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My only income last year was $10,000. It was a withdrawal from a Traditional Inherited IRA. Do I pay PA tax on that? I'm single.
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My only income last year was $10,000. It was a withdrawal from a Traditional Inherited IRA. Do I pay PA tax on that? I'm single.
See:
If the 1099R from the Traditional IRA provider, box 7, is coded a 4, it is not taxable by PA. If coded 4D however, it is an annuity and is taxable same as federal.
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My only income last year was $10,000. It was a withdrawal from a Traditional Inherited IRA. Do I pay PA tax on that? I'm single.
See:
If the 1099R from the Traditional IRA provider, box 7, is coded a 4, it is not taxable by PA. If coded 4D however, it is an annuity and is taxable same as federal.
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My only income last year was $10,000. It was a withdrawal from a Traditional Inherited IRA. Do I pay PA tax on that? I'm single.
No, if that's your Only income. Although described income is taxable, the amount is below the standard deduction ($12,000) for single filers on 2018 returns.You should file, though, to validate that you have no other income ...
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My only income last year was $10,000. It was a withdrawal from a Traditional Inherited IRA. Do I pay PA tax on that? I'm single.
Thank you, I know that is true on Federal Tax, but my question is for Pennsylvania State Tax.
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My only income last year was $10,000. It was a withdrawal from a Traditional Inherited IRA. Do I pay PA tax on that? I'm single.
PA requires you to file for any taxable income over $33. Since they also have an inheritance tax, you may have a small amount to pay (around 3%) ...
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