1. States with no income tax Nine states — Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming — do not have an income tax. One caveat to know: Washington has a 7% ta
New Hampshire does not have an earned income tax, but it does tax interest and dividend income. Beyond the rates: While theabsence of state income taxcan be appealing, it is important to consider the overall tax burden, as states may have higher property or sales taxes to offset the lack ...
Part-time residents must also file if they earned income during their time as a resident or if they had New York income during their non-resident time. More details on the filing requirements can be found on the state’s Taxation and Finance website. The Empire State’s income tax forms ...
California has its own version of the earned income tax credit, worth up to $3,644 for qualified working families or individuals with income up to $30,950. California sales tax rate California has a 7.25 percent statewide sales tax, but many counties and cities add additional sales taxes on...
Furthermore, as far back as 1933, a statewide income tax in Washington was ruled unconstitutional. However, to stay consistent with the source’s categories, it has been included as income. New Hampshire’s removal of interest and dividends tax is also counted as eliminating income taxes. If ...
At issue is the State of New Hampshire's (and its amici's) claim that Massachusetts's insistence on applying its income tax to residents of New Hampshire, who once commuted to work in Massachusetts but now work for the same businesses remotely in New Hampshire because of the COVID-19 ...
NebraskaNo State Income Tax NevadaNo State Income Tax New HampshireNo State Income Tax New Jersey8% New Mexico6.2% New YorkResident: Up to 8.82% (depending on income and locality); Non-resident: 8.82% North Carolina5.40% (residents); Non-residents: 7% ...
Not all state income taxes and tax rates are created equally. There are nine states which don't impose a state income tax: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming. New Hampshire taxes investment income from taxable dividends and interest...
As of 2025, eightstates have no income tax: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, and Wyoming. New Hampshire is a recent addition to the list: on Jan. 1, 2025, it repealed its taxation onunearned income, such as interest anddividends.23 ...
One other state, New Hampshire, does not tax W-2 wages but does tax dividend, interest and certain business income above certain amounts. Consideration 2: Moving expenses If your employer is moving you from state to state and paying for your moving expenses, some of your reimbursed moving ex...