Monthly Archives: June 2015

As a maintenance worker, you may either be classified as an employee of a company or you may be considered self-employed. If you are an employee, your employer will provide you with a Form W-2, Wage and Tax Statement. Self-employed maintenance workers can expect a Form 1099-MISC, Miscellaneous Income from those whom they’re contracted with. […]

Wisconsin

Wisconsin has a state income tax that ranges from 4.4% to 7.65%, this range is broken up into 4 tax brackets. Single Tax Payers; Up to $10,910 at 4.4% $10,901 to $21,820 at 5.84% $21,821 to $240,190 at 6.27% $240,191 and above at 7.65% Married Filing Jointly Payers; Up to $14,540 at 4.4% $14,541 to […]

West Virginia

The state of West Virginia taxes it residents at the following rates, regardless of filing status. Up to $10,000 at 3% $10,001 to $25,000 at 4% $25,001 to $40,000 at 4.5% $40,001 to $60,000 at 6% $60,001 and above at 6.5% West Virginia taxes Social Security benefits to the extent that they are taxed by […]

Tennessee

Tennessee does not levy a tax on wages and salaries, although income from stocks, bonds and notes received are not exempt from income taxes, these items are taxed at a rate of 6%. Persons who utilize a filing status of single are exempt from paying taxes on the first $1,250 of taxable income, additionally joint […]

Ohio

The state of Ohio taxes income at the following rates; The First $5,200 is taxed at .537% $5,201 to $10,400 at 1.074% $10,401 to $15,560 at 2.148% $15,561 to $20,900 at 2.686% $20,901 to $41,700 at 3.222% $41,701 to $83,350 at 3.760% $83,351 to $104,250 at 4.296% $104,251 to $208,500 at 4.988% $208,501 to above […]

Mississippi

The state of Mississippi has three rates at which it taxes income; for single tax payers the first $5,000 of income is taxable at 3%, from $5,001 to $10,000 is 4% and above $10,001 is 5%. Married couples who file a joint return have the option of determining their tax liability separately and then adding […]

Michigan

The state of Michigan has a flat tax of 4.25%. What defines residency? To be considered a resident of the state of Michigan you need to maintain a permanent home with in the state for the entire tax year. If you happen to spent a long period of time out of state, for example a […]

Kentucky

The state of Kentucky collects taxes by variable rates, the chat below will help explain some of the income taxed and the amount of tax collect on that income. The first $3,000 in income is taxed at a rate of 2% Income from $3,001 to $4,000 is taxed at a rate of 3% Income from […]

Indiana

Indiana levies a flat tax of 3.4% on all taxpayers’ federal adjusted gross income. Benefits paid by social security are not taxed by the state of Indiana. Retirement Income and exemptions; If you are above the age of 60 and receive a military pension you may exclude up to $5,000 from being taxed. If you […]

Illinois

Illinois has a flat tax of 5% on federal AGI wages. Social Security benefits are not taxed by the state of Illinois. Other Retirement Income and exemptions; If you receive a distribution from a qualified retirement plan, such as a 401(k), IRA, self-employment retirement, traditional IRAs that have been moved to Roth IRAs, U.S. Retirement […]