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View Full Version : Taxes: Living in New York City but working in New Jersey


hhavam
Mar 24, 2006, 08:58 AM
I live in New York City but work in New Jersey. I'm married no children. I'd like to find out about what are my taxes for New York City and New York State? Also, any advise for me for the next tax year on what to withhold from my employer?

Thank you.

AtlantaTaxExpert
Mar 24, 2006, 10:53 AM
Hhavam:

Without youy income figures, I cannot tell what you owe. You will pay taxes to NJ, NY state and NY city.

NY state will give you a credit for the taxes you paid to NJ.

hhavam
Mar 24, 2006, 11:55 AM
Thank you - it does help. I was just trying to get some kind of picture of what to expect this year.

Thank you again.

AtlantaTaxExpert
Mar 24, 2006, 01:48 PM
Glad to help!

Lemondropzzz
Feb 23, 2011, 09:26 PM
Which line in the NY Resident Return does it credit you for the NJ taxes paid? I can't seem to find it.

AtlantaTaxExpert
Feb 24, 2011, 01:16 PM
It is a separate form on the New State return. Look for titles like (Credit for taxes paid to other states" or "resident credit).

ebaines
Feb 24, 2011, 03:36 PM
NY wins the prize for having the most confusing, complicated, poorly designed series of tax forms in the country. They must figure that by making it so complicated more people will just give up and not take the credits due them.

You must use Form IT-201 (the long form), not IT-150. You attach Form IT-112-R, and transfer the credit calculated on it to IT-201 line 41. Here's a copy of IT-112-R:
http://www.tax.ny.gov/pdf/2010/fillin/inc/it112r_2010_fill_in.pdf

AtlantaTaxExpert
Feb 25, 2011, 09:19 AM
I second that nomination, but Massachusetts comes in a STRONG second in terms of complexity.