What taxes will I incur