Maryland state income tax rate is 5.75 percent which is below the average of its neighbors, but higher than all other states except West Virginia and Pennsylvania As a Maryland resident, you are required to file a state income tax return if you earn ordinary income. Ordinary income includes wages from a job or business, … Read more
There are 45 states plus the District of Columbia that levy a state sales and use tax. The statewide Kansas sales tax is 6.5%, but local jurisdictions may add up to 10% in additional taxes. Most services are taxable, but exceptions include repair and maintenance services, personal services like haircuts, and some professional services. Tangible … Read more
Illinois’ state sales tax is 6.25%, but local rates can make it much higher. Illinois Sales tax rates are determined by exact street address and can vary across jurisdictions. Rates are updated automatically, based on real-time data from local authorities. Almost all services are taxable in the state of Illinois, but the specifics depend on … Read more
If you are selling products in Idaho, you need to be aware of sales tax rates and filing requirements. Idaho Sales Tax rate is 6%, and some local city and county taxes may apply. A sales tax calculator is a handy tool to help you determine the correct sales tax for each item you sell. … Read more
Wyoming does not impose an individual income tax, but there are several taxes that can affect your paycheck. These include contributions to employer-sponsored health and life insurance plans and money contributed to medical expense accounts like flexible spending accounts and health savings accounts. These deductions are taken out of your paycheck biweekly or monthly, depending … Read more
Income taxes are most individuals’ largest annual expense, and they have become the focus of much debate in recent years. A new law passed this year in the DOR will consolidate current Iowa State Income Tax rates and brackets, resulting in a flat 3.9 percent rate beginning next year. The average household with $10,000 or … Read more
Illinois state income tax rate is 4.95 percent and does not have higher tax brackets for higher-income taxpayers. The state sales tax is 6.25 percent statewide, and municipalities may add an additional 4 cents per gallon for gas and 8.25 cents for diesel. Telecommunications taxes are a bit lower, at about 7 percent. Illinois does … Read more
A bill sent to Kelly by lawmakers would reduce the state’s top income tax rate from 5.7% to 5.55%, but that reduction is less significant than the one in the last plan she rejected. The new bill also excludes Social Security benefits from Kansas State Income Tax and accelerates the expiration of a 2% sales … Read more
If you work in Idaho, the state requires that your employer withhold Idaho income tax from your paycheck. The amount withheld depends on your filing status, how many Idaho withholding allowances you claim, and your payroll frequency. To calculate the correct withholding, use the Idaho income tax chart for the year you’re submitting your return, … Read more
If you sell taxable goods or services in Louisiana, you are required to register and collect sales tax. You must apply the correct rate to your products, remit this tax to the state, and keep excellent records. In addition, you must file timely returns and be aware of the Pelican State’s unique rules. The Louisiana … Read more