Unique Skill ID: KS440XV6XK55K4NJC6R0

State Income Tax

Most individual U.S. states collect a state income tax in addition to federal income tax. The two are separate entities. Some local governments also impose an income tax, often based on state income tax calculations. Forty-two states and many localities in the United States impose an income tax on individuals. Eight states impose no state income tax, and a ninth, New Hampshire, imposes an individual income tax on dividends and interest income but not other forms of income. Forty-seven states and many localities impose a tax on the income of corporations.

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ASC 740 (Accounting For Income Taxes)
Accounting For Income Taxes
Corporate Tax
Deferred Tax
FIN 48
Federal Income Tax
Franchise Tax
Tax Accounting
Tax Provision
Tax Research

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