Tag Archives: state income tax

There are nine different states that don’t tax wages. For residents of the other fourth-one, tax season requires the filing of both a federal income tax return and a state return. While paying taxes to the state may not be ideal in your mind, there’s one highlight: State taxes may be able to reduce your […]

Tax time can be extra stressful for working families with state income tax liabilities, especially if their income is lower than average. Thankfully, the government has offered the Earned Income Tax Credit (EITC) to working families with low wages as a way to help reduce poverty and encourage employment despite minimal salary amounts. The state […]

Ohio State Earned Income Tax Credit

For working families with lower incomes, tax time can be extra stressful. Thankfully, there’s the Earned Income Tax Credit (EITC), which seeks to return more of the taxpayer’s earnings by way of a refund. This credit is an important part of a poverty reduction plan, as it seeks to keep families working even under low […]

The Earned Income Tax Credit (EITC) is an important tax benefit for working families as it seeks to put more of what the family earned during the year back into their hands. In an effort to keep poverty levels low and help encourage families to continue working regardless of their wages, New York state is […]

At tax time, any way that one can put more money back into their own pocket is a welcome relief. The Earned Income Tax Credit (EITC), does just that for working families with low incomes. Based off the federal government’s version, the state of Massachusetts offers their own version of the credit for state residents. […]

Social Security: State Tax Exemption

Along with federal income tax, you are required to pay taxes on most income you earn as a resident of your home state. This income tax is assessed under specific regulations, and each state has different rules about what qualifies as taxable income. In twenty-seven of the fifty states and the District of Columbia, Social […]

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 […]