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jmwall
Jan 6, 2009, 10:50 AM
Last year the company I work for in NM withheld $1647.00 throughout the year. At tax time after filing I ended up paying NM $1772.00, and CO, which I am a resident of, $506.00. Colorado gave me a credit of $1483.00 but NM would not give me any credit. They stated that I was a "resident" as far as they were concerned. But when NM gave rebate checks I did'nt get one because I wasn't a "resident." Colorado states NM is engaging in double taxation and pretty much told me not to file in NM. NM states I have to file because the income is generated in the state. Does anyone have any suggestions on what I should do. I really don't want to pay over $2000. In state taxes again.

Thank you

AtlantaTaxExpert
Jan 6, 2009, 06:10 PM
You are NOT a residnet of NM, but you pay taxes to the state in which you work; you get NO credit from them.

You claim the credit for the working state taxes on your residence state taxes. That has been done. The fact that the credit is NOT as much as the taxes paid probably has to do with the varying state tax rates.