Why is your residency important?

Similar to the federal income tax, a state in the United States may impose personal income taxes on the state residents of world-wide income regardless of where the income is from. Nonresidents are taxed only income attributable to (“sourced to”) that state. Part-year residents are taxable on their world-wide income while a resident of the state and only on income from the state source while nonresident. States do not follow the rules of the federal income tax to determine the state residency.

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