The 7 States with No State Income Tax in 2020 include (Remember the acronym WWF TANS):
ashington –> No State Income Tax W
yoming –> No State Income Tax W
lorida –> No State Income Tax F
exas –> No State Income Tax T
laska –> No State Income Tax A
evada –> No State Income Tax N
outh Dakota –> No State Income Tax S
7 States with NO Income Tax
Tennessee Taxes unearned income less each year by 1% until the tax is eliminated at the start of 2021, and New Hampshire Taxes dividends and interest.
Please contact the office of Don Fitch Accountancy at (760)567-3110 or Email Don.Fitch@CPA.com if you have any questions or would like additional information.
DON FITCH, CPA
74478 Highway 111 #3 Palm Desert, CA 92260
Toll Free: (877)CPA-Help or (877)272-4357
Cell: (760)567-3110 Fax: (760)836-0968
This blog post is intended to serve solely as an aid in continuing tax education for Don Fitch Accountancy blog and email members. Due to the constantly changing nature of the subject of the materials, this product is not appropriate to serve as the sole resource for any federal tax, accounting opinion, tax return position, and must be supplemented for such purposes with other current authoritative materials. The information in this blog post has been carefully compiled from sources believed to be reliable, but its accuracy is not guaranteed. In addition, Don Fitch Accountancy is not engaged in rendering legal or other professional services and will not be held liable for any actions or suits based on this blog post, email, or comments made during the above presentation. If legal advice or other expert assistance is required, seek the services of a competent professional.
(Updated 02/27/2021 08:19)