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If you earn income in a state other than the state where you live, you may have to pay income taxes both to the state where you earned the income and to your home state. You must pay income taxes on the total amount of income you earn to the state where you reside if that state imposes income tax.
You must begin taking RMDs at age 70.5 or face a tax penalty. The current tax penalty for failing to take RMDs on time is 50% of the amount you were required to withdraw. Depending on state tax laws ..
When we launched AZ Data Central, the idea was to bring you more useful information for how you live. Now we’re launching one of our biggest data sets yet: salary information for more than 154,000.
If you rent out your house, you will most likely have to report your rental income and expenses on both your old state and your new state income tax returns. However, your new state will most likely allow you a credit for the taxes you pay to your old state because of the rental property income.