State Income Tax on Rental Income
Nine states impose no state income tax. Only local tax and federal taxes are due:
- Alaska,
- Florida,
- Nevada,
- South Dakota,
- Texas,
- Washington
- Wyoming,
- Tennessee
- New Hampshire.
In any other state, you will need to file a state tax return based on the federal return, you can expect a tax rate between 0% and 10%.
If you own properties in several states, you will need to determine the income or loss attributable to each state.
