If I live in NY and work in CT, will I be paying much higher tax now? since I am paying tax for 2 states?

Question

Should I be working in CT $5000 dollars more. Or is it not worth it when it comes to tax time. Please only answer if you know this answer for sure. Thanks.

Answer 1

Although you will be paying taxes in two states, you will get a credit in NY for the CT taxes paid. The net effect is that you pay tax on the income earned out-of-state at the higher rate of the 2 states. You are NOT double-taxed.