Get PA DoR RCT-121C 2014

A Pennsylvania resident can receive a credit for income tax, wage tax or other tax (measured by gross or net earned or unearned income) paid to another state when the other state imposes its tax on income also subject to PA personal income tax in the same taxable year.

Estates and trusts must total the allowable credit from Line 6 of all PA Schedules G-S and/or G-L and enter the total on Line 13 of Form PA-41, the fiduciary income tax return. PA income tax law does not allow a resident credit for taxes paid to political sub- divisions of other states.

A Pennsylvania resident taxpayer who has non-Pennsylvania sourced income subject to both Pennsylvania personal income tax ( PA PIT ) and the income or wage tax of another state (according to Pennsylvania sourcing rules) on the same income during the same taxable year, can claim a credit for the tax paid to the other ...

Pennsylvania personal income law does not allow deductions for charitable contributions. For tax year 2007, Section F, Line c was removed from PA-20S/PA-65 Schedule M. ... Federal charitable contributions require the taxpayer to receive or expect to receive no financial or economic benefit in order to be deductible.

To get credit for the income tax paid to New Jersey complete Schedule G-L, Credit for Taxes Paid by PA Resident. PA law allows a resident credit on your PA-40 income tax paid to another state, when...

The Pennsylvania state income tax rate is currently 3.07%. The local income tax ranges from 1% to nearly 4%. In some municipalities, the Local Earned Income Tax is capped at 2%. More on Pennsylvania taxes can be found in the tabbed pages below.

Unlike many other states, Pennsylvania does not have a separate state equivalent to Form W-4, but instead relies on the federal form. You can download blank Forms W-4 from irs.gov. Clearly label W-4s used for state tax withholding as your state withholding form.

New employers use 3.6890% except construction employers who pay 10.2238% for 2019. Employee rate - .06% for 2019 is withheld from gross wages. This tax is to be remitted to the Department with the employer's quarterly unemployment tax.

Major items exempt from the tax include food (not ready-to-eat); candy and gum; most clothing; textbooks; computer services; pharmaceutical drugs; sales for resale; and residential heating fuels such as oil, electricity, gas, coal and firewood. The Pennsylvania sales tax rate is 6 percent.

Pennsylvania personal income tax is levied at the rate of 3.07 percent against taxable income of resident and nonresident individuals, estates, trusts, partnerships, S corporations, business trusts and limited liability companies not federally taxed as corporations.

Nontaxable or Partially Taxable Dividends. An exempt-interest dividend paid after Jan. 1, 1993 is not taxable under Pennsylvania personal income tax law. ... However, the amount designated as capital gains is fully taxable as dividend income for Pennsylvania personal income tax purposes.

Dividends from PA tax-exempt obligations. ... Dividends distributed under a charitable gift annuity are not taxable dividend income for PA personal income tax purposes. However, distributions are taxable to the extent they are taxable for federal income taxes purposes as interest income on PA Schedule A, Line 4.

Personal Income Tax. Pennsylvania personal income tax is levied at the rate of 3.07 percent against taxable income of resident and nonresident individuals, estates, trusts, partnerships, S corporations, business trusts and limited liability companies not federally taxed as corporations.

While exempt-interest dividends are not subject to federal income tax, they may still be subject to state income tax or the Alternative Minimum Tax (AMT). The dividend income must be reported on the income tax return, and it is reported by mutual funds on Form 1099-INT.

In general, yes. Pennsylvania does not give a specially favorable tax treatment on qualified dividends or long-term capital gain as does the Federal return. Unless you receive a written notification that any qualified distributions may be excluded from PA income, they are included for PA tax.