To Avoid Tax Headaches, Stick Close to Home
If you cross a state line to go to work each day, are you paying the right taxes to the right people?
A recent article in the Annapolis, Maryland paper "The Capital" highlights the growing tax headache many commuters face, particularly in the areas around the nation's capital and major metropolitan areas near state lines, like New York City and Kansas City. Issues like different tax rates between the work and home states, different ways of determining tax brackets, and just generally determining how much to pay and to whom make this a potentially sticky tax situation.
If you commute for work, it may be time to talk to a tax pro, before it becomes a problem with your state's income tax enforcers*.
*I'm sorry, I live in one of the seven states that doesn't have a state personal income tax, and have lived here all my working life so I have no clue what such an entity would be called, though I've no doubt they're out there, like the boogeyman... lol.
A recent article in the Annapolis, Maryland paper "The Capital" highlights the growing tax headache many commuters face, particularly in the areas around the nation's capital and major metropolitan areas near state lines, like New York City and Kansas City. Issues like different tax rates between the work and home states, different ways of determining tax brackets, and just generally determining how much to pay and to whom make this a potentially sticky tax situation.
If you commute for work, it may be time to talk to a tax pro, before it becomes a problem with your state's income tax enforcers*.
*I'm sorry, I live in one of the seven states that doesn't have a state personal income tax, and have lived here all my working life so I have no clue what such an entity would be called, though I've no doubt they're out there, like the boogeyman... lol.
Labels: Taxes



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