IRS Authorized e-File Provider
Petra Tax Services Inc
Your Trusted Tax Experts in NYC
Petra Tax Services Inc helps individuals and businesses across New York City with expert tax preparation, IRS representation, payroll, and business services — year-round.
Services
IRS Enrolled Agent
Authorized to represent clients before the IRS
Tax Preparation
Business & Personal tax returns
Business Formation
LLC, Corp, and entity setup
Payroll & Sales Tax
Payroll processing and sales tax filings
Business Licensing
State and local licensing support
Year-Round Services
Available all year, not just tax season
Understanding the Difference Between Federal and State Taxes
Taxes in the United States are collected at different levels of government. The main difference is that federal taxes are paid to the U.S. government, while state taxes are paid to the government of the state where you live.
Federal taxes help fund national programs such as Social Security, Medicare, defense, immigration services, and other federal agencies. These taxes are usually collected by the IRS.
State taxes are used to support local services such as schools, roads, public safety, and health programs. Each state has its own tax rules. Some states collect state income tax, while others do not.
Another important difference is that federal tax laws apply across the country, but state taxes vary from one state to another. This means two people with the same income may pay different state taxes depending on where they live.
Understanding the difference between federal and state taxes can help people file correctly, plan better, and avoid confusion during tax season.
Our Locations
Brooklyn Office
2103 Avenue Z, Brooklyn, NY 11235
Bronx Office
935 Morris Park Ave, Bronx, NY 10462