Some calculators may use taxable income when calculating the average tax rate. This calculator estimates the average tax rate as the state income tax liability divided by the total gross income.

Schedule K-1 details income from pass-through entities for tax reporting. Investors must allocate K-1 income by state to meet nonresident ... Could Do Online How to Calculate the Number of Shares ...

State and local taxes you pay are deductible if you itemize on your federal income tax return ... agent or other tax professional can help you calculate it, or a tax software program such as ...