What happens if you live in SC but work in NC?

What happens if you live in SC but work in NC?

NC taxes just your NC job income and calculates a tax ……..and then AFTER that, you work on the SC resident tax return, which calculates a tax on ALL your income from everywhere…..including the NC wages….but then SC allows you to take a credit for the taxes you let NC keep.

Monetary requirements only apply to claimants on state UI not on the federal program, Pandemic Unemployment Assistance (PUA). Have at least $1,092 in covered employment (with an employer who paid UI taxes) during the base period’s* highest quarter. Have earned at least $4,455 from covered employment during the base period*.

There are FOUR criteria that you must meet to be eligible for unemployment benefits in North Carolina: You must be unemployed due to no fault of your own (DES will make this determination based upon information provided by you and your last employer); You must be considered monetarily eligible (earned sufficient wages to establish a claim);

Have lost your job through no fault of your own. South Carolina unemployment benefits are only paid to individuals who lose their job for a reason they cannot control, such as a lay off or company closure. Individuals who are fired for misconduct or quit their job voluntarily are not often eligible for benefits.

Congress passed a law in 2015 that forbids double taxation. This means that if you live in one state and work in another, only one state can tax you. On it, list only the income you earned in that state and only the tax you paid to that state. You’ll then file a resident state return in the state where you live.

In SC the sales tax is 6%, but the average combined state and local rate is 7.46%. In NC the rate is 4.75%, although the average combined rate is 6.98%.

Since the state you worked in North Carolina does not have a reciprocal agreement with your home state of South Carolina, you’ll have to file a resident tax return and a nonresident tax return.

If you earn income in one state while living in another, you should expect to file a tax return in your resident state (where you live). You may also be required to file a state tax return where your employer is located or any state where you have a source of income.

Yes, as long as your total yearly income (that includes everything) was above the NC-Limits for filing. including the NC wages….but then SC allows you to take a credit for the taxes you let NC keep. But the NC Nonresident tax return has to be done first to calculate that amount.

Yes… Absolutely you do. You have to file a Non-resident NC tax return for just the NC wages….then after that is done, you file a SC Resident tax return which taxes everything. Once SC calculates their tax, then they will allow you to take a credit for part or all the taxes you had to pay to NC.

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