A surge in immigration to the U.S. during the late 19th and early 20th centuries provided a steady flow of cheap labor for these industries, which often employed children and people who could not speak English from Southern and Eastern Europe. Much of Pennsylvania is rural; this dichotomy affects state politics and the state economy. Pennsylvania German is still very vigorous as a first language among Old Order Amish and Old Order Mennonites, principally in the Lancaster County and Berks County areas; it is almost extinct as an everyday language outside the plain communities, though a few words have passed into English usage. The southern portion of the state has a humid subtropical climate. When he sold it, the final sale price was $585,000, meaning Thomas realized $185,000 of capital gains. The treaty of William Penn was never violated. According to the Association of Religion Data Archives (ARDA) at Pennsylvania State University, the largest religious bodies in Pennsylvania by adherents were the Roman Catholic Church with 3,503,028 adherents, the United Methodist Church with 591,734 members, and the Evangelical Lutheran Church in America with 501,974 members. [208] The dam impounds the Allegheny River near Downtown Pittsburgh. [120], As of 2010, 90.2% (10,710,239) of Pennsylvania residents age five and older spoke English at home as a primary language while 4.1% (486,058) spoke Spanish, 0.9% (103,502) spoke German including Pennsylvania Dutch, and 0.5% (56,052) spoke Chinese, which includes Mandarin of the population over the age of five. [15] The first, the Lenape, spoke an Algonquian language and inhabited the eastern region of the state, then known as Lenapehoking. Transfer Tax Rate: 0.4% + 1% of the propertys sale price if over $1 million. Pennsylvania (/pnslveni/ (listen); Pennsylvania German: Pennsilfaani), officially the Commonwealth of Pennsylvania,[b] is a state spanning the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the United States. Hand off your taxes, get expert help, or do it yourself. [160], Pennsylvania is divided into 67 counties. [92], According to the [[United States Department of Housing and Urban Development|U.S. Do I have to pay capital gains taxes if I sell land in Florida? Since 2014, among the state's religious population, 73% were Christian, according to Pew Research Center. : 0.1% from the state, 0.1%-0.3% from the county, In addition to treating capital gains as income, Ohios state government levies the. Another major eastwest route is Interstate 80, which runs primarily in the northern tier of the state from Ohio to New Jersey at the Delaware Water Gap. According to Florida real estate legislation, partition deeds are generally not taxable under the Documentary Stamp Tax, unless under the specific circumstances outlined in, Pennsylvania legislation treats capital gains as income, subjecting them to the states individual income tax. Pennsylvania ranks 19th overall among all states in agricultural production. Computer hardware also . Ohio levies income taxes according to a five-bracket system. The younger Penn was embarrassed at this name, fearing that people would think he had named it after himself, but King Charles would not rename the grant. Residents of these municipalities and school districts are required to file a local income tax return in addition to federal and state returns. After a series of mergers, the Bank of North America is now part of Wells Fargo. , to report net gains and income from the dispositions of property, such as the sale of real estate. Over their respective histories, four additional Pennsylvania universities and colleges have won national college football championships: Lafayette in Easton (1896), Villanova in Villanova (2009), Penn in Philadelphia (1895, 1897, 1904, and 1908),[215] and Washington & Jefferson in Washington (1921). While Florida does not impose taxes on the profits realized after selling a capital asset, the state imposes the Documentary Stamp Tax, which taxes transfers of real property in Florida or interests thereof, such as transfers of property deeds. This listing must be filled with your county assessor's office by April 30 of each twelvemonth. There are also 15 publicly funded two-year community colleges and technical schools that are separate from the PASSHE system. The standard Documentary Stamp Tax rate is 70 cents per $100 of the propertys total consideration. Philadelphia forms part of the Northeast megalopolis and is associated with the Northeastern United States, and Pittsburgh is part of the