State Tax Information

Here we provide latest state tax information for 2013 – 2014 tax year. This is the best informative way for you. Now click here and get your solution within minutes.

Texas State Taxes Information

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Texas State Taxes Information

Texas State Tax Profile Texas is one of seven states that have no individual income tax.  Most of Texas’s tax revenue comes from state sales taxes and taxes on businesses and specific industries.  Texas does have a property tax, but it’s collected by cities, counties, and school districts and can only be used for local needs. Texas Property Tax Property taxes are based on the current market value of real estate and tangible personal property as appraised by the county appraisal district.  To determine value, the appraiser compares your home to others that have recently sold.  The...

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Pennsylvania Individual Income Tax

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Pennsylvania Individual Income Tax

Pennsylvania Individual Income Taxes 2013 – 2014 Individuals in Pennsylvania pay a flat tax of 3.07 percent.  This means that in Pennsylvania everyone pays 3.07 percent, no matter how much income they make.  However, if your income is low enough, the state will forgive your tax debt, bringing your tax bill to zero. Pennsylvania does not allow for a standard deduction or a deduction for personal exemptions (dependents).  Therefore, the allowed deductions, tax credits, and exclusions from income become all the more important. Find out which TurboTax Is Right For You! What Income Is...

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New York Personal Income Tax

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New York Personal Income Tax

New York Personal Income Tax 2013 – 2014 New York personal income tax rules are very similar to federal income taxes for individuals.  New York only deviates from the federal rules in a few ways, such as exempting pension income and adding deductions for college tuition and college savings.  New York also has several tax credits that will help out homeowners and those with children. New York Income Tax Deductions New York offers a standard deduction ranging from $3,000 for single individuals to $15,000 for married filing jointly.  There is also an exemption deduction of $1,000 for each...

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New York City Taxes

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New York City Taxes

New York City Taxes 2013 -2014 New York City is one of the few cities in the country that have their own income tax.  The city also has the distinction of having the highest cigarette tax in the nation.  And it doesn’t stop there, the state of New York is known for having some of the highest property taxes in the nation as well. New York City Property Tax New York City Department of Finance values New York City residential and commercial properties.  A tentative value assessment is sent out each January.  If there are no changes, the final assessment is sent out in May.  New York City...

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New York City Income Tax

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New York City Income Tax

New York City is one of the few cities in the U.S. that have a personal income tax.  New York City income tax is paid on your New York State income tax return.  There are no deductions available, but there are separate credits for New York City income taxes. File your business & personal taxes online with ease. Try TurboTax Home & Business today Who Has to Pay New York City Income Tax? Every income-earning individual, estate and trust residing in New York City must pay New York City personal income tax. Taxpayers who have lived in NYC for only part of the year calculate their tax...

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Illinois Income Taxes

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Illinois Income Taxes

Illinois Tax Profile Illinois cities have some of the highest sales taxes coming in the country with Chicago even charging a special tax on soda.  Illinois cities have also been ranked as having the highest cigarette taxes in the country.  However, cities and counties offer a long list of property tax exemptions and the state income tax is a low flat rate of only 3 percent. Illinois Property Tax The state of Illinois receives no revenue from property taxes – all of the money goes to local municipalities.  According to the Illinois Department of Revenue, 62% of local property tax revenue goes...

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