Ask Experts Questions for FREE Help !
Ask
    rwatson626's Avatar
    rwatson626 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 8, 2006, 08:24 AM
    Work in NJ and live in NY tax question
    I see a lot of people living in NJ and working in NY but its hard to find info on working in NJ and living in NY. Do you know how taxes work when I live in NY and work in NJ? Does the federal get affected by this. I own a home in SI and my wife works in NY.

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

    Feb 8, 2006, 10:16 AM
    RWatson626:

    Your situation is a bit more complicated.

    You have to file two state tax returns (NY and NJ) plus pay NYC income taxes (the tax calculations for NYC are embedded in the NY state tax form).

    You will pay taxes to both states, but NY will give you a credit for paying the NJ taxes.

    It's relatively simple for the tax professional who deal with multi-state returns on a daily basis, but it can be confusing for the layman.

    Contact me at [email protected] if you have further questions.
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!

I live in pa and work in nj [ 2 Answers ]

I am trying to ask my human res. Here at my job this question but it seems like I am getting brushed off all the time I do not want to be penalized at the end of the year I have been working in this job since march of 2006 we just switched payroll and I get direct dep. So I never bothered looking...

Live in NY work in NJ [ 5 Answers ]

This is the reverse of some recent questions. I was transferred to a NJ office supposedly on a temporary basis. It was recently made permanent. Because of the temporary nature, they never changed my withholding and still haven't contacted me about doing so. So, right now, I only have NYS...

Live in NJ... Work in NYC [ 1 Answers ]

I am married, currently own a home in New Jersey and am looking for work in NYC. I will be commuting to NYC via the train so I will maintain residency in NJ. My questions are, on my paycheck, what will be deducted? How will my year end taxes be affected if I file multistate? Let's say I make...

Live in NJ work in NYC [ 3 Answers ]

Thinking of moving to NJ from NYC. What would the tax implication be? Higher/Lower? Currently I'm paying NY State and NYC resident, around $300 biweekly. How will the taxes be computed once I tell my employer that I moved to NJ? Thank You.

Live in NJ Work in NY nebie question [ 3 Answers ]

Hi, This is my first year doing taxes, and needless to say I am slightly confused. Both myeslf and my wife live in New Jersey and work in NYC. Exactly which forms do we have to complete? Do we have to complete NY, NJ and federal returns? If so, would a program like TurboTax do all three? ...

View more questions Search