even though many employers withhold both federal and state income taxes from paychecks, you'll have to know how to calculate what you owe to the state of California come tax time. Your California tax…