nj vs nyc taxes?

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hey i am moving to nyc this summer and will be sharing a room with some a few buddies. We all work downtown and it seems to be the is comparable with NJ side. I am wondering is there a major tax advantage of living in the NJ VS NYC? My feeling was you don't have to pay the 4% city taxes if you are living in NJ while working at NYC?

2007-04-01 14:23:09 · 2 answers · asked by cheng z 2 in Business & Finance ➔ Taxes ➔ United States

2 answers

If you live in Jersey you won't pay the NYC income tax, that's for residents only. Weigh that against the cost of your commute -- time and $$$ -- to decide which is best for you.

2007-04-01 15:11:39 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋

i like nj more than ny...ask an accountant.

2007-04-01 21:26:17 · answer #2 · answered by ohhhyeah 3 · 0⤊ 0⤋