If you use TOTAL Planning Suite (destkop edition), now is a great time to take a moment and ensure the state tax rates are entered for all of the states your clients reside in and the rates are up-to-date. We have a great resource to share allowing you to quickly find the state tax rates.
Resource: The Tax Foundation’s “State Individual Income Tax Rates, 2000-2014”
This resource provides the single and joint rate information for each state, and was recently to include the 2014 tax information.
Let’s run through entering the tax information for a few states for TOTAL Planning Suite using this resource.
Arizona:
Entered in TOTAL Planning Suite
Colorado:
Entered in TOTAL Planning Suite:
Illinois:
Entered in TOTAL Planning Suite:
Vermont:
Entered in TOTAL Planning Suite:
