What is local income tax line 19?
Box 19: Box 19 reports the total amount of taxes withheld from your paychecks for local, city, or other state income taxes. This amount may be deductible as part of the deduction for state and local income taxes on Schedule A.
What does local income tax mean on W-2?
Local wages, tips, etc: The total local taxable gross pay you received. 19. Local income tax: The total local income tax withheld from your compensation. 20. Locality: If you live and/or work outside of California and the locality that you reside in requires withholding, the locality name will be displayed.
Why is there no local income tax on my W-2?
That’s very normal. Because the local wages, tips, etc are almost always the same amount as state wages and federal wages, many payroll companies leave that box blank. Don’t worry – you’ll still get credit for the local taxes paid on Schedule A.
What does local income tax mean?
Local income tax is a type of tax some local governments impose on people who live or work in a specific area. The local income tax is in addition to federal income and state income taxes. Only localities in states with state income tax impose a local income tax.
What is an example of a local tax?
A local tax is an assessment by a state, county, or municipality to fund public services ranging from education to garbage collection and sewer maintenance. Local taxes come in many forms, from property taxes and payroll taxes to sales taxes and licensing fees.
What is a local income tax?
In different states, local income taxes are levied on all income, earned income, or interest and dividend income. Some jurisdictions impose payroll taxes or dollar-denominated employment or occupational privilege taxes in lieu of a traditional income tax.
What are local income taxes?
Do I have to file local taxes?
Yes. If you live in a jurisdiction with an Earned Income tax in place and had wages for the year in question, a local earned income return must be filed annually by April 15, (unless the 15th falls on a Saturday or Sunday then the due date becomes the next business day) for the preceding calendar year.
What is state and local income tax?
Is income tax a local tax? Local income tax is a type of tax some local governments impose on people who live or work in a specific area. The local income tax is in addition to federal income and state income taxes. Only localities in states with state income tax impose a local income tax.