Medicare is the United States’ federal medical insurance program for people ages 65 and older or who have a disability. You can enroll in the Medicare program at any time during your lifetime. Whether you qualify and when you can enroll depends on the kind of coverage you have or what you’re eligible for. The … Read more
Washington sales tax is a destination-based state tax that applies to most retail and wholesale transactions. Sales tax rates vary by county. A business must register to collect and remit sales tax in Washington if it has nexus in the state. Nexus is defined as a commercial connection that obligates a business to collect and … Read more
Washington is one of the few states that does not have an income tax for individuals. However, it does impose a capital gains tax on the sale or exchange of long-term investments such as stocks and bonds. The rate is 7%, and a $250,000 exemption exists for married or single filers. Washington also has a … Read more
Generally, Wisconsin sales tax is a 5% state sales tax on the purchase of tangible personal property (including certain coins and stamps, leased property affixed to real property, digital goods, and some services), and the sale of admission to amusement, athletic, entertainment, or recreational places or events. There are also some services that are taxable … Read more
Pennsylvania state income tax is a tax on taxable personal income. The statewide rate is 3.07%, and the local rates can add up to another 2% or so in some cities. Pennsylvania state also offers a number of deductions and credits. Some of these include tax-exempt alimony and child support, a medical savings account deduction, … Read more
If you sell goods or services in Tennessee, you may be required to collect sales tax on those transactions. Tennessee Sales Tax is 7 percent, and local taxes can add another 0 to 3 percent. You can find more information about how sales tax works in Tennessee by visiting the state’s Department of Revenue website. … Read more
North Dakota has a progressive state income tax, meaning higher earners pay more taxes. The top marginal rate is 2.9%, but only those earning above $433,200 will reach that bracket. The state also has different tax brackets for married couples and individuals filing separately. Employees can find their state tax rate using the ND Income … Read more
The state of Nevada requires LLCs to file an annual list of members/managers and a business license. This filing is due by the last day of the month, marking your LLC’s incorporation anniversary, and includes a $150 fee. You must also have a registered agent who has a physical street address in the state of … Read more
Michigan is a destination-based sales tax state, meaning that sales taxes are collected based on the buyer’s location at the time of purchase. This makes filing sales tax returns more complicated than in states that have a uniform sales tax rate. Michigan also has an economic nexus law that requires remote sellers to collect and … Read more
Mississippi Medicaid is a federal-state health insurance program for low-income families and individuals. It covers basic health needs as well as long-term care services. You must be a resident of the state of Mississippi to qualify for Medicaid. Unlike many other states, Mississippi has not yet expanded Medicaid eligibility under the Affordable Care Act (ACA). … Read more