Ask Experts Questions for FREE Help !
Ask
    MarinJ's Avatar
    MarinJ Posts: 1, Reputation: 1
    New Member
     
    #1

    Mar 25, 2008, 08:46 PM
    Option to pay tax in NY or in NJ (state taxes)
    Hello,

    I am F1 student living in NJ, working in NY. I paid, NYS taxes. Obviously I am considered tax non resident in NYS (i.e. IT203)

    According NJ1040NR I am non-resident as well, since my home in NJ is temporary (I spent more than 183 days here but my permanent home is in Europe. My home in NJ is only for the purpose on accomplishing the US degree).

    Now, for obvious reasons (I love NJ very much:D), I would like to be fully taxed in NJ rather than NY.

    Q1. As a tax non-resident in NJ/NY, can I choose where to pay my state tax? I.e. I would like to claim 100% NYS taxes back and pay tax in full in NJ.

    Q2. If I need to pay tax in higher % jurisdiction, working in NY automatically means that 100% of my income is from NY sources? What if I claim only 80% of my income is from NY sources, and 20% is from NJ sources.. who's to say/determine and check? What is the proper way to determine % of income from NJ or NY sources? Rather than blindly tax the full income in higher % jurisdiction?

    Thank you very much for relevant imput,

    Marin
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #2

    Mar 26, 2008, 01:25 AM
    If you work in NY, for the income you earned while working in the NY you will pay NY tax.

    You live in NJ so all the income you earned while living in the NJ, you will report on your NJ tax return. Then you will also claim credit for the taxes paid to NY.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Do I pay taxes when I work in a different state that I live in? [ 8 Answers ]

Hi, I currently live in Ct but work in NY. I know I have to pay ct state income taxes but do I have to pay NY state income tax? My husband lives with me in CT and works in CT. Should we file separately or jointly for state income taxes if I have to pay NY income taxes? Also would his CT...

State taxes on stock option exercise after leaving US [ 1 Answers ]

Hello, I was working for a CA based IT company since 2001. I left the company in January 2007 and moved to France for education. I sold my stock options from the company in February and March 2007. My question is will I have to pay California state tax on the proceeds from the stock options. I...

Which state do I pay taxes to? (lived in each exactly half a year) [ 1 Answers ]

I moved from Texas to California last year and arrived in CA on July 1st. I didn't bother to get my CA driver's license for several months, but did establish residency on that date. Since Texas has no income tax, of course, I'd like to say that it was my state of residency last year, since it...

Live in NJ but pay NY state taxes? [ 1 Answers ]

Hi, I live in NJ but I work in New York. I took a look at my pay stub and I'm paying Federal and NY state taxes but I am not paying NJ state taxes. Is this correct? I'm concerned that next year I will have to file a NJ state tax return and will not be credited for paying the NY state taxes...

What state do you pay inheritance taxes in? [ 1 Answers ]

If my father dies in Delaware, but all of his children live in different states, whose inheritance tax laws are followed, Delaware's or the state that the individual heir lives in?


View more questions Search