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  • Pa Rev-1123 2015

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TO INSTRUCTION PAGE Irrevocable election to pass educational Improvement tax Credit (eItC)/opportunity Scholarship tax Credit (oStC) through to shareholders, members or partners. A separate election must be submitted for each year an EITC/OSTC is awarded and not used in whole or in part by the contributing entity. DO NOT INCLuDE ThIS ELECTION WITh yOuR TAx REPORT. SeCtIoN I Pass-Through Entity Name: START Date Received: Department use Only Address: Fax Number: Telephone Number: Emai.

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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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
PA REV-1123
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