Tag Archives: District of Columbia
Often overshadowed by their tax time counterpart – the federal income tax – state income tax rates generally receive less attention. However, they can definitely impact your overall bill, depending on where you live, where you work, and the total amount you earn. State Taxation of Residents States typically use one of three methods to […]
— Read moreReciprocal agreements are entered into by neighboring states so residents can cross the border for employment without having to pay double income tax. Many states have created these agreements to make tax time easier for commuters who work and reside in two different states. These exemptions mean you only have to pay income tax on […]
— Read moreAt tax time, residents of the District of Columbia have a lot of different tax rules to remember. Fortunately, working families have the advantage of claiming D.C.’s earned income tax credit (EITC), which is modeled after the federal guidelines and eligibility rules. That means if a resident was eligible to claim the federal credit, then […]
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