About Live in New Jersey work in New York City. Taxes

Live in New Jersey work in New York City. Taxes?
I live in Hudson County, New Jersey, but work in Manhattan. About 5% of my paycheck is deducted for state taxes. Will I get any of this back? What will I have to pay for New Jersey state taxes? I know a lot of people commute like this so if anyone that can explain the tax situation please help!! Thanks.
United States - 1 Answers
People's Answers, Critics, Comments, Opinions :
Answer 1 :
You will have to report all of your income on a NJ resident return. You will report the NY sourced part of you wage on a NY Non resident return. You will compute a tax credit on your NJ return for the tax paid to NY. However, since NY has a higher tax rate on income, the credit will be limited to the amount computed by using the NJ rate. IN all likelihood, you will not owe any Nj tax on the NY part of your wages. I don't know what state taxes they are deducting but I will guess it is NY. If that is the case, you probably will breakeven on your NJ return if all of your wages earned were from the NY job. This can get complicated. You should have a tax pereparer do the work this year due to the multi state issues involved

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 About I am working in jersey city, nj right now bu...

About I am working in jersey city, nj right now but im not from here

I am working in jersey city, nj right now but im not from here?

Is there a really good restaurant around? How about other things that you would recommend in the area? thanks.

New York City - 3 Answers

People's Answers, Critics, Comments, Opinions :

Answer 1 :

Go to the mall at the Newport Pavonia stop (via the path train). They have a huge food court on the top floor with reasonably priced foods.

Answer 2 :

You can go to Newport Mall - it's huge and really nice. There is a path train that goes there its the Newport Pavonia station. Or you can take the path to 33rd street and go the the Manhattan mall. Its not that far from jersey city.

Answer 3 :

Mall food YUCK. Try checking out your local little spanish/south american restaurant. Get a plate of Ropa Viejo with arroz morros and some maduros mmmmm good and reasonable price

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About Let's say I live in New Jersey and work in N...

About Let's say I live in New Jersey and work in New York City. Is city tax deducted from my paycheck

Let's say I live in New Jersey and work in New York City. Is city tax deducted from my paycheck?

When I check out the paycheck calculator, I see that there's a section called "City tax". From that section, there's a pull down that gives the following options: "None", "New York City Resident", "Yonkers" and "Yonkers Non-Resident". If I work in NYC (Midtown Manhattan) and live in NJ, which one applies to me?

United States - 2 Answers

People's Answers, Critics, Comments, Opinions :

Answer 1 :

yep, both

Answer 2 :

I had one answerer e-mail me. He stated that he received 1100 less in refunds because NYC tax had to be paid. It is possible that NYC was not withheld from you during the year. Save all of your stubs if you not already. The pull down menu forgot that option. If you work in Manhattan, you are going to have to pay NYC tax. Best to you. www.naea.org

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About How far is Jersey City from NYC

About How far is Jersey City from NYC

How far is Jersey City from NYC?
I have not yet decided whether I will be living in Manhattan or Brooklyn. It looks like I will be working in Jersey City (financial district). How is the commute from Manahattan and Brooklyn to Jersey City? I should not have a car to make this commute, right?? My boyfriend, whom I live with, is going to school in Brooklyn
New York City - 6 Answers
People's Answers, Critics, Comments, Opinions :
Answer 1 :
why commute? why dont you live in jersey city? But the commute from Manhattan is about 10 minutes on the PATH if you're gettin off at Exchange Place, though it could be a little more, i havent gone in awhile.
Answer 2 :
Jersey City is just on the other side of the river from Manahattan so its VERY close. But if you are working in JC, why not live there? It would be a little cheaper than NYC.
Answer 3 :
jersey city is very close to nyc... if you're living in brooklyn, take subway to the world trade center.. the PATH train leaves from there and the first stop is Exchange place in jersey city... it's maybe a 5 minute ride... there are also stops at Grove street and Journal square in Jersey City which is an additional 5-10 minutes.
Answer 4 :
It's only 4 minutes' ride on the PATH from WTC station to Exchange Place station once the train gets rolling. http://www.panynj.gov/CommutingTravel/path/html/NWK_WTC_Weekday.html You DEFINITELY should not try to keep a car. And as other posters have said, you should consider living in JC or Hoboken, as there are some lovely neighborhoods with cheaper housing than Manhattan or Brooklyn.
Answer 5 :
I gotta agree with all of the answers saying that you should consider living in Jersey City (if you can afford a Manhattan or downtown Brooklyn, then you can easily swing the Newport section...many high rise apartments by the river). Plus you won't get "double taxed" for working in New Jersey and living in New York. Nevertheless...it's a 10 minute PATH train ride from World Trade Center to Exchange Place (1st stop in Jersey City) and you won't need a car to do it.
Answer 6 :
JC is actually nice, why dont you just live there. Brooklyn sucks

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About Live in New Jersey Work in New York City

About Live in New Jersey Work in New York City

Live in New Jersey Work in New York City?
I want to know if there are specific tax advantages if one were to live full-year in New Jersey and work in Manhattan versus the case where one were to live full-year in New York city and work in Manhattan. If I were to live full-year in New Jersey and work in Manhattan, will I have to pay New York city taxes? I went over form IT203 (Non-resident income tax return); it appears that I will have to pay New York state tax and Yonkers nonresident earnings tax, but there is no provision for New York city tax. Could this be a potential tax advantage over the case of living full-year in New York city and work in Manhattan? It is a decent saving. Furthermore, if I were to live full-year in New Jersey and work in Manhattan, will I be withheld taxes from New Jersey state, New York state, New York city, and Yonkers? I actually don't understand Yonkers. What is it? Is it a defined boundary or region in New York city where one work? If I work in downtown Manhattan, am I part of
United States - 1 Answers
People's Answers, Critics, Comments, Opinions :
Answer 1 :
I can't answer all of those questions, but I can give you a little bit of information. If you live in New Jersey and pay taxes another municipality or state in which you work (such as New York state, New York City, Yonkers, Manhattan), the taxes you pay to the places you work are deductible from your New Jersey income tax. In other words, whatever you pay to New York state income tax, New York City wage tax, Yonkers non-resident earnings tax, etc, is deductible from your New Jersey income tax if you live in New Jersey while working in New York

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  About I live in New Jersey but work in New York Ci...