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Question
Do I have to pay some kind of city tax for Philly in 2023?
AI accountant’s answer:
Yes, if you live or work in Philadelphia, you'll likely need to pay the Philadelphia City Wage Tax. This tax applies to salaries, wages, commissions, and other compensation. The rate can change from year to year, so it's a good idea to check the current rate on the City of Philadelphia's website. If you're self-employed, you might also need to pay the Net Profits Tax on your business income. Remember, these are in addition to any federal and state taxes you might owe.
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