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Barbara Weltman

Big Ideas for Small Business

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Relief for those working out-of-state

August 5, 2015 / By Hudson Fusion

A pending bill called Mobile Workforce State Income Tax Simplification Act of 2015 (H.R. 2315) would bar states from taxing those (other than professional athletes, entertainers, or public figures) who work within their borders for fewer than 31 days. While the measure would not impact federal income taxes, the Congressional Budget Office estimates that some states (e.g., NY) would lose considerable revenue, while other states (e.g., NJ) would gain. The measure would simplify things for employers who would not be required to withhold income taxes for the other states.

Did you know … there are more new posts on my blog each and every week? Yes, you’ll find critical updates, practical help and essential information to assist you in your small business today!

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Small business ideas, business tax news and small business consulting from Barbara Weltman to provide business owners with the information they need to succeed. Visit our small business blog, Idea of The Day®, small business books and articles on small business taxes, small business finance and small business legal advice.

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