DCSportbikes.net  
» Help Support .NET!
DCSportbikes Premier Membership for 25$ per year. Discounts! Click here for full information.

Now available in the .NET Shop:



Get your DCSBN Gear!
» Shoutbox
Sorry, only registered users have the ability to use our real-time shoutbox to chat with other members.

Register now, it's free!
» Online Users: 552
0 members and 552 guests
No Members online
Most users ever online was 4,519, September 2, 2015 at 03:26 AM.
Go Back   DCSportbikes.net > Non-Sportbike Forums > Non-Sportbike Chat

Reply
LinkBack Thread Tools
State Tax Question
Unread
  (#1)
Track Ho
 
r6hokie's Avatar
 
Posts: 4,818
Join Date: August 7, 2003
State Tax Question - April 12, 2007, 09:33 AM

I have lived in Virginia the last 12 years and will continue to live here. If I take a job in MD do I pay MD state tax or VA state tax or both? Federal tax is the same mostly. Who here lives in Virginia and works in MD?

and just fyi this is for next years filing, yes I already sent in this year's taxes lol


"I am officially retired so please don't ban me"
  Send a message via AIM to  
Reply With Quote
Unread
  (#2)
DAS BOOT
 
LadyK's Avatar
 
Posts: 13,986
Join Date: June 28, 2004
Location: Hell, need some suntan lotion?
April 12, 2007, 09:34 AM

I think it is based on where you live....isn't it? I had to do this two years ago for Chris, because he worked in Bethesda, and I do not recall needing to get a MD form for his state taxes. So I will go with no.


Wow. Just..................wow.
  Send a message via AIM to  
Reply With Quote
Unread
  (#3)
Ling Long
 
YaoMatt's Avatar
 
Posts: 6,183
Join Date: June 13, 2006
April 12, 2007, 09:40 AM

They'll take the taxes out for the state you're a resident of as long as you give them the proper information.

Otherwise, they take the taxes out for the state you live.


U
C
Lots of
Asians
  MySpace.com Page Send a message via AIM to Send a message via Yahoo to YaoMatt Send a message via AIM to YaoMatt Send a message via MSN to YaoMatt  
Reply With Quote
Unread
  (#4)
Licensed Rider
 
Posts: 107
Join Date: March 28, 2005
Location: arlington, va
April 12, 2007, 10:28 AM

If you live in a reciprocal tax state and work in another reciprocal tax state you don't have to file a return with the state in which you work in. There is reciprocity between va, md, dc so you only have to file one return...unless your employer f'd up and took out taxes for the state you are working in or both states

I live in md, but work in va. so my employer only took out MD state tax and that is all I have to pay. I don't have to file a return with VA. If my employer had taken out both md and va taxes I would be able to get all of the money that VA had taken back.
  Send a message via AIM to  
Reply With Quote
Unread
  (#5)
GP Champ
 
CookieMonster's Avatar
 
Posts: 3,240
Join Date: September 20, 2005
Location: Hell, apparently
April 12, 2007, 10:32 AM

PLEASE make sure that your employer is taking out the CORRECT tax for the state in which you live -- in your case, Hokie, make sure they're taking out VA tax! It's a huge cluster foxtrot to try and correct it after the fact.


Talk nerdy to me



It's not how many times you get knocked down,
it's how many times you get back up!
  MySpace.com Page Send a message via AIM to  
Reply With Quote
Unread
  (#6)
GP Racer
 
Suzuki Princess's Avatar
 
Posts: 1,235
Join Date: April 23, 2006
Location: Laurel, MD
April 12, 2007, 10:43 AM

I live in Va and I work in Maryland, I pay Va taxes. If the employer is not set up to take out VA state taxes, then no state taxes will be deducted from your check, and you will responsible to pay your own VA taxes.. but they will only be Va taxes.
  MySpace.com Page Send a message via AIM to Send a message via Yahoo to Suzuki Princess  
Reply With Quote
Unread
  (#7)
Officially Addicted to Posting
 
rddy's Avatar
 
Posts: 6,622
Join Date: October 1, 2002
Location: Boston, MA area
April 12, 2007, 12:25 PM

In general, what was said above is correct. You should provide your employer a completed form MW 507 (they should be aware of this and ask for it, but if not, give it to them anyway).

If they are not registered to withhold VA taxes, you will probably need to make quarterly estimated payments. With respect to the final payment, be sure to figure out how much VA taxes you think you will owe and pay that amount to VA as an estimated payment before the end of the year so that you can deduct such taxes on your return for that year. If you wait until you file the return the following year to pay any VA taxes, you will not be able to deduct them until the year they were paid.

Last edited by rddy; April 12, 2007 at 02:40 PM..
  Send a message via AIM to Send a message via AIM to rddy  
Reply With Quote
Unread
  (#8)
Track Ho
 
r6hokie's Avatar
 
Posts: 4,818
Join Date: August 7, 2003
April 12, 2007, 12:45 PM

thanks rddy, I do itemize and that is a very good tip


"I am officially retired so please don't ban me"
  Send a message via AIM to  
Reply With Quote
Unread
  (#9)
This Ain't My First Time!
 
cf3232's Avatar
 
Posts: 1,150
Join Date: September 15, 2005
Location: Great Falls, VA
April 12, 2007, 01:12 PM

Where you live.


OVER? did you say "Over"? Nothing is over until we decide its over, was it over when the Germans bombed Pearl Harbor? Hell No!!!

~Blutarski~

Dodge131:
If your goal is to scrape knee within 1 mile of your house then you sir have a problem.

Men have two emotions: Hungry and Horny. If you see him without an erection, make him a sandwich.
  MySpace.com Page Send a message via AIM to  
Reply With Quote
Reply


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Powered by vBadvanced CMPS v3.2.3


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO 3.6.0
vBulletin Skin developed by: vBStyles.com
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest 2002-2010 by DCSportbikes.net. DCSportbikes.net is owned by End of Time Studios, LLC.