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How much can I expect out of my paycheck?

I live in Minnesota and work in GA and FL.

 

How many taxes are going to be taken out (bottom line) from my paycheck for each state?

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3 Replies

How much can I expect out of my paycheck?

No one here can answer you about how much tax will be owed to GA.  Nothing will be owed to Florida since FL has no state income tax.  You have provided too little information for us to answer you.  We do not know how much you earned in GA nor do we know anything else like your filing status, whether you have dependents, whether you will receive a W-2 or if you worked as an independent contractor.

 

If you live in MN then you will file a non-resident tax return for GA first then prepare your MN return.  You will not be double-taxed.  You will get credit from one state for the tax paid to the other state.  

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

How much can I expect out of my paycheck?

IF you were a W-2 employee for those jobs

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Florida, nothing since it does not have a personal income tax .

 

GA, no way to tell exactly, since it depends on how you filled out the GA withholding form G-4 that you gave to that employer......but GA taxes income at ~5.375% for 2020....but that would be on "taxable" income, after deductions and exemptions.

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Then, as a MN resident, your MN Resident tax return will calculate a tax on ALL of it, and will allow you to take a credit for the taxes you had to pay to GA .   Since FL has no taxes, you'll owe MN taxes on all of that income with no credit....so you might end up owing MN more than you expect, unless the FL earnings were fairly small.

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Now, that's just ~ how it would likely work out if you worked for different employers in those two states. 

 

IF you worked for a MN employer in MN, and that same employer sent you to FL and GA to work on different projects for the MN company, then you'd  probably have some MN state tax withholding from your paycheck during the MN and FL work, but less so when working in GA since the GA withholding should take over.....a lot depends on how adept the payroll department is on figuring proper state withholding based on where you worked for each pay period.  

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

How much can I expect out of my paycheck?

As others have indicated, you need to ask your employer what they intend to do about GA withholding.  Many employers will not go to the trouble of withholding for other (than your home) state(s).

 

You are not required to file a Georgia income tax return if your only activity for financial gain or profit in Georgia consists of performing services in Georgia for an employer as an employee when the compensation for services performed does not exceed the lesser of 5% of the income received in all places during the taxable year or $5,000.00. 

Refrence: https://dor.georgia.gov/filing-residents-nonresidents-and-part-year-residents-faq#:~:text=Nonresiden....

 

Also see http://money.cnn.com/2013/06/28/pf/taxes/business-traveler-tax-threat/  

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