If I live in NYC and work in NJ, do I pay income taxes to both states?

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If I live in NYC and work in NJ, do I pay income taxes to both states?

I am considering moving into NYC from NJ. And I'll still be working in NJ. I hear a lot of rumors about paying double income taxes and such. Can someone clear this up for me. I would like to know exactly which state or both gets my income taxes. Thanks in advance. -Joe

2006-09-24 07:01:13 · 2 answers · asked by KnowItAll 1 in Business & Finance ➔ Personal Finance

2 answers

yes but you can use the amount withheld in NJ as a credit for the NYC return so yes you pay to both but you end up only paying the higher rate between the two (which is NYC ofcourse)

2006-09-24 07:59:45 · answer #1 · answered by ken 3 · 0⤊ 0⤋

yes,sorry.

2006-09-24 14:10:54 · answer #2 · answered by djonecat@yahoo.com 3 · 0⤊ 0⤋