Great Lakes megalopolis and is often associated with the Midwestern United States and Rust Belt. Florida does not have a capital gains tax, but you still have to pay federal taxes if you sell a home in the state. The Port of Pittsburgh is the second-largest inland port in the United States and the 18th-largest port overall; the Port of Philadelphia is the 24th-largest port in the United States. D.G. [162] The rest of the cities, including Allentown, the state's third-largest city, and Reading, its fourth-largest, to Parker, the state's smallest city with a population of only 820, are third-class cities. Donald B. Kraybill and C. Nelson Hostetter: "Enrollment booming with new, returning students". In the latter half of the 19th century, the U.S. oil industry was born in Western Pennsylvania, which supplied the vast majority of kerosene for years thereafter. Clinton, Miss.- Request for Proposal Intent to Award. [142][143] Pennsylvania is home to the oldest investor-owned utility company in the U.S., The York Water Company. Yes. James Smith wrote that in 1763, "the Indians again commenced hostilities, and were busily engaged in killing and scalping the frontier inhabitants in various parts of Pennsylvania." In eastern Pennsylvania, the Lehigh Valley has become an epicenter for the growth of the U.S. logistics industry, including warehousing and the intermodal transport of goods.[141]. Coal mining, primarily in the state's Coal Region in the northeast region of the state, also was a major industry for much of the 19th and 20th centuries. All non-business income is subject to the states standard income tax. Pennsylvania also is home to the largest indoor waterpark resort on the East Coast, Splash Lagoon in Erie. As a result, maps showing the results of statewide elections invariably form a shape that resembles a "T". The University of Pennsylvania is also the Commonwealth's only, and geographically most southern, Ivy League school. Philadelphia-based employers are required to withhold the Philadelphia wage tax from the salaries of their employees. [80] Of a total 46,055 square miles (119,282km2), 44,817 square miles (116,075km2) are land, 490 square miles (1,269km2) are inland waters, and 749 square miles (1,940km2) are waters in Lake Erie. You will receive a 16-digit confirmation number as proof of filing. In college football, three Pennsylvania universities compete in NCAA Division I, the highest level of sanctioned collegiate play in the sport: Penn State in the Big Ten Conference, Pitt in the Atlantic Coast Conference, and Temple in the American Athletic Conference. Because a third of Pennsylvania's population spoke German, the Constitution was presented in German so those citizens could participate in the discussion about it. This page is not available in other languages. Thomass house is in Daytona Beach, a part of Volusia County in Florida. Box 280403 Harrisburg, PA 17128-0403 View solution in original post 0 Reply 3 Replies Note on the check your PA Sales/Use Tax License Number, your Federal Employer Identification Number or Revenue ID, and the tax period begin and end dates. The law states the United States and its agencies are exempt from paying the Documentary Stamp Tax. How is the Florida State Transfer Tax Calculated? In 1777 and 1778, the national capital of Philadelphia fell under British control for nine months, and multiple Revolutionary War battles were fought in Pennsylvania. [155], The current Governor is Josh Shapiro. Additional revenue prospects include trying to place tolls on interstate highways; specifically Interstate 80, which is used heavily by out of state commuters with high maintenance costs. This website provides information about the various taxes administered, access to online filing, and forms.The Department of Revenue is responsible for titling and registration of motor vehicles, monitoring ad valorem assessments throughout the state to ensure consistent appraisal and valuation of properties among the municipalities and counties of the state, enforcement of Mississippi's Prohibition and Local Option Law and operating as the wholesale distributor of alcoholic beverages. Code Ann. Section 27-7-26 by revising the method by which a partnership, S corporation or other similar pass-through entity may elect to become an electing pass-through entity for state income tax purposes, and provided that any additional income tax credits generated by the electing pass-through entity shall be passed through to the owners on a pro rata basis and that any excess credit may be carried forward as an overpayment or refunded. This grant was in conflict with the Dutch claim for New Netherland, which included parts of today's Pennsylvania.