The Lehigh Valley continues to experience substantial growth that is attracting new entrepreneurs, employees, and residents every year. As the excitement of relocating settles, the reality of filing taxes in a new state sets in. Few states use a flat tax, however Pennsylvania (PA) is one of them, at 3.07%. Most of PA’s taxable income is derived from compensation, interest, dividends, business profits, and rental income, which are all taxed at the flat rate. Since there is no standard deduction or deduction for dependents, it is important to understand that certain exemptions and deductions exist.
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