Friday, February 3, 2012

I realize that some taxes for NYC and/or NY state are reduced if I pay off NJ taxes, but am I still paying more than if I just worked and lived in NYC? What do I do?|||You are NOT paying more taxes than if you lived and worked in NYC. You do have to pay nonresident NJ state tax, but you get full credit by that amount toward your NY tax -- so you come out in exactly the same place. Since the NY state tax is higher than the NJ state tax, there is a tax increase for NJ residents who go to work in NY, but not the other way around.|||There's nothing you can do about that, save moving to NJ, or getting a new job in NY. You definitely get ripped off when you work in a different state than you reside.

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