[27]. [226], During the colonial era, Pennsylvania carried the nickname the Quaker State[227] in recognition of Quaker[228] William Penn's First Frame of Government[229] constitution for the Province of Pennsylvania that guaranteed liberty of conscience. "[125] One result of this uncommon freedom was a wide religious diversity, which continues to the present. ). Pennsylvania is home to the nation's first zoo, the Philadelphia Zoo. Additionally, you must not have used this exclusion for another home in the last two years. From 2008 to 2012, 5.8% of the population was foreign-born. We are here to help you Plan, Launch, and Manage your business. Box 1033, Jackson, MS 39215. Long-term capital gains tax brackets are calculated based on the sellers filing status and income levels: Paragraph 121 of the Internal Revenue Code (IRC) outlines exceptions to long-term capital gains taxes. The hijackers had intended to crash the plane into either the United States Capitol or The White House. The state does not levy the surtax on single-family dwellings, reducing the transfer taxes for these properties to the Miami-Dade standard rate of $0.60 per $100. Do I have to pay capital gains taxes if I sell a home and buy another in Florida? The U.S. chocolate industry is centered in Hershey, Pennsylvania, with Mars, Godiva, and Wilbur Chocolate Company nearby, and smaller manufacturers such as Asher's[220] in Souderton,[221] and Gertrude Hawk Chocolates of Dunmore. Thirty-two of the Commonwealth's sixty-seven counties levy a personal property tax on stocks, bonds, and similar holdings. While the exact duration varies by area, it typically falls between 6 and 21 years. The taxes owed for this transfer are only $4,380 instead of the $7,665 that would have been levied for other property types. However, selling a home in Florida involves fewer layers of taxation than in the average state, with just two types of real estate taxes. There are several different ways to file and pay taxes to the City of Philadelphia. If you are married and filing jointly, you can exclude up to $500,000. In college basketball, five Philadelphia and Philadelphia-area universities, collectively known as the Big Five, have a rich tradition in NCAA Division I basketball. . [81] It is the 33rd-largest state in the United States. The Department of Revenue is responsible for titling and registration of motor vehicles, monitoring ad . For six months, Washington and 12,000 Continental Army troops encamped at Valley Forge over a harsh winter with limited supplies; roughly 1,700 to 2,000 of them died at Valley Forge from disease and malnutrition. Example: Thomas is a single taxpayer earning $150,000 annually. Answers others found helpful Where do I mail the RCT-101 (PA Corporate Tax Report)? You will receive a 16-digit confirmation number as proof of . According to the National Association of Realtors, the median period of homeownership in the United States is 13 years. [64] Pennsylvania created a Department of Highways and engaged in a vast program of road-building, while railroads continued to see heavy usage. With five professional sports teams and some of the most passionate sports fans in the nation, Philadelphia is often described as the nation's best sports city.[209][210]. Pennsylvania racetracks include Jennerstown Speedway in Jennerstown, Lake Erie Speedway in North East, Lernerville Speedway in Sarver, and Pocono Raceway in Long Pond, which is home to two NASCAR Cup Series races and an IndyCar Series race. [98] Pennsylvania has a high in-migration of black and Hispanic people from other nearby states with the eastern and south-central portions of the state seeing the bulk of the increases.[99][100]. Individuals filing taxes in Pennsylvania may use a dedicated section of the state's income tax form, Form PA-40, to report net gains and income from the dispositions of property, such as the sale of real estate. The state is also home to Maple Grove Raceway, near Reading, which hosts major National Hot Rod Association-sanctioned drag racing events each year. Reverend Frederick Muhlenberg, a Lutheran minister and the first Speaker of the U.S. House of Representatives, acted as chairman of Pennsylvania's ratifying convention. myPATH is the new online portal that has replaced many of the Department of Revenues online services. The Pennsylvanian follows the same route from New York City to Harrisburg, but extends out to Pittsburgh. also 1536, Cauca River, linking Cali, important for higher population agriculture and cattle raising and Colombia's coffee is produced in the adjacent uplands. The taxes owed for this transfer are only $4,380 instead of the $7,665 that would have been levied for other property types. [171] The personal income tax is a flat 3.07%. The Pennsylvania Film Production Tax Credit began in 2004 and stimulated the development of a film industry in the state.