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Hybrid and remote workers who commuted to another state to work in 2023 may face an ugly surprise for tax season: double state taxation.
When it comes to remote work, everything changed in 2020. You know how it happened. The pandemic struck and employers who weren’t already allowing remote work were forced to do so.
Remote workers could face double taxation Some employers continued remote and hybrid work into 2022. If your employer is outside the state where you worked remotely, there may be tax implications ...
Remote workers are subject to taxation based on a combination of factors including their residence, the location of their employer, and the specific tax laws of the relevant jurisdictions. Generally, remote workers are taxed in accordance with the rules and regulations of the jurisdiction in which they reside.
Created in 2012, the Tribunal is an administrative law forum of original jurisdiction for the adjudication of cases that involve determinations made by the Illinois Department of Revenue. These determinations may include notices of tax liability, and many of the cases heard by the Tribunal are appeals launched by taxpayers. There is a filing fee.
However, the tax statute specifically disclaims sales of digital content and certain Internet related services. Title 47 §2001(n)(1)(N) & (n)(2)(G). [39] Some of these laws specifically address the taxation of software, which may or may not be interpreted by those states' courts to include downloadable content, i.e. music and video files.
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In fact, there is an additional Medicare tax rate of 0.9% when a self-employed individual earns above $200,000 (single). Generally, only 92.35% of the self-employment income is taxable at the above rates. Additionally, half of the self-employment tax, i.e., the employer-equivalent portion, is allowed as a deduction against income.