State Tax Rates 2011

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 Not only do we pay Federal income tax most of us also pay state and local taxes. State income tax is allowed as a deduction when you’re preparing your Federal income tax return, with limitations for some individuals. When it comes to state tax there are a lot of variations for each state. 

Links to State Tax Rates:

State Links

 

 

 

 

 

 

 

 

 

 

 

A State Tax Rate Table is provided by the Federation of Tax Administrators for each state which comes in handy for a quick reference. You can choose between Individual State Income Tax Rates or Corporate State Tax Rates.

There are seven states without state income tax:

  • Alaska
  • Florida
  • Nevada
  • South Dakota
  • Texas
  • Washington
  • Wyoming

Two states that charge tax only on interest and dividend income:

  • New Hampshire
  • Tennessee

There are seven states that charge a flat State Tax Rate:

  • Colorado – 4.63%
  • Illinois – 5.0% (fluctuating year-to-year from 3.0 to 5.0)
  • Indiana – 3.4%
  • Massachusetts – 5.3% (Most types of income)
  • Michigan – 4.35%
  • Pennsylvania – 3.07%
  • Utah – 5%

Using TurboTax Online tax software is the best way to ensure you are up to date with the current state tax rates. File your state tax return today with full confidence.

TurboTax Online will calculate your income tax rate for you. Your federal information automatically transfers into TurboTax State.

TurboTax puts accurate figures on your tax forms with guaranteed accuracy. You are also guaranteed the biggest tax refund possible and if you get a bigger refund using another tax preparation method, then TurboTax will refund your money with no questions asked.