Ask Experts Questions for FREE Help!
 
Free Answers in 3 Easy Steps

Register Now		 3 Steps
 
Ask QuestionsprogressAnswer QuestionsprogressBuild ReputationprogressBecome an Expert
 
At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to:
  • Get free answers from experts in any of our 300+ topics.
  • Accept money for answers that you provide.
  • Communicate privately with other members (PM).
  • See fewer ads.
  Answer this Question    Ask about Taxes    Ask about another Subject  
 
PDA

shuja1967
Dec 29, 2005, 02:42 PM
I was told that if you live in NYC (Brooklyn) and work in NJ you are taxed twice. I understand that you pay taxes to both states, & NY City; but overall are you taxed more than the situation if you lived and worked in NYC only based on a $30,000 salary.

Also from the following situations which one would you rate the best not considering the sales taxes and other non payroll taxes.

Live and Work in NJ
Live and Work in NY
Live in NY Work in NJ
Live in NJ work in NY

Thanks

Shuja
AtlantaTaxExpert
Dec 30, 2005, 06:36 AM
Shuja:

While you will have to file tax returns for both NY and NJ (the NYC tax return is embedded in the NY state tax return), NY state will give you a credit for the taxes you pay to NJ, so there is little, if any, double taxation.

IMHO, it usually makes sense to live and work only in one state. I would pick NJ due to the lower cost of living, but that's just me.