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How do I figure out my state tax liability?

2007-03-14 11:40:16 · 6 answers · asked by steve m 1 in Business & Finance Taxes United States

6 answers

If you were a CA resident for the entire year, CA will tax your world-wide income from all sources. The TX income is fully taxable by CA.

If you moved from TX to CA during the year, CA is only entitled to tax the income you earned while either a resident of CA or while actually working in CA.

2007-03-14 11:48:43 · answer #1 · answered by Bostonian In MO 7 · 2 0

i live in FL and worked 7 weeks in CA last year. FL also has no income tax. i filed a CA tax return as a non-resident. i believe that if you lived part of the year in CA you should file as a part-time resident. the result will be the same as mine. the return requires that you report to CA your full amount of Federal Adjusted Gross Income and then it is pro-rated to CA based on the number of days you were in state working. this has the effect of putting you in a higher tax bracket, but being taxed only on your CA earnings.

this seemed particularly unfair to me, because in addition to the few thousand $ i earned in CA the tax rate got bumped to the maximum because of my earnings in FL and my dividend, interest income. i found no legal way around this.

2007-03-14 13:13:09 · answer #2 · answered by Ovrtaxed 4 · 0 0

I additionally stay in CT, taxes are ridiculous in this state before everything. i could think of if confronted with paying larger taxes the wealthiest electorate could only pass away the state for one which would not tax them as noticeably. government workers in this state are paid very nicely and have excellent wellbeing advantages and that they ***** approximately being asked to shoulder the countless fee interior the face of our huge funds deficits. our flesh pressers won't even take a voluntary unpaid day of paintings below the declare it somewhat is basically symbolic and could no longer do something to close the hollow interior the funds. it ought to be symbolic and could no longer do plenty to close the hollow yet they must nevertheless do it pondering they're asking others in this state to sacrifice.

2016-09-30 22:32:10 · answer #3 · answered by ? 4 · 0 0

I can show you what helped me the most this year with my taxes. I found a site that actually paid my filing fees for me. I went through their steps (which took about 30 minutes) and they paid all of my filing fees back to me. They also informed me that, if I had owed the IRS instead of getting a return, that they would have paid up to $500 of my taxes for me. Not only did I get all of H&R Block's protection features, but I got them all for free! I hope that they offer the same incentives next year so that I can file for free again... Check them out to see how much money that they can save you.

2007-03-14 17:15:30 · answer #4 · answered by Jason C 2 · 0 2

If your income was from Texas, and you were living in Texas, it does not get taxed here in California.

If you are with the same employer and you are moved to California, there's possibilty that it is taxable.

Best to check with a tax person.

2007-03-14 11:49:22 · answer #5 · answered by Doris H 1 · 0 2

Ask an accountant.

2007-03-14 11:44:44 · answer #6 · answered by Anonymous · 0 1

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