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State Tax - Filing State Income Taxes and Getting Your Refund Just Got Easier and Faster State Tax filing is a fact of life for most US citizens. Right around springtime is the deadline for getting this burden out of the way, along with the federal taxes. It is a chore that just must be done.
Fortunately, software for filing taxes like TurboTax has made it easier to fill out the forms, simplified getting all the deductions that you have coming, and sped up the process of receiving your refund. Some facts about state income taxes follow. Did you know that seven states levy no state tax on income at all? Those states are: Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming. In New Hampshire and Tennessee there is state income tax on dividends and interest income only. Seven states tax income at a flat rate, which ranges from 3% in Illinois to 5.3% in Massachusetts. Rhode Island stands out with the state tax equaling 25% of the federal tax liability. The rest of the states have tax rates varying by income bracket. For lower income earners, state taxes range from zero in South Carolina and less than one half of 1% in Iowa, to 6% in North Carolina. The maximum rate for higher income earners runs from 3% in Illinois to 5.3% in Massachusetts. You are encouraged to check out TurboTax to get your taxes out of the way as quickly and painlessly as possible.
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