income tax, tax preparation and Utah

The accountant’s guide to state taxes on retirement income

ThomsonReuters

APRIL 25, 2024

As an accountant, understanding state tax considerations for various sources of retirement income — including pensions, Social Security benefits, 401(k) and IRA distributions, Thrift Savings Plans (TSPs), and military retirement income — is crucial in helping your clients minimize their tax liability and make the most of their golden years.

South Dakota

South Dakota Rhode Island New Hampshire Wyoming

Some States Are Considering Shelving the Grocery Tax

CPA Practice

JANUARY 23, 2023

Grocery taxes that remain are “there for a reason. They’re needed as part of the revenue system, or because [elected officials] would rather cut other taxes,” such as the income tax, Auxier said. Tennessee, which dropped its grocery sales tax from 5% to 4% in 2017, lifted the tax for a month last August.

Idaho

Idaho South Dakota Tax Kansas

Accountant Advocate

The accountant’s guide to state taxes on retirement income

Some States Are Considering Shelving the Grocery Tax

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