2007-10-25 01:54:10 · 4 answers · asked by Moe 1 in Business & Finance ➔ Taxes ➔ United States
Yes, but another poster has it backwards. You'll receive a credit on your NY return for the NJ taxes paid, up to what the NY taxes would have been.
File a non-resident NJ return listing only the NJ income and pay any tax due. Then file your regular resident NY return listing all income from all sources. You'll take a credit for the NJ taxes paid on your NY return.
Effectively you'll pay the higher of the two states taxes for the NJ income.
2007-10-25 02:37:11 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Yes, you will have to file a NJ return and pay taxes to NJ. However, you will get a credit for any taxes paid to NY.
SInce NY taxes are higher than NJ, you will probably not owe anything (except if you have other NJ income such as dividends, interest, etc.)
2007-10-25 02:01:15 · answer #2 · answered by nystom 2 · 0⤊ 1⤋
That relies upon on the place you paintings, no longer the place the enterprise is placed. in case you paintings in NJ, you in uncomplicated terms pay NJ State earnings Tax. in case you certainly paintings in long island, you will would desire to document returns in the two states. document the long island non-resident return and pay the taxes there. Then document your NJ resident return, you will get a credit from NJ for the long island taxes paid.
2016-11-09 10:28:08 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Just make sure to take quarters for the bridge...ugh. Geez, that alone will cost you enough every week...
2007-10-25 02:04:18 · answer #4 · answered by LadyMagick 5 · 0⤊ 2⤋