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

    Jun 29, 2009, 06:04 PM
    Work in PA, Live in NJ and PA
    I plan to start a new job in PA. I am considering my rent (or buy as second home) a place in NJ that is convenient for my wife to work and son to go to top school. Should I consider buy a house in PA (as primary home) close to my work so that I am a PA resident, save income taxes and property taxes. Would this work? Is this tax efficient? What is requirement in terms of spending time in PA? If I spent most of the day working in PA then does it matter how many days I sleep in PA house?
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Jun 30, 2009, 06:11 AM

    Your resident state is determined by where you sleep at night the most. So determine how many nights/year you expect to spend in PA and in NJ, and that will tell you which state you would be a resident of. PA does tend to have lower taxes than NJ, so yes, this sounds like a good way to save taxes. You'll have to determine whether the added costs of maintaining a second home makes it worthwhile.
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