Search results
Results from the WOW.Com Content Network
Hybrid and remote workers who commuted to another state to work in 2023 may face an ugly surprise for tax season: double state taxation. ... "the Illinois resident pays tax to the state where they ...
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 ...
For premium support please call: 800-290-4726 more ways to reach us
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.
Illinois is one of 11 U.S. states with a flat income tax; seven states have no income tax; 32 other states use graduated income taxes, which tax higher incomes at a higher rate. [5] The last state to switch from a flat state income tax to a graduated state income tax was Connecticut in 1996.
Uniform sales sourcing rules For in-state sales, the seller would be expected to collect the tax rate for the vendor location. This is defined as "origin" sourcing. For sales into a state from a remote seller, the vendor would collect the applicable statewide rate for the destination state. This is defined as "destination" sourcing.
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.
For premium support please call: 800-290-4726 more ways to reach us