it's kind of early to ask but i'd like to know ahead of time. i live in maryland and at the end of august i will be leaving for missouri for college. i know that for 2007 it will make me a maryland resident and a missouri nonresident. ok here is where i get confused:
i plan to maintain maryland residency. home, license, car registered to maryland, etc. i will have a part time job while in college. can i have w/h taken out for md instead of mo?
also in 2008 will i have to claim residency in both states since i spent all of my time in mo, then just use the credit for taxes paid to maryland?
i think i just confused myself even more lol =(
2007-02-13 01:35:26 · 5 answers · asked by fluffernutter 1 in Business & Finance ➔ Taxes ➔ United States
No, you cannot have your employer take out MD taxes. If your work is being performed in MO, you will have to have MO withholding and you will need to file a MO return and pay MO taxes on the income.
You can treat your stay in MO as a temporary stay. You said that you plan to maintain MD residency. So, you will need to file a MO nonresident return and pay MO taxes on the money you earned in MO. You will need to file a MD resident return and pay MD taxes on the money you earned everywhere, and then claim a credit against your MD taxes for the MO taxes you paid.
2007-02-13 01:45:33 · answer #1 · answered by jseah114 6 · 3⤊ 0⤋
For 2007 MO tax will be withheld since you will have to file a MO nonresident return for your job there. A credit for MO tax will be allowed on your MD resident state return. Same thing for 2008.
2007-02-13 01:45:06 · answer #2 · answered by spicertax 5 · 3⤊ 0⤋
Your domicile will remain in MD. However, any income earned in MO will be taxed in MO. You will file a MO non-resident return and a MD resident return. You will get a credit from MD for the MO taxes paid.
2007-02-13 01:45:55 · answer #3 · answered by Bostonian In MO 7 · 2⤊ 0⤋
Since you and your family are in North Carolina now and will likely continue to stay there, you WILL be charged out of state at any school in CA. Even if you take a gap year. You need to find a school in North Carolina if you want to pay in state tuition. That is where you are a resident now. You should not be selfish and try to go to a school out of state when you clearly can't afford it.
2016-05-24 05:07:06 · answer #4 · answered by ? 4 · 0⤊ 0⤋
Ask your college. Most states allow for you to receive "in-state" tuition if you reside in the state for a certain period of time, but each college can have a different rule, especially if it is a private school. If you call the accounting office at the college, someone will be able to give you a specific answer.
2007-02-13 01:44:41 · answer #5 · answered by Jodi F 2 · 0⤊ 1⤋