Tennessee - No tax on wages
New Hampshire - No tax on wages
Certain restrictions apply to some states, such as age, how much income can be excluded, and other factors.
I will update this page as we get closer to the filing year.
Many taxpayers have encountered individuals impersonating IRS officials – in person, over the telephone and via email. Don’t get scammed. The IRS wants you to understand how and when the IRS contacts taxpayers and help you determine whether a contact you may have received is truly from an IRS employee.The IRS initiates most contacts through regular mail delivered by the United States Postal Service.However, there are special circumstances in which the IRS will call or come to a home or business, such as when a taxpayer has an overdue tax bill, to secure a delinquent tax return or a delinquent employment tax payment, or to tour a business as part of an audit or during criminal investigations
Even then, taxpayers will generally first receive several letters (called “notices”) from the IRS in the mail.
The IRS does not:
#1. Contribute to an IRA, 401K, 403B, 457 plan before you do any other kind of after tax savings for retirement! then contribute to a HSA or FSA for your health expenses
HSA - The amount you or any other person can contribute to your HSA depends on the type of HDHP coverage you have, your age, the date you become an eligible individual, and the date you cease to be an eligible individual. For 2016, if you have self-only HDHP coverage, you can contribute up to $3,350. If you have family HDHP coverage, you can contribute up to $6,750
FSA-You don’t pay federal income tax or employment taxes on the salary you contribute or the amounts your employer contributes to the FSA. However, contributions made by your employer to provide coverage for long-term care insurance must be included in income
Five Tax Credits that Can Reduce Your Taxes
Tax credit reduces the amount of tax you must pay. A refundable tax credit not only reduces the federal tax you owe, but also could result in a refund.Here are five credits the IRS wants you to consider before filing your 2012 federal income tax return: