Sunday, March 21, 2010

I live in New York but work in New Jersey do I have to pay New Jersey State tax


I live in New York but work in New Jersey do I have to pay New Jersey State tax?

United States - 3 Answers
Random Answers, Critics, Comments, Opinions :
1 :
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.)
2 :
Just make sure to take quarters for the bridge...ugh. Geez, that alone will cost you enough every week...
3 :
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.