2007-03-22 02:43:54 · 8 answers · asked by Jennifer 1 in Business & Finance ➔ Taxes ➔ United States
You pay taxes to the state you physically work in. I am in kind of the same situation. My company is based 4 states away and I work from home.
2007-03-22 02:46:55 · answer #1 · answered by Jo 6 · 0⤊ 0⤋
If the company has nexus in both states (in other words has a location in NY) then they can take the taxes for both states. They take the taxes for the state you work in first (NJ) and since NY's rate is higher, they will take the difference to pay NY. If they do not have nexus, then the company wilo only take the NJ taxes and you will be responsible to pay NY the difference.
2007-03-22 13:10:01 · answer #2 · answered by Mom of 2 4 · 0⤊ 0⤋
You don't have to pay taxes to both states. When you file your NY tax return, make sure you fill out form IT-112-R. You will get a tax credit on your NY tax return for taxes you paid to NJ. This way you're not paying tax on the same income in both states.
http://www.tax.state.ny.us/pdf/2006/fillin/inc/it112r_2006_fill_in.pdf
http://www.tax.state.ny.us/pdf/2006/inc/it112ri_2006.pdf
2007-03-22 13:12:34 · answer #3 · answered by tma 6 · 0⤊ 0⤋
Why would you do that? Doesn't this country "EXTORT" enough money from us? I believe you only have to deduct the taxes out of your income where you earn that income. (Not where you live)
For example:
I know of people that live close to the California / Nevada border living on the California side and working in Nevada. They only claim the taxes for the income earned in Nevada. Besides Nevada doesn't have State taxes where California does! Hope I've been of some assistance? Good luck!!
2007-03-22 02:55:07 · answer #4 · answered by Anonymous · 0⤊ 1⤋
Taxes are many times taken out by using the state in which you artwork. this could be manhattan. Your pay examine stub will say which state is taking them out. there could be a state code, if not an abbreviation, and you will look this code up by using going surfing. bypass on line to State of manhattan dept of gross revenues and likewise State of NJ dept of gross revenues. there is likewise stay tax help there... desire this facilitates you out.
2016-11-27 21:57:55 · answer #5 · answered by ? 4 · 0⤊ 0⤋
No, you should not, both NY & NJ are robber barons / bandits
and will suck every dollar they can get out of the people...
NJ is the highest taxed state in the USA..
2007-03-22 02:52:23 · answer #6 · answered by Anonymous · 0⤊ 1⤋
No. They can only take out for the state you WORK in. That is federal law.
You can opt to have additional taxes taken out, but it will still be under the state you are employed in, so see what their tax structure is before deciding.
2007-03-22 02:47:58 · answer #7 · answered by Critter Lady 4 · 0⤊ 1⤋
Yes, you should.
2007-03-22 02:46:27 · answer #8 · answered by Anonymous · 0⤊ 3⤋