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NOT all state have a personal income tax. Seven states (Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming) do not tax personal income
Information from the RETIREMENTLIVING com website TAXES BY STATE
http://retirementliving.com/RLtaxes.html
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What are withholdings?
Withholdings are funds that are deducted from an employees paycheck for taxes as well as for payment of benefits that the employee is responsible to pay. As far as withholdings of taxes, there is the employee share of Social Security and Medicare Taxes as well as the withholding of federal, state, and local income taxes. The withholdings are not payment of the income taxes but a payment toward whatever their income taxes might be. The employee will file a tax return after the end of the calendar year at which time the years withholdings will be prepayment of the tax owed on the return. If the withholdings are more that the tax is then the taxpayer will receive a refund but if the withholdings for income tax are not enough then there will be a balance due from the taxpayer that they have to pay.
What is a payroll withholding statement?
The summary statement attached to a paycheck that summarizes income, tax withholdings, and other deductions.
What states have both federal and state income tax?
All states have federal income tax. The only states with no state income tax are Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming.
Who can tax income without apportionment among states?
Congress can tax income without apportionment among states
Which states do not have a state tax?
All States, in fact all governments, have taxes...that is how they pay for what they do. Some may not have, or have a small, type of tax, like a sales tax or property tax or income tax, etc....but obviously, if one is not used the others are higher to compensate.
Do all states have income tax withholdings?
No, There are nine states that do not have a state income tax as of Dec. 2011 The nine states without income tax are the following: Alaska Florida Nevada New Hampshire South Dakota Tennessee Texas Washington Wyoming
What are withholdings?
Withholdings are funds that are deducted from an employees paycheck for taxes as well as for payment of benefits that the employee is responsible to pay. As far as withholdings of taxes, there is the employee share of Social Security and Medicare Taxes as well as the withholding of federal, state, and local income taxes. The withholdings are not payment of the income taxes but a payment toward whatever their income taxes might be. The employee will file a tax return after the end of the calendar year at which time the years withholdings will be prepayment of the tax owed on the return. If the withholdings are more that the tax is then the taxpayer will receive a refund but if the withholdings for income tax are not enough then there will be a balance due from the taxpayer that they have to pay.
What states have both federal and state income tax?
All states have federal income tax. The only states with no state income tax are Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming.
What is a payroll withholding statement?
The summary statement attached to a paycheck that summarizes income, tax withholdings, and other deductions.
What does it mean Retenciones e ingresos a cuenta del impuesto sobre la renta?
Withholdings and payments on account of income tax?
What is one activity that is not supported by America's Job Bank Website?
Applicants can calculate their tax withholdings
What states have no income or sales tax?
well Florida has no income tax
Which states require Withholding taxes for out of state workers?
All of the states that have a personal income tax.
Who can tax income without apportionment among states?
Congress can tax income without apportionment among states
Is it true that all US states have state income tax?
yes it is true
When calculating my tax refund and I am asked to enter the amount of federal taxes paid does that also include withholdings for medicare and social security?
No. Only INCOME Tax estimated or wittholding...payments made toward INCOME tax that you are calculating. By the way, Medicare/SS are considered insurance payments.
Which states require a locality tax withholdings?
A locality tax is typically the city that you are working in charging its own income tax. Because it varies city to city, rather than state to state, it's not really feasible to list every single city that does it. Typically, its larger metropolitan cities that do this though, like NYC.
