I am a new yrok resident but I work in New jersey. Do I need to pay tax for both states?

Answer 1

In most cases, it's your state of residency.

Answer 2

In ALL cases your federal income tax is based soley on the state where you live.

However, the law with state taxes varies. For example a resident of Virgina went to Maryland, bought a lottery ticket, and won. So both states came knocking on her door for taxes on her winnings. She had to pay taxes to Maryland and then get a waver on the taxes she owed Virgina for her lottery winnings. I remember this case when I took the H&R Block tax preparer course.

You are going to have to ask your local H&R Block for advice on this, they don't charge for advice so you can call or drop by and office. I do think that you only need to worry about New York state taxes.

Answer 3

I'm in the same situation. You will file a New Jersey nonresident return and pay taxes on the income you earn in New Jersey. You will file a NY resident return and pay taxes on all your income, regardless of where it is earned. You will also claim a credit against your NY taxes for the NJ you paid. Also note, when you file your NY return, they will require you to attach a copy of your NJ return, in order to substantiate the state tax credit. This also means that you cannot e-file your NY return and must file a paper return.

Answer 4

you are taxed based on the state you live in only.

If new jersey and new york are multi-jurisdiction states..the only thing you would have to be concerned with is unemployment.

is there a commuter tax? that would be the only thing you may get if there is one.

in metro dc..we have people in maryland, va & dc that work and live outside of their homestate.

you only pay state tax on the state you live...not where you work

Answer 5

Yep. My mom got hosed with that a few years ago. She was working in WY (no tax) and living in CO (lots of tax). She had to pay big time.

Answer 6

I dont think so