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

    Sep 25, 2007, 03:58 PM
    NJ Resident NYC Employee
    Hello! I just recently started working in NYC, but I am a NJ resident. I would like to know if I will owe NYC taxes and/or NY state taxes if only NJ and Federal taxes are being deducted from my pay? I have heard so much from various people and since I am not familiar with filing both tax forms, I would like to be informed on the correct approach so I will not owe back-taxes.

    Thank you.

    Selena
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Sep 26, 2007, 12:38 PM
    Since you are NOT a NYC resident, you will NOT owe NYC taxes.

    However, since you work in NY state, you WILL owe NY state income taxes. You will need to file BOTH NY and NJ state tax returns. Fortunately, NJ will give you a credit for the NY state taxes paid, so it is possible that you will owe little, if any, NJ state income taxes.

    Contact your payroll department and have them withhold NY state income taxes (but NOT NYC) and have them STOP withholdig NJ taxes.
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!

New Employee to Work in NYC and Reside in CT [ 3 Answers ]

I just recently got hired by a company in NY. I currently reside in the state of MD and plan to relocate to CT and commute to NY. The company has sent to me employee enrollment forms... I am crossed as to which address I should indicate on the forms (i.e. W-4 form, NY State, City of NY,...

NYC resident for tax purpose or not? [ 2 Answers ]

Hi, I entered the U.S. in July 2005 and just graduated with my MBA in May 2007. I am now here on F-1 Visa status. I am working with a company in NYC. I also live in NYC. Would I be considered as a NYC resident for tax purposes? Am I getting NYC taxed on salary and bonus? Thank you so much...

NJ Resident - Considering Employment in NYC [ 9 Answers ]

Greetings. I recently received a job offer in Manhattan. I currently live in NJ. I'm pretty good at simple personal financial planning / budgeting, but I cannot seem to find on the internet definitive answers about any (if any) reciprocal tax agreements between NY and NJ. I'm considering...

NYC resident taxes [ 1 Answers ]

I live and work in nyc but have a California ID And residence. Can I be considered part time nyc resident. How can avoid pay such high nyc resident taxes

View more questions Search