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Started By
Message
Taxes When working in another state
Posted on 7/6/15 at 10:04 am
Posted on 7/6/15 at 10:04 am
WE may be moving to SC and working in Georgia . Can someone explain in layman's how the taxes are treated??
Thanks in advance
Thanks in advance
This post was edited on 7/6/15 at 10:39 am
Posted on 7/6/15 at 10:07 am to ragacamps
quote:
WE may be moving to Georgia and living in South Carolina
One of these should say working, right?
Posted on 7/6/15 at 10:38 am to OnTheBrink
Sorry.
Yes. Working in Georgia and living in SC
Yes. Working in Georgia and living in SC
This post was edited on 7/6/15 at 10:54 am
Posted on 7/6/15 at 10:43 am to OnTheBrink
No not military. That would be easy. Florida. I was a resident of Florida while I was in the military.
No my wife is a food scientist and got offered a position in Augusta that I'm not sure we can't accept.
Also I posted this question in the ot, but I always value some of you guy's opinions on this board; where are some nice places to live in the augusta area?
Ive heard live in SC or west of Augusta.
Do You guys agree??
No my wife is a food scientist and got offered a position in Augusta that I'm not sure we can't accept.
Also I posted this question in the ot, but I always value some of you guy's opinions on this board; where are some nice places to live in the augusta area?
Ive heard live in SC or west of Augusta.
Do You guys agree??
This post was edited on 7/6/15 at 10:45 am
Posted on 7/6/15 at 11:02 am to ragacamps
quote:
No not military. That would be easy. Florida. I was a resident of Florida while I was in the military
I know people who live in TN but work in Kentucky at Fort Campbell as civilians but do NOT pay KY income taxes. Where I was going with that question, probably should have worded it differently.
I am also going to bow out cause I have no idea outside of what I listed above. Also, no clue on places to live.
Posted on 7/6/15 at 11:10 am to OnTheBrink
well we are going to rent for 6 months first to get a feel for the area. They are covering moving expenses up to 25k and that includes closing, agent commission, and movers.
So since we can offer to pay all closing cost, we feel selling our house for a good price for us will be hopefully a short wait.
But really Im confused on how the taxes work.
Do you have to pay taxes in both (doubt it)
]Do you get a credit in the state you live but pay in the state you work (most likely i thinK)
is there an agreement between the states?
If anyone has any understanding or experience with this type of situation please let me know..
So since we can offer to pay all closing cost, we feel selling our house for a good price for us will be hopefully a short wait.
But really Im confused on how the taxes work.
Do you have to pay taxes in both (doubt it)
]Do you get a credit in the state you live but pay in the state you work (most likely i thinK)
is there an agreement between the states?
If anyone has any understanding or experience with this type of situation please let me know..
Posted on 7/6/15 at 11:17 am to ragacamps
First of all, I would make sure to talk to the Department of Revenue equivalents for both states.
That being said, most if not all states receive taxes based on where it was earned. If you are working in Georgia, the company is withholding income from you and sending it, using withholding taxes, to Georgia's DoR.
When tax time comes, you should file a Georgia non-resident tax form, which will guide you on how to file, what to claim ect. After that, you should file your SC state tax form, and it should have some sort of way to claim taxes paid in another state. If SC has a higher tax rate, you may have to pay the difference, but yet again it depends on the state.
That being said, most if not all states receive taxes based on where it was earned. If you are working in Georgia, the company is withholding income from you and sending it, using withholding taxes, to Georgia's DoR.
When tax time comes, you should file a Georgia non-resident tax form, which will guide you on how to file, what to claim ect. After that, you should file your SC state tax form, and it should have some sort of way to claim taxes paid in another state. If SC has a higher tax rate, you may have to pay the difference, but yet again it depends on the state.
Posted on 7/6/15 at 11:23 am to ragacamps
quote:I think I remember you saying how your wife was in a rather limited field. Congrats to you both
No my wife is a food scientist and got offered a position in Augusta
Posted on 7/6/15 at 11:32 am to Jcorye1
Thanks. Im trying to find out if the two states have a tax agreement but am having problems finding trustworthy info. Ill call the local state office I guess.
But i remember when I lived in the midwest, Illinois for example had an agreement with nearly all the surrounding states. I think Minnesota had some sort of deal with Whisky and Iowa. I may be wrong on the latter but I remember someone telling me that, but Im sure of the Illinois situation.
From what Ive read, a large amount of workers who work on Augusta live either in the western subs or in South Carolina because outside of some very very high priced areas, Augusta isnt exactly a great city, much like BR.
