Tax time doesn’t have to be difficult for workers who are residents of a different state than that in which they work. Many states have enacted reciprocal tax agreements, which allows taxpayers living in certain states covered under the agreement to be exempt in paying income tax on earnings from within the work state. For […]
— Read moreThroughout the United States, there is a large percentage of the workforce that crosses state lines to work. Resident of one state may seek employment in another, especially if they live near a border that makes the commute simple. However, this can mean a more difficult tax season for those that commute. Thankfully, many states […]
— Read moreMinnesota allows those who work in the state to be exempt from paying state income tax if they are a legal resident of Michigan or North Dakota. Taxpayers who live in these two states are able to work in Minnesota without having to worry about filing a return for the money they earn in the […]
— Read moreCertain states that border one another have set specific agreements in place that allow taxpayers to be a resident of one state and work in another. Reciprocal tax agreements make tax time easier by requiring the taxpayer to only file one return in their home state, as they are exempt from paying taxes in their […]
— Read moreWhen you live near the border of another state, it’s quite common that you will cross into the other state for employment. In these cases, you may worry that you’ll be paying income tax twice on the money you earn, as you’ll owe both the state you work in and your home state. However, many […]
— Read moreIn the Garden State, working families have the opportunity to claim a state version of the Earned Income Tax Credit (EITC), which seeks to put more money back into the taxpayer’s hands. Along with twenty-four other states and the District of Columbia, New Jersey enacted the EITC and modeled the state credit after the federal […]
— Read moreThe Earned Income Tax Credit (EITC) is one way that taxpayers can get back more of their hard earned money come tax time. Nebraska offers a state version of the credit, which is modeled similarly to the federal credit, as far as eligibility requirements go. A Nebraska taxpayer who qualified for the federal credit will […]
— Read moreTax time doesn’t have to be stressful for low income working families thanks to the Earned Income Tax Credit (EITC). Seeking to keep families out of poverty and help them keep working regardless of wages, the tax credit is available on both a federal and state level for residents of Wisconsin. Wisconsin’s EITC is modeled […]
— Read moreFor low income families, finding a way to stretch each dollar can be important. Many look forward to their tax refund as a welcome relief to living on a budget. In Minnesota, the state government has enacted their own version of the Earned Income Tax Credit (EITC), which helps working families stay out of poverty […]
— Read moreWorking for low wages can be tough when trying to support a family. Thankfully, some relief is available through a tax benefit called the Earned Income Tax Credit (EITC). The federal government created the credit to give working families an incentive to continue to work and reduce poverty levels. The state of Virginia has enacted […]
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