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Delaware State Taxes Article
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4 Important Facts about PA State Taxes
from: www.TaxesExposed.comAn overview of PA State taxes can be found below:
1) Personal Income Tax
Pennsylvania has a flat tax rate of 3.07 percent on individual income, with no personal exemptions. Taxes on county, municipal and school district are also collected. However, Pennsylvanians who live on a modest income may qualify for the state's Tax Forgiveness Credit. Returns of PA State taxes are due on April 15, or the next business day if that date falls on a weekend or holiday.
2) Sales Tax
Pennsylvania imposes a 6 percent state sales tax on taxable goods and services. A local sales tax of 1 percent is collected on sales of taxable goods and services initiated from a location in Philadelphia and Allegheny counties. Major items exempt from sales tax include raw food, apparels, drugs, textbooks, sales for resale and residential heating fuels.
3) Personal and Real Property Taxes
Pennsylvania does not levy taxes on real estates or personal properties. Those taxes are reserved for the local governments such as counties, municipalities and school districts. Usually, all three districts levy real estate or property taxes, so you will need to know what county, school district and municipality you live in.
Municipalities are permitted to levy real estate property taxes that cannot exceed 30 mills on the assessed value of the property without special permission of the courts. More information on this measure is available at the Pennsylvania Department of Education website.
The state's Property Tax/Rent Rebate program is available to qualified seniors and permanently disabled citizens. It is funded by the Pennsylvania Lottery and administered by the PA Department of Revenue. Qualified taxpayers can reimburse up to $650 a year for the amount they paid in property taxes or rent in the previous year. Local governments can impose a variety of local taxes, from the earned income tax to the real property tax to various other taxes. Employers are required to withhold from employees earned income and emergency and municipal services taxes imposed by municipalities and school districts.
4) Inheritance and Estate Taxes
Pennsylvania collects an inheritance tax. It has an estate tax based on a decedent's total gross estate and limited to the credit for state death taxes allowed on the federal estate tax return. However, since the federal credit for state estate tax payments has been phased out, the Keystone State's estate tax is not imposed.
Other Facts about PA State Taxes
Taxpayers can track the status of the refunds of their PA State taxes online. To collect unpaid state taxes, the Pennsylvania Department of Revenue publishes a list of delinquent sales and employers withholding tax accounts. Active full-time military pay is not taxable for Pennsylvania purposes if earned outside the state by a Pennsylvania resident.
Christine Gray is a recognized authority on the subject of Online Taxes. Her website Taxes Exposed provides a wealth of information on everything you will need to know about State Taxes. All rights reserved. Articles may be reprinted as long as the content and links remains intact and unchanged.
Delaware State Taxes News
Corbett's no-tax increase budget hikes public school funds, slashes higher ed ... - Allentown Morning Call
 Centre Daily Times | Corbett's no-tax increase budget hikes public school funds, slashes higher ed ... Allentown Morning Call Tom Corbett on Tuesday delivered a $27.14 billion, no-tax increase state budget for 2012-13 that increases public school funding but includes big cuts in the state-sponsored university system, and further reduces spending on public welfare programs ... Corbett budget seeks spending cuts, plans no tax hike Gov. Tom Corbett Unveils 2012-2013 Budget Corbett should impose drilling tax |
In floor speech, Senator Coons calls for new research and development tax ... - Newark Post
In floor speech, Senator Coons calls for new research and development tax ... Newark Post You have to have a tax liability on your profits for that credit to be of any value to you. That's a roadblock in the way of success for startups and small businesses in Delaware and around the country, and a place where I think we can and should come ... Coons: Support the Future of American Innovation |
Tourism has big impact in Delaware resort towns BY THE NUMBERS - Bethany Beach Wave
Tourism has big impact in Delaware resort towns BY THE NUMBERS Bethany Beach Wave Tourism generated $400 million in state and local government taxes and fees in 2010 and is the third largest private employer in the state. Without tourism in Delaware, each household would pay $114 more in taxes, the study says. Study says tourism is Delaware's 3rd largest private employer, a growing force ... |