Ask Experts Questions for FREE Help !
Ask
    tokalm's Avatar
    tokalm Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Dec 2, 2010, 11:27 AM
    Do nonresidents pay a smaller percentage tax rate to MA
    I work for a MA company, if I move to NH will the percent of MA taxes I pay decrease being a nonresident?
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
    Expert
    		  
    #2

    Dec 2, 2010, 12:39 PM

    No. The tax rate on wages is a flat 5.3% regardless of residency status. However, as a non-resident you may be entitled to fewer deductions, so it's possible your tax bill may actually go up (the rental deduction for example applies only to people who rent in MA). On the other hand, as a NH resident you would not be taxed on any non-MA source income you may have (interest, dividends, capital gains, etc).
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

If real rate is 3% and inflation rate is 4.7% what rate would a treasury bill pay [ 2 Answers ]

Financial accounting help. If the real rate is 3% and inflation rate is 4.7% what rate would a treasury bill pay?

Interest rate 13%, Tax rate 0% -Calculate the after tax cost of debt [ 2 Answers ]

Interest rate 13% tax rate 0%. Calculate the after tax cost of capital

Trying to find percentage rate [ 2 Answers ]

OK, here is the thing, but it really isn't homework, more like curiosity. I am a mechanic, and I am well know (at least at the shop) for selling batteries. Now, I am curious as to how to find my battery selling percentage rate. For example, this month I tested 48 batteries, and of those 48, I...

Georgia tax filing for nonresidents [ 1 Answers ]

I am a student attending a GA college. My permanent residence is in another state. I earned less than 5,000 in GA, but it was about 39% of my total income. I am claiming a credit on the other state's tax form for taxes paid to GA, but it tells me I have to attach a GA tax return. I don't think I am...

View more questions Search