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What is state income?

Updated: 9/23/2021
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Wiki User

6y ago

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It is a tax imposed by an individual state like New York or California.

The tax works like the federal income tax in that it imposes a tax on income such as wages, rents, interest, dividends, royalties, investment income, etc. (Not all state tax all types of income and don't necessarily tax the same types of income as the federal government.) A state may tax income earned by its residents anywhere in the world. A state may also tax income earned by non-residents from sources within its borders.

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Lavonne Mraz

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Q: What is state income?
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Related questions

If you live in FL and work in another state where do you pay state income tax?

The state where you work and earn the income wants to collect some state income tax on the income that you earn in that state.


If you live in a state that does not have a state income tax and work in a state that does have a state income tax are you obligated by law to pay state income tax to the other state?

Yes..only on that portion of income properly allocated or attributable to that State.


When filing for the state income taxes do you receive your federal income tax refund as well as your state income tax refund?

No, when filing for the state income taxes, you will receive your federal income tax refund as well as your state income tax refund.


What is the state income tax of Texas?

Texas does not have a state income tax.


Is there state income tax in Illinois?

There is a state income tax in Illinois.


If you live in a state that does have a state income tax and work in a state that does not have a state income tax are you obligated by law to pay state income tax to your home state?

From personal experience, if you live in Oklahoma and your workplace is in a different state, you are obligated pay Oklahoma state income taxes on those wages. This is probably true for all other state income tax states.


How much is Washington state income tax?

Washington does NOT have any Personal Income TaxesNo state personal income taxRetirement Income: Not taxed.


What state has the lowest income on money?

Mississippi has the lowest income of any state.


Does the state you live in collect income tax?

Yes the state that I live in does have a personal state income tax and does collect the states personal income taxes from the taxpayers.


What is the average yearly income in the state of Texas?

What is the average yearly income in the state of texas?


Does South Dakota have a state income tax?

No, South Dakota does not have a state income tax.


Does state aid count as income for taxes?

State aid would not be taxable income that you would report on your income tax return.