Multi-State Taxation

Navigate the complexities of filing state tax returns across multiple jurisdictions with our comprehensive guide on Multi-State Taxation. This resource explains the different methods states use to determine tax liability for residents, part-year residents, and nonresidents. It includes information on state-specific deductions, credits, and income reporting requirements, making it essential for taxpayers with multi-state income sources or who have recently moved.

Highlights:

• Resident Returns: Understand how states calculate tax liability using federal AGI, taxable income, or state-defined income.

• Part-Year Resident Returns: Learn about the two main methods states use to calculate taxes for part-year residents, including proration based on time or income.

• Nonresident Returns: Guidelines for determining state-source income and prorating taxes for nonresidents.

• Reciprocal Agreements: List of states with agreements that simplify tax reporting and payment for residents working in neighboring states.

• Military Considerations: Special rules under the Servicemembers Civil Relief Act for military members and their spouses.