Pennsylvania tax basis is the state adjusted taxes.
Interest/Divident Income: Interest and Divident income from U.S. government bonds are exempt from State Taxes.
Rent Income: State schedules.
Capital Gain: Generally same as federal, except all gains are taxable and all losses deductible in year incurred, with certain limitations if married and filing jointly. In addition, a separate state tax benefit rule applies with respect to unused losses, depreciation, and reduction of basis.
Unemployment Income: Unemployment income is exempt from state taxes.
Social Security Benefits: All social security income is exempt from state taxes.
State Bond Interest: Taxable except Pennsylvania obligations
Health Savings Accounts: No deduction for contributions. Earnings and distributions are tax free when used for qualified medical expenses.
Disability: Generally exempt
Lottery: Pennsylvania state lottery winnings exempt.
Federal Income Tax: Not deductible.
Other Taxes: State treatment of moving expenses, employee business expenses, and depreciation. Exclude qualified distributions from a PA Tuition Account. Also exclude personal use of employer-owned property or services provided at reduced or no cost and wage deductions for health and welfare benefits under a cafeteria plan. Deductions for qualified MSA contributions and distributions for taxpayers who are selfemployed
Check other state tax links below.