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amina9511
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My state tax for NC looks wrong only lived there two months

 
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15 Replies

My state tax for NC looks wrong only lived there two months

Be sure you are filing a part year resident return there.  Did you work there all year?
amina9511
New Member

My state tax for NC looks wrong only lived there two months

I only worked there Jan 1 st to March 4 th
amina9511
New Member

My state tax for NC looks wrong only lived there two months

It’s saying I owe NC 748$

My state tax for NC looks wrong only lived there two months

Did you have NC taxes withheld? How much was your NC income?
amina9511
New Member

My state tax for NC looks wrong only lived there two months

I paid 864$ in taxes income was only 17000$
amina9511
New Member

My state tax for NC looks wrong only lived there two months

I only lived there two months

My state tax for NC looks wrong only lived there two months

It's really hard to know.....IF you were a full-year resident, your tax total would be ~$450.  But part-year tax returns don't work that way.

For a part-year resident ....All your income for the entire year is included on the form D-400 down to line  12.  Then line 13 is a decimal multiplier that reduces the taxable income by the % of total taxable income income that was earned in NC, to produce an effective NC taxable income on line 14......and that is the taxable income that the ~5% NC tax is applied to.

The multiplier on lien 13 depends on you going thru and assigning  the proper $$ as being NC income, or not NC income, during the NC interview.

BUT..I suspect you haven't gone thru the NC interview to do the Income allocations yet...or have not done them properly since the tax you see does seem to be too much.  

Run thru the entire NC interview again> when you get to the income allocations boxes, you enter the sub-portion of Fed income  that was NC income in the "North Carolina Resident" column.   The "North Carolina Income While nonresident" is usually all zero's
............(Unless you had income produced in NC after you moved out...normally that last column is just for people who had a rental property in NC after leaving)
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

My state tax for NC looks wrong only lived there two months

Was $17,000 your total income for the year, or just the part while in NC?
amina9511
New Member

My state tax for NC looks wrong only lived there two months

Just in NC

My state tax for NC looks wrong only lived there two months

@SteamTrain Is the NC Standard Deduction pro-rated by the length residency?

My state tax for NC looks wrong only lived there two months

NC Standard Ded (Single) = $8,750

My state tax for NC looks wrong only lived there two months

No...by Date $$ are received or posted to an account..  

Thus late year mutual fund distributions tend to go with one state or another.

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

My state tax for NC looks wrong only lived there two months

Then it looks correct: 864 divided by 17,000 equals 5%.

North Carolina state income tax rate table for the 2018 - 2019 filing season has one income tax bracket or a flat NC tax rate of 5.499% for Single, Married Filing Jointly, Married Filing Separately, and Head of Household statuses.

My state tax for NC looks wrong only lived there two months

Sorry, I misread. You said you paid $864 and now owe another $748, so total is $1612.
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