But Ive been to Georgia many times and like almost every other state Ive lived in or stayed for a long period of time, Louisiana falls short in so many ways.
I remember in Minnesota, the roads, schools, cleanliness, education level of population, job opportunities, etc.., were lightyears ahead of my good ole home state of Louisiana.
I love it here but with so few large companies headquartered here, there just isnt enough tax revenue to build infrastructure, schools, etc.. compared to other states,
'
Georgia and Minnesota are similar in that regard. Both have large corporations located in the state. Minnesota was crazy. They had a lot there.
But with the offer she received, i just dont know how we pass it up. We could sell our house, pay off every penny of debt, and will almost double our income just with her salary. Once I find something, we will be making a lot more. Hell I can take a position making 50 or less to start while I look for something close to what I make now and we can be making a decent living. North of 140 household income. I know not Money Board baller status, but a large jump from where we are now. And my wife hasn't be able to find anything in her field here in almost 3 years. All the offers she has received have been from companies in states where we dont want to live. This is the first in a state we would move to and who knows when the next one in a desirable state will come.
But i remember when I lived in the midwest, Illinois for example had an agreement with nearly all the surrounding states. I think Minnesota had some sort of deal with Whisky and Iowa. I may be wrong on the latter but I remember someone telling me that, but Im sure of the Illinois situation.
From what Ive read, a large amount of workers who work on Augusta live either in the western subs or in South Carolina because outside of some very very high priced areas, Augusta isnt exactly a great city, much like BR.
But Ive been to Georgia many times and like almost every other state Ive lived in or stayed for a long period of time, Louisiana falls short in so many ways.
I remember in Minnesota, the roads, schools, cleanliness, education level of population, job opportunities, etc.., were lightyears ahead of my good ole home state of Louisiana.
I love it here but with so few large companies headquartered here, there just isnt enough tax revenue to build infrastructure, schools, etc.. compared to other states,
'
Georgia and Minnesota are similar in that regard. Both have large corporations located in the state. Minnesota was crazy. They had a lot there.
But with the offer she received, i just dont know how we pass it up. We could sell our house, pay off every penny of debt, and will almost double our income just with her salary. Once I find something, we will be making a lot more. Hell I can take a position making 50 or less to start while I look for something close to what I make now and we can be making a decent living. North of 140 household income. I know not Money Board baller status, but a large jump from where we are now. And my wife hasn't be able to find anything in her field here in almost 3 years. All the offers she has received have been from companies in states where we dont want to live. This is the first in a state we would move to and who knows when the next one in a desirable state will come.
Posted on 7/6/15 at 6:09 pm to ragacamps
I live in Evans,Ga.
It is basically a suburb of Augusta. Some people really like it here, some don't.
Schools are good. Evans is kind of "Generica" basically Chili's, Applebee's, etc.
It is basically a suburb of Augusta. Some people really like it here, some don't.
Schools are good. Evans is kind of "Generica" basically Chili's, Applebee's, etc.
Posted on 7/6/15 at 6:37 pm to ragacamps
Applying the general rules of state taxation, you will have to pay Georgia income tax as a non-resident on all of the income earned in Georgia. You will have to pay South Carolina income tax on all income earned everywhere. South Carolina will give you a credit for the income taxes you pay to Georgia so that you are not taxed twice on the same income.
Posted on 7/7/15 at 9:47 am to makersmark1
makersmark1
Is country place ln a nice area??
Is country place ln a nice area??
Posted on 7/7/15 at 9:53 am to Poodlebrain
Is the procedure markedly different if the taxing non resident state doesn't have an income tax?
You wouldn't have anything to show residing state to "credit" so I'm curious.
You wouldn't have anything to show residing state to "credit" so I'm curious.
Posted on 7/7/15 at 11:10 am to Teddy Ruxpin
Looks like the Georgia income tax is a percentage point lower than SC. I wonder how the difference is calculated
Posted on 7/7/15 at 11:11 am to Teddy Ruxpin
Looks like the Georgia income tax is a percentage point lower than SC. I wonder how the difference is calculated
Posted on 7/7/15 at 2:39 pm to Teddy Ruxpin
If you reside in the no income tax state then you pay the non-resident income tax to the state in which you work, and that is the end of things. If you work in a no income tax state, but live in a state with income tax, then you pay the income tax to the state you reside in. There is no credit for taxes paid to another state since you did not pay any tax to the no income tax state.
Posted on 7/8/15 at 1:06 am to Poodlebrain
That's what I figured. I hate when my intuition is right when it doesn't benefit me. Thanks
Posted on 8/5/15 at 9:53 am to ragacamps
It's ok, but best schools are lakeside and greenbrier high school
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