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State tax filing
For Pennsylvania the income reported on the federal return is taxable with these exclusions:
1. Taxpayers may exclude from compensation qualified payments to IRC Section 125 (cafeteria) plans for programs covering hospitalization, sickness, disability or death.
2. Excluded from Pennsylvania-taxable income are capital gains from the sale of a principal residence for all taxpayers who satisfy ownership and use requirements.
3. Taxpayers may also exclude from income personal use of employer-owned property.
As to why TurboTax is saying you owe 3 times your income in state taxes, I don't know. Start double checking everything. Open you PA form and check line-by-line that the amounts were entered and transferred correctly.
1. Taxpayers may exclude from compensation qualified payments to IRC Section 125 (cafeteria) plans for programs covering hospitalization, sickness, disability or death.
2. Excluded from Pennsylvania-taxable income are capital gains from the sale of a principal residence for all taxpayers who satisfy ownership and use requirements.
3. Taxpayers may also exclude from income personal use of employer-owned property.
As to why TurboTax is saying you owe 3 times your income in state taxes, I don't know. Start double checking everything. Open you PA form and check line-by-line that the amounts were entered and transferred correctly.
‎June 1, 2019
11:30 AM