Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
dkschmick
Level 1

Moved to a new state

I moved from Oregon to North Carolina and bought a home on 6/10.  What do I need to know when filling my 2021 taxes?  And I am retired and I receive a retirement pension from CA and I’m on SS.  

1 Best answer

Accepted Solutions
slaudenslag
Employee Tax Expert

Moved to a new state

For your 2021 tax year, you will need to file your federal return and part year resident returns for Oregon and North Carolina.  Your taxable income will need to be allocated based on the percentage of time spent in each state.  I see in your post below that you have social security income.  The state of Oregon and North Carolina do NOT tax social security so that income will be tax free in both states.

 

Congratulations on your home purchase!  For tax purposes, you will want to watch for your mortgage interest statement which will report your points (if any), interest and property taxes paid for the year.  These expenses can be added to your itemized deductions.  Your itemized deductions will be compared to the standard deduction to see which deduction provides you the most benefit.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
slaudenslag
Employee Tax Expert

Moved to a new state

For your 2021 tax year, you will need to file your federal return and part year resident returns for Oregon and North Carolina.  Your taxable income will need to be allocated based on the percentage of time spent in each state.  I see in your post below that you have social security income.  The state of Oregon and North Carolina do NOT tax social security so that income will be tax free in both states.

 

Congratulations on your home purchase!  For tax purposes, you will want to watch for your mortgage interest statement which will report your points (if any), interest and property taxes paid for the year.  These expenses can be added to your itemized deductions.  Your itemized deductions will be compared to the standard deduction to see which deduction provides you the most benefit.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.48m
Members

2.61m
Discussions

Manage cookies
v