Archive for July, 2007

 

What taxes does the state of Illinois take out of you paycheck?

Saturday, July 21st, 2007
taxes
illcallyou asked:


What taxes does the State of Illinois take out of your paycheck and why? And how much does each tax (percentage wise) take from your paycheck? (Example: Medicare 2% of total earnings, etc.)

 

Pay more taxes if you live work in different states?

Friday, July 20th, 2007
taxes
honey asked:


My fiance and I live in Nebraska, he works in Iowa. I have heard that he has to pay taxes in both states. Is this true? If so, will the credit issued for payment to one state equal the additional taxes paid to the other state? Will he wind up paying more combined taxes, than if we just lived in the same state he works in? We are not yet homeowners, but when we do buy, will the deduction for our mortgage interest in Nebraska be credited toward the taxes owed in Iowa?

 

Can I get a tax rebate for local taxes paid where I am employed if I am working in a non tax location?

Monday, July 9th, 2007
taxes
mark w asked:


I live in a township so there are no local income taxes for my residence.
The income tax is paid to the city where my office is located.
I do service work so am out of the state and or country much of the year.