Tag Archives: Kentucky
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 moreThroughout the United States, there is a large percentage of the workforce that crosses state lines to work. Resident of one state may seek employment in another, especially if they live near a border that makes the commute simple. However, this can mean a more difficult tax season for those that commute. Thankfully, many states […]
— Read moreMany major cities, or even those close to the border of a neighboring state, have a significant portion of taxpayers who travel from another state to work there. For example, many New Jersey residents work in New York City, or Marylanders may drive to Virginia. It may not seem like a hassle to cross the […]
— Read moreThe state of Kentucky collects taxes by variable rates, the chat below will help explain some of the income taxed and the amount of tax collect on that income. The first $3,000 in income is taxed at a rate of 2% Income from $3,001 to $4,000 is taxed at a rate of 3% Income from […]
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