Yes. State law requires Pennsylvania residents with earned income, wages and/or net profits, to file an annual local earned income tax return and supply income and withholding documentation, such as a W-2. Even if you have employer withholding or are not expecting a refund, you must file an annual tax return.
Consequences of Filing Taxes Late The failure-to-file penalty is a 5% per month penalty that can last up to 5 months from the April 15th filing date, or 25% of your total tax bill.
Photocopies of your Form(s) W-2 (be sure the information is legible), or your actual Form(s) W-2. Include a statement to list and total your other taxable compensation. You must submit photocopies of your Form(s) 1099-R, 1099-MISC, 1099-NEC, and other statements that show other compensation and any PA tax withheld.
(b) A person who willfully fails to file a return, files a fraudulent return or attempts to evade or defeat the tax, shall be guilty of a misdemeanor and upon conviction be subject to fines or be imprisoned as provided for in the law, or both.
If the COD relates to a personal, nonbusiness debt, such as personal credit card debt, then the COD is not taxable for Pennsylvania personal income tax purposes. If the debt forgiveness was related to business, profession or farm income in the past, then the income is reported in that class of income.
How is the penalty and interest accrual calculated for earned income and local service taxes? Penalty accrues at the rate of 1.0% per month, not to exceed 15% of the original face tax. Additionally, statutory interest accrues monthly at the rate established by the PA Department of Revenue.
How to Read Your Credit Card Statements Account Information. The top of the statement may include your name, address, account number and the date range for the billing cycle. Summary of Account Activity. Payment Information. Account Notifications. Transactions. Interest, Fees, and Interest Rates. Rewards.
If you are a PA resident, nonresident or a part-year PA resident, you must file a 2024 PA tax return if: You received total PA gross taxable income in excess of $33 during 2024, even if no tax is due with your PA return; and/or.
If you were under 65 at the end of 2024 If your filing status is:File a tax return if your gross income is: Single $14,600 or more Head of household $21,900 or more Married filing jointly $29,200 or more (both spouses under 65) $30,750 or more (one spouse under 65) Married filing separately $5 or more1 more row •
Depending on how you have opted to receive it, you will get the Credit Card statement via courier at your correspondence address or as an email statement or both. You can also view your Credit Card statement online (via NetBanking if you are using an HDFC Bank Credit Card).