i need to change my information on my paystub and am wondering if the taxes taken out would go up or down. how can i find this out? the info is changing from delaware to pennsylvania
2007-10-04 05:42:14 · 7 answers · asked by daboywonder2002 1 in Business & Finance ➔ Taxes ➔ United States
You asked "is federal income tax and social security tax different in each state?"
The answer is no, only state taxes are different.
The answer to the question that you should have asked is:
Income tax is different in different states. Although the federal taxes will stay the same, your state income tax withholdings will change. Withholdings for disability insurance and/or unemployment insurance may also change.
The answer to the question that you did ask is:
Federal income tax and social security tax are the same in every state. These taxes will not be affected.
2007-10-04 08:28:46 · answer #1 · answered by StephenWeinstein 7 · 0⤊ 0⤋
Federal income tax and Social Security taxes do not change from state to state. However, you have to remember that the amount of withholdings you claim on your W-4 will affect how much Federal tax is taken out of each pay check. The less withholdings you claim, the more taxes will be taken out. I claim zero because I want the IRS to owe ME money at the end of the year; not the other way around.
2007-10-04 12:50:42 · answer #2 · answered by Anonymous · 0⤊ 0⤋
No, the social security tax (6.2%), medicare tax (1.45%) remain the same no matter which state you work. Also, the same federal tax chart will be applied when filing your 1040 through out the U.S.
If you change the number of exemptions on your W4 form, the federal, state, and local tax withholdings would change. If you claim more exemptions for yourself and your dependent(s), there will be LESS taxes taken out from your paychecks. On the other hand, if you only claim 1, then there will be MORE taxes taken out from your paychecks.
2007-10-04 14:17:27 · answer #3 · answered by EXTRA MILE 2 · 0⤊ 0⤋
Federal taxes are the same in every state. State and local taxes are different, though.
2007-10-04 18:01:14 · answer #4 · answered by Judy 7 · 0⤊ 0⤋
The federal tax may change from employer to employer depending upon which method they use to calculate the taxes but it should still be roughly the same. It should not however vary from state to state.
Social Security and Medicare together should be 7.65%.
2007-10-04 12:52:18 · answer #5 · answered by nyteglori 3 · 0⤊ 1⤋
No. its based upon how much you make. The only thing different with taxes is the state tax. Now they're different.
2007-10-04 13:14:11 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Nope. National rate chart
2007-10-04 12:45:05 · answer #7 · answered by wizjp 7 · 0⤊ 0⤋