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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.
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.
All states with income taxes impose a similar withholding obligation on wages paid to nonresidents by businesses operating within the state. [ 1 ] The taxes withheld must be treated as prepaid taxes, with final taxes imposed at the same rate and under the same computations for residents and nonresidents.
Some states also require remote employees to have a home occupation permit. Companies looking to hire out-of-state workers could encounter myriad local city or county laws governing such permits.
In the U.S., [1] Canada, [2] and others, the federal and most state or provincial governments, as well as some local governments, require such withholding for income taxes on payments by employers to employees. Income tax for the individual for the year is generally determined upon filing a tax return after the end of the year.
“The implication that federal employees writ large are not working in-person is simply not backed up by data and reality,” Everett Kelley, national president for the American Federation of ...
Tax rates vary by state and locality, and may be fixed or graduated. Most rates are the same for all types of income. State and local income taxes are imposed in addition to federal income tax. State income tax is allowed as a deduction in computing federal income, but is capped at $10,000 per household since the passage of the 2017 tax law ...
Jul. 9—SANTA FE — More than two years into the COVID-19 pandemic, some New Mexico state employees who have been allowed to work from home are being told to come back to the office, and remote ...
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