FREE help and assistance from your state is NOT taxable income and would NOT be reported on your 1040 federal income tax return.
If you are receiving other gross worldwide taxable income or exempt interest and exempt dividends and any social security benefits then could be possible that you might have to pay some federal income tax after your income tax is completed correctly IF you meet any of the MUST FILE A INCOME TAX RETURN requirements
Go to the IRS gov web site and use the search for the requirements.
In Florida, there is no state inheritance tax, so beneficiaries do not have to pay inheritance tax on assets they receive.
A church has to Pay State Tax.
If you live in a state that doesn't have state income tax, you typically do not pay state income tax, so there would be no state income tax withheld from your paychecks. As a result, you would not receive a refund at year-end because there would be no withholding to refund. However, if you mistakenly had state income tax withheld due to an error, you could file to reclaim that amount.
no that does not mean they can not pay state tax. There are many things that happen if a state is outside the continental us, but since it is a state, that means that it still has to pay state tax.
Income tax is something that every person who works has to pay. The amount you pay will depend on the job you have and how much money you earn. Income tax is sent in to the state you live in as well as the federal government. At the end of the year an income tax statement will be sent home with you from work or you will receive it in the mail. This statement will be used to determine if you will receive a tax refund when you file your taxes.
No. They may have to pay gift tax. See discussions under that topic.
You can expect to receive your state tax refund within a few weeks to a few months after filing your tax return, depending on how you filed and the efficiency of the state tax department.
No, when filing for the state income taxes, you will receive your federal income tax refund as well as your state income tax refund.
You pay the sales tax for the state in which you're going to register your car.
Washington State does not have a personal income tax, so you will not pay any state income tax. You will still pay Federal income tax on lottery winnings, though.
Employers liable to a state(s) for unemployment insurance tax receive FUTA credit for timely tax payments made to the state(s). The FUTA tax rate is 6.2% of the taxable payroll. Regardless of the state tax rate assigned, employers receive credit at a rate of 5.4% of their North Carolina taxable payroll for timely tax payments. Employers then pay .8% directly to the Internal Revenue Service for FUTA tax.
Employers liable to a state(s) for unemployment insurance tax receive FUTA credit for timely tax payments made to the state(s). The FUTA tax rate is 6.2% of the taxable payroll. Regardless of the state tax rate assigned, employers receive credit at a rate of 5.4% of their North Carolina taxable payroll for timely tax payments. Employers then pay .8% directly to the Internal Revenue Service for FUTA tax.