[153]. In recent national elections since 1992, Pennsylvania had leaned Democrat. [119] According to U.S. Census Bureau estimates, the state's poverty rate was 12.5% in 2017 compared to 13.4% for the U.S. as a whole. If you wish to avoid or limit the amount of capital gains taxes you owe in Florida, the only strategies at your disposal are ways to reduce the federal-level taxes due to the lack of state-level equivalents. He owned and lived in a single-family home in Daytona Beach, FL, which he bought for $400,000, then used as a primary residence for six consecutive years before deciding to sell his property. [206] The Pennsylvania Turnpike system is 535 miles (861km) long, with the mainline portion stretching from Ohio to Philadelphia and New Jersey. [70][71] The state was hard-hit by the decline and restructuring of the steel industry and other heavy industries during the late 20th century. These stats show that most individuals selling a home in the United States will pay long-term federal capital gains taxes. You must show proof of occupancy, meaning you have lived in the home and used it as your primary residence for at least two years before the sale. [19] They were fragmented into three groups during the Beaver Wars: the Petun of New York, the Wyandot of Ohio, and the Tiontatecaga of the Kanawha River in southern West Virginia. ), capital gains realized from the sale of a home or real estate property in Ohio are treated as, . Sellers can exclude up to $250,000 (or $500,000 for married couples filing jointly) on the gains realized following the sale of their home if they pass the ownership and use tests. You qualify for this exclusion if: How is the Federal Capital Gains Tax Calculated? Pennsylvania German, spoken by nearly one percent of Pennsylvania's population as of 2010, is often misleadingly called Pennsylvania Dutch. It was the first time since a governor became eligible for reelection that an incumbent governor had been defeated in a reelection bid. Proudly founded in 1681 as a place of tolerance and freedom. As of the 2010 census, Pennsylvania had the fourth-highest proportion of elderly (65+) citizens in the nation at 15.4%, compared to a national average of 13.0%. [55] The Constitution was drafted and signed at the Pennsylvania State House, now known as Independence Hall, and the same building where the Declaration of Independence was signed in 1776. In 1923, President Calvin Collidge established the Allegheny National Forest under the authority of the Weeks Act of 1911. [158] Bryan Cutler is Speaker of the House of Representatives, with Kerry A. Benninghoff as Majority Leader and Frank Dermody as Minority Leader. [203] There are 67short-line, freight railroads operating in Pennsylvania, the highest number in any U.S. It was replaced by the current legislation, which allows homeowners to exclude up to $250,000 (or $500,000 for married taxpayers filing jointly) of the capital gains realized on the sale of a primary residence. Boroughs are generally smaller than cities, with most Pennsylvania cities having been incorporated as a borough before being incorporated as a city. The standard tax rate is equal to one mill (0.1%), or $1 for every $1,000 in the propertys final consideration amount. You have clicked a link to a site outside of the TurboTax Community. PA DEPARTMENT OF REVENUE PO BOX 280904 HARRISBURG PA 17128-0904 INDIVIDUAL TAXES Sales & Use Tax, Inquiries Only, Notices and Assessments: PA DEPARTMENT OF REVENUE PO BOX 280905 HARRISBURG PA 17128-0905 Motor Fuel Tax Inquiries, Payments, and Assessments: PA DEPARTMENT OF REVENUE PO BOX 280646 HARRISBURG PA 17128-0646 Retrieved October 9, 2012. On June 24, 1664, the Duke of York sold the portion of his large grant that included present-day New Jersey to John Berkeley and George Carteret for a proprietary colony. Democratic political consultant James Carville once pejoratively described Pennsylvania as "Philadelphia in the east, Pittsburgh in the west, and Alabama in the middle", suggesting that political power in the state was based