Living and Working in Different States Can Be a Tax Headache
Living in one state and working in another can trigger a number of tax issues. Here are several things to keep in mind if you and/or your spouse are in this situation.
Living in one state and working in another can trigger a number of tax issues. Here are several things to keep in mind if you and/or your spouse are in this situation.
If you choose to live in these states, every penny you earn is safe from state income tax (although one state taxes some dividends and interest). But that doesn’t mean you won’t have to pay other state and local taxes.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
Retirees can save a lot of money in these states that completely exempt the most common types of retirement income â 401(k)s, IRAs and pensions â from taxation.
Some states have pension exclusions with limitations based on age and/or income. But these states don’t tax pension income at all, no matter how old you are or how much money you have.
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This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
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This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.