View Full Version : Live in NJ Work in NYC
Jaylover24
Apr 11, 2007, 06:42 AM
Hello, All! I have a silly question to ask. I live in NJ and work in NYC. Do I have to file state taxes with NJ and NY or is filing with NJ sufficient?
ebaines
Apr 11, 2007, 08:17 AM
Hello, All! I have a silly question to ask. I live in NJ and work in NYC. Do I have to file state taxes with NJ and NY or is filing with NJ sufficient?
First complete a NY Non-resident return, then the NJ state return. NY will tax you on the money you earned working in NY (although at a tax rate that takes into account all your income). When you figure your NJ taxes you get a credit for the amount you paid to NY (line 39 of NJ-1040 - Credit for Income Taxes Pid to Other Jurisdictions."
AtlantaTaxExpert
Apr 19, 2007, 02:12 PM
Agreed. One added note: Since NY state tax rates are so much higher than NJ, it is likely the credit cited will COMPLETELY offset the NJ taxes owed.