Individuals who reside in Montana for a portion of the tax year are considered part-time residents of the state. Taxpayers are considered residents the moment they establish a home within the state, and consequently lose resident status if they relinquish their home in the state and create a domicile in a different state. While you […]
— Read moreAnyone who was not a resident of Kansas during the tax year, but who has earned income from a source within the state is responsible for filing a Kansas income tax return. The amount of income earned in state is not relevant to determining whether or not a nonresident must file. If Kansas state tax […]
— Read moreIndividuals who have a gross income of more than $2,500 while living in the state of Idaho, or nonresidents who gross more than that amount from sources within the state, are required to file an Idaho income tax return. Nonresidents are required to file when they have earned over $2,500 in taxable income within the […]
— Read moreIn California, anyone who is not a resident of the state is considered a nonresident for tax purposes. Part year residency refers to a person who resided in California for part of the year, and remained a nonresident for the remainder of the year. Nonresidents of California are taxed according to income tax regulations on […]
— Read moreWho Qualifies as a Colorado Part-Year Resident? An individual who resides in Colorado for a portion of the tax year is considered a part-year resident of the state. Part-year residency status includes individuals who have entered the state during the year with the intent of establishing domicile, or one who leaves the state in order […]
— Read moreIf you earn any income from a source originating in Arizona, it will be taxed according to the state’s income tax regulations. Even if you don’t live in Arizona, or you are in the state temporarily, you are still responsible for Arizona state income tax. Income includes wages, rental income, business profits, real estate sales […]
— Read moreIf your job or business requires you to use your own personal car, you may be able to deduct the entire operation costs up to certain limits. If the car is used for both business and personal use, however, you can only deduct costs relating to the business use. Generally, the amount of deduction is […]
— Read moreIn order to deduct qualifying expenses as miscellaneous itemized deductions, they have to exceed 2% of your adjusted gross income. There are generally three different costs that fall under miscellaneous deductions, and therefore are subject to the 2% limitation: unreimbursed employee expenses, tax preparation costs, and certain other expenses. There are some unreimbursed employee expenses […]
— Read moreRegardless of if you are self-employed or an employee of another business, if you use any part of your home for conducting business, you may be able to deduct certain expenses. Your home must be used in one of the following ways: Exclusively, and on a regular basis as your primary place of business A […]
— Read moreIf you pay education expenses and qualified tuition for either yourself, a spouse, or another dependent, you may qualify for a deduction of your costs. You may be able to claim different deductions by using your tuition and fees instead of taking them as a direct deduction. Consider the following: The American Opportunity Tax Credit […]
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