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    mooreiv's Avatar
    mooreiv Posts: 1, Reputation: 1
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    #1

    Jul 20, 2007, 12:31 PM
    Taxes on wages
    How are the taxes figured whe one lives in New york city while working in New Jersey for a NJ firm
    delite's Avatar
    delite Posts: 202, Reputation: 3
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    #2

    Jul 21, 2007, 09:08 AM
    Quote Originally Posted by mooreiv
    how are the taxes figured whe one lives in New york city while working in New Jersey for a NJ firm
    Employer required to withhold and you are required to file NJ tax return for earned income. NY will allow a credit for NJ tax paid.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #3

    Jul 21, 2007, 10:53 AM
    Delite has it right, but since NY and NYC tax rates are a LOT higher than NJ, you will need to have income taxes for BOTH NY state and NYC withheld as well.

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