What is the total effective personal income tax rate for living in New Jersey and working in New York City?
Thanks. I was unclear as to whether I owed both New York and New Jersey classes, but now it's clear it's the greater of. Additionally, I wasn't sure about the New York City tax - but you've confirmed my understanding ~ that the NYC tax is for NYC residents.
United States - 1 Answers
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Answer 1 :
Hard to say without knowing your income and your complete tax situation. The links to the tax rates for both states are given below. Basically, you will pay the New York rates on your salary. You'll have to file a return in New Jersey as well and if their tax is higher, you'll have to pay the excess to New Jersey, so your total is most likely about the same as whichever tax is greater. If you have income from sources other than your job, you'll pay tax on that in NJ as well. There used to also be a NYC nonresident earnings tax, but I think that's gone now
Thanks. I was unclear as to whether I owed both New York and New Jersey classes, but now it's clear it's the greater of. Additionally, I wasn't sure about the New York City tax - but you've confirmed my understanding ~ that the NYC tax is for NYC residents.
United States - 1 Answers
People's Answers, Critics, Comments, Opinions :
Answer 1 :
Hard to say without knowing your income and your complete tax situation. The links to the tax rates for both states are given below. Basically, you will pay the New York rates on your salary. You'll have to file a return in New Jersey as well and if their tax is higher, you'll have to pay the excess to New Jersey, so your total is most likely about the same as whichever tax is greater. If you have income from sources other than your job, you'll pay tax on that in NJ as well. There used to also be a NYC nonresident earnings tax, but I think that's gone now
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