in its two largest cities, which have been reliably Democrat, offset by the state's large rural power base, which has proven equally reliably Republican. Residents with unearned income (except for interest from checking and savings accounts) are required to file and pay the School Income-tax (SIT). You must pay federal capital gains tax when selling real estate in Florida. The total Anabapist population including Bruderhof[131] was 232,631, about two percent of the population. PA Department of Revenue The Lenape's territory ended somewhere between the Delaware River in the east and the Susquehanna River in central Pennsylvania. Write TORNADO on top of the form, provide a lien release and/or power of attorney, if applicable, with a $9.00 fee and mail to the Mississippi Department of Revenue, P.O. Pearson Education 2006. REV-1705R. Everywhere who uses personalbestand property in a business must complete a personal property tax view form. [101][102] Most of the remaining Hispanic or Latino population is made up of Mexicans and Dominicans, and the majority of Hispanics and Latinos are concentrated in Philadelphia, the Lehigh Valley, and South Central Pennsylvania. By clicking "Continue", you will leave the Community and be taken to that site instead. myPATH, which stands for my Pennsylvania Tax Hub, provides many self-service options such as registering a new tax account, accurately and securely filing returns, making payments, managing your accounts, and interacting with the department. Because capital gains are treated as income, New York taxes sellers using its three-tiered system, which includes fixed tax tables, tax rate schedules, and tax computation calculators. In addition, themyPATHhomepage panels, themyPATHsign up process, and some logged in options have changed. after reporting the sale using IRS Schedule D (Form 1040). Pennsylvania translates to "Penn's Woods" and was named after the father of William Penn, the founder of the colony. Where do I mail the RCT-101 (PA Corporate Tax Report)? [159] As of the 2018 elections, the Republicans hold the majority in the State House and Senate. [39] Penn proposed that the land be called New Wales, but there were objections to that name, so he recommended Sylvania (from the Latin silva: "forest, woods"). [161][163] Philadelphia, Pennsylvania's largest city, has a population of 1.6 million and is the state's only first-class city. PA Department of Revenue Electronic Filing Section PO Box 280507 Harrisburg, PA 17128-0507 You may also fax or email your supporting documents to one of the following: Fax: 717-772-4193 or Email: RA-BITPITELFCORFAXES@pa.gov The state-level RTT equals 1% of the propertys final consideration amount at the time of transfer. Harrisburg, PA 17128-0407 Rural portions of South Central Pennsylvania are recognized nationally for their notable Amish communities. Before that the province of Pennsylvania was governed for a century by a Frame of Government, of which there were four versions: 1682, 1683, 1696, and 1701. All but 20 miles (32km) of I-476 is the Northeast Extension of the Pennsylvania Turnpike. The King named it Pennsylvania (literally "Penn's Woods") in honor of Admiral Penn. Please tell us how we can make this answer more useful. Taxpayers who reside or have a business in Carroll, Humphreys, Monroe, and Sharkey counties have until July 31, 2023, to file individual income tax returns, corporate income and franchise tax returns, passthrough entity tax returns and quarterly estimated payments that were originally due during this period. White-tail deer, black bear, cottontail rabbit, squirrel, turkey, and grouse are common game species. In the 2016 presidential election, however, Republican Donald Trump broke the Democratic streak in the state, winning by 2,970,733 (48%) votes to 2,926,441 (47%) votes. [93] [94], Among Pennsylvania residents, as of 2020, 74.5% were born in Pennsylvania, 18.4% were born in a different U.S. state, 1.5% were born in Puerto Rico, U.S. Island areas, or born abroad to American parent(s), and 5.6% were foreign born. Among the state's black population, the vast majority in the state are African American. Please visit our Online Services for Businesses for more information. Floridas state tax legislation (Florida Administrative Code 12B-4.014) outlines the types of transfers exempt from the Documentary Stamp Tax. Please record this number for future reference and remember to keep a hard copy of the amounts you entered when filing your return. The IRS defines two types of capital gains: short-term