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    JoeProcopio's Avatar
    JoeProcopio Posts: 2, Reputation: 1
    New Member
     
    #1

    Feb 8, 2006, 10:48 AM
    Live in NJ, work in NYC
    Just got a job in NYC. I start on the 21st of Feb. What are my tax obligations? I heard working in NYC there is a city tax or something that I need to be aware of and put money aside for, is that true?


    Or do I just pay NY and Jersey State taxes inext April.

    Also, I am married and I read somewhere that someone who lived in CT, worked in NYC and was married, he had to pay NY State taxes on his wife's income as well as his own, even though she lived and worked in CT... is THAT true? Sounds ridiculous to me.

    What am I getting myself into here? LOL

    TIA
    Joe
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #2

    Feb 8, 2006, 11:41 AM
    The commuter tax was repealed a few years back. When you start work, your HR or payroll people will have you fill in a W-4. That's the time to ask them what taxes you will be responsible for.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #3

    Feb 8, 2006, 03:13 PM
    Joe:

    ScottGem's information is accurate. You will owe no NYC income tax if you do not live there.

    However, you will have to pay NY state income tax on the money you earn while working in NY state. Be sure to have NY taxes withheld. Your wife's pay is not considered when paying these taxes; only your NY-based income.

    Have no NJ taxes withheld. The NY state tax rates are higher than NJ, and NJ offers a credit for taxes paid to other states. That credit will completely eliminate any NJ taxes owed on your NY-based income. I speak from experience here.
    JoeProcopio's Avatar
    JoeProcopio Posts: 2, Reputation: 1
    New Member
     
    #4

    Feb 9, 2006, 05:11 AM
    Awesome, thanks for the quick responses, so it is a little different than my previous experience working in NJ and living in PA.

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