Reporting Financial Institutions will also be permitted to report after the initial deadline of 30 June 2015, and, provided such reporting is submitted to the ITA before 31 July 2015, the reporting Financial Institution will not be subject to enforcement action in the BVI.
17, 2014 44 of 127 www.revenue.state.pa.us Q. Group Term Life Insurance Group term life insurance is never taxable for Pennsylvania personal income tax purposes, regardless of the amount. R. Unemployment Compensation Unemployment compensation is not taxable for Pennsylvania personal income tax purposes.
Pennsylvania is a fairly tax-friendly state. Most retirement income â Social Security, federal, state and local pension income â is not taxed. And interest, dividends and capital gains are subject only to a tax at 3.07%. But at 10.3%, the Keystone Stateâs overall tax burden is fairly high compared with most other tax-friendly states.