and long-term. [67] The forest is located in the northwest part of the state in Elk, Forest, McKean, and Warren Counties for the purposes of timber production and watershed protection in the Allegheny River basin. Box 8409 High Point Raceway is located in Mount Morris, Pennsylvania, and Steel City is located in Delmont, Pennsylvania. To what address do I mail my PA-40 personal income tax return or supporting documentation? Straddling two major zones, the majority of the state, except for the southeastern corner, has a humid continental climate (Kppen climate classification Dfb). The department is responsible for collecting all Pennsylvania taxes, including all corporate taxes and taxes on inheritance, personal income, sales and use, realty transfer, motor fuel, and all other state taxes. The bloodiest battle of the Civil War with over 50,000 casualties, and one of the Union Army's most important victories, was fought on Pennsylvania soil at Gettysburg over three days in July 1863. myPATH sign up process, Changes you may see when logged into your This bill is effective from and after January 1, 2023 and applies to any income tax return with an original due date on or after January 1, 2023. The Peace of Breda between England, France, and the Netherlands confirmed the English conquest on July 21, 1667,[30][31] although there were temporary reversions. Yes, but not at the state level. In the past, federal legislation allowed senior citizens over the age of 55 to avoid paying capital gains taxes on a home sale. [72] New ethnic groups, especially Hispanics and Latinos, began entering the state to fill low-skill jobs in agriculture and service industries. The Department of Revenue is the primary agency for collecting tax revenues that support state and local governments in Mississippi. [132] While Pennsylvania owes its existence to Quakers, and much of the historic character of the Commonwealth is ideologically rooted in the teachings of the Religious Society of Friends (as they are officially known), practicing Quakers are a small minority of about 10,000 adherents as of 2010. Established as a haven for religious and political tolerance, the Province of Pennsylvania was known for its relatively peaceful relations with native tribes, innovative government system, and religious pluralism. The mansion tax is levied on top of the base rate and is 1% of the propertys final sale price. As a result of this update, this system will be unavailable from Friday, November 25, 2022 at noon to Wednesday, November 30, 2022 at 8:00AM. He owned and lived in a single-family home in Daytona Beach, FL, which he bought for $400,000, then used as a primary residence for six consecutive years before deciding to sell his property. Please enable scripts and reload this page. Payments must be sent to: PA Department of RevenuePO Box 280404Harrisburg, PA 17128-0404. Published 03/22/2004 09:41 AM | As of the 2020 U.S. census, Pennsylvania had a population of 13,011,844, up from 12,702,379 in 2010. House Bill 1668 of the 2023 Legislative Session was signed into law on March 27, 2023. 1401 John F. Kennedy Boulevard Payments of $1,000 or more must be made electronically or by certified/cashier's check. The Sunshine State offers many benefits to individuals looking to buy and sell real estate property. According to Florida real estate legislation, partition deeds are generally not taxable under the Documentary Stamp Tax, unless under the specific circumstances outlined in Section 2B-4.014(6) of the Florida Administrative Code. Pennsylvania's notable amusement parks include Conneaut Lake Park, Dorney Park & Wildwater Kingdom, Dutch Wonderland, DelGrosso's Amusement Park, Great Wolf Lodge, Hersheypark, Idlewild Park, Kalahari Resorts Poconos, Kennywood, Knoebels, Lakemont Park, Sandcastle Waterpark, Sesame Place, and Waldameer Park. Williamsport is in the north-central region with York, Carlisle, and the state capital Harrisburg on the Susquehanna River in the east-central region of the state. West Chester University has by far the largest student body of the 14 universities. Since Florida doesnt have capital gains, the rules default to the federal guidelines. [196] Philadelphia College of Pharmacy, now a part of University of the Sciences in Philadelphia, was the first pharmacy school in the United States.[197]. The British conquest of New Netherland began on August 29, 1664, when New Amsterdam was coerced to surrender while facing cannons on British ships in New York Harbor.
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