How to Get Fast Louisiana Tax Refund 2015 – 2016?

The Louisiana State Income Tax system uses three different tax brackets, the tax rates range from 2% to 6%. Your tax return is due by May 15, or the next applicable business day if the 15th falls on a weekend or a holiday.

The sales tax in Louisiana is 4%. The tax is split into two parts: 3.97% of it goes to the state, and 0.03% goes to the Louisiana Tourism Promotion District sales tax. There are also local taxes that apply to Louisiana parishes (counties), and cities. One such city, Baton Rough, has a 5% sales tax in effect. 5% is the maximum tax allowed to be implemented as a local sales tax, which can lead to a pretty high total sales tax in some areas.

The Louisiana State Sales Tax applies to tangible personal property, the use, consumption, distribution, or storage for use or consumption of any tangible personal property, the lease or rental of any tangible item within state, ticket sales to events and amusement parks, and laundry furnishing among many other types of furnishing.

The items that are exempt for Louisiana sales tax include newspapers, boiler fuel, propane and meals that are provided to the students of staff of certain institutions. As of July, 2003, food for home consumption and residential utilities are exempt from state sales tax in Louisiana.

State Tax Filing Refund calculator

Tax Filing

Income Tax Refunds sent in by mail generally take 12-16 weeks to get back to you after you submit your form. By far, the easiest and most convenient way to file your taxes is to e-file them online.

Louisiana State Income Taxes 2015 – 2016

Louisiana state tax basis is the Federal Adjusted Gross Income (AGI).

Interest/Divident Income: Interest and Divident income from U.S. government bonds are exempt from State Taxes.

Rent Income: Same as federal

Capital Gain: The Capital Gains are treated similar to Federal Taxes for State Taxes.

Unemployment Income: Same as federal.

State Tax Filing Refund calculator

Social Security Benefits: All social security income is exempt from state taxes.

State Bond Interest: Taxable except Louisiana obligations

Health Savings Accounts: Same as federal.

Disability: $6,000/person exclusion for permanent total disability

Lottery: Same as federal.

Federal Income Tax: Deductible.

Other Taxes: Deductions for deposits of up to $2,400 ($4,800 for married-joint filers) per account in the Student Tuition Assistance Revenue Trust (START program), for federal disaster relief credits claimed in Hurricane Katrina and Rita Disaster Areas, and for federal casualty losses claimed because of the two hurricanes.State Tax Filing Refund calculator