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A number of state and local employers and their employees in the states of Alaska, California, Colorado, Illinois, Louisiana, Maine, Massachusetts, Nevada, Ohio, and Texas are currently exempt from paying the Social Security portion of FICA taxes. They provide alternative retirement and pension plans to their employees.
“If the employee claims exemption from state and local taxes, there would be a separate state and local form comparable to a federal W-4 form to complete.” It’s also important to note that ...
In order to ensure that the state receives a portion of the revenue from oil and gas leases within the state, any payments made to an address outside of the state require that a tax be withheld and paid directly to the state. States that have enacted such laws include, but are not limited to: Georgia; Maryland; Oklahoma; New Mexico; Utah ...
All persons withholding taxes must file annual Federal and state reports of the tax withheld and the amount subject to withholding. A copy must be provided to the employee or other payee. The relevant forms are as follows: Form W-2 series for wages (the Federal report is also used for states), due to employees by January 31.
Massachusetts taxes most retirement income using its 5% state income tax. Seniors may be exempt from paying state income tax if they are a single filer making $8,000 or less, a head of household ...
First, it was a flat-rate tax of $2,500 per game, imposed on all players who were on a team's roster for a game in the state, including Tennessee residents. However, the tax applied to a maximum of three games per calendar year. [7] In another quirk, NFL players were exempt—when first imposed, the tax only applied to NBA and NHL players. [7]
It is an example of the second type of payroll tax, but unlike in other jurisdictions, it is paid directly by employees rather than employers. Unlike the first type of payroll tax as it is applied in Canada, though, there is no basic personal exemption below which employees are not required to pay the tax. [8]
Nevada is full of laws that may seem rather bizarre. The Silver State's strangest laws include ones against lotteries, swearing and hula-hooping. ... agent or employee of a pawnbroker" cannot ...