Ask Experts Questions for FREE Help!
 
Free Answers in 3 Easy Steps

Register Now		 3 Steps
 
Ask QuestionsprogressAnswer QuestionsprogressBuild ReputationprogressBecome an Expert
 
At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to:
  • Get free answers from experts in any of our 300+ topics.
  • Accept money for answers that you provide.
  • Communicate privately with other members (PM).
  • See fewer ads.
  Answer this Question    Ask about Taxes    Ask about another Subject  
 
PDA

CmdrTaco
Jan 10, 2009, 10:24 AM
i want to open a bank account and a CD in another state. how do i find out if i owe income tax to that state?

also, at some point i will move out of the usa (I am a US citizen). Besides Fed income tax, which you have to pay no matter where you live in the world, will i have to pay state income tax on my bank accounts?
MukatA
Jan 10, 2009, 08:30 PM
On your resident state, you must report your worldwide income.
AtlantaTaxExpert
Jan 12, 2009, 12:59 PM
I know of no state that taxes CD interest for out-of-state residents.

As MukatA said, you pay taxes on all world-wide income to the state in which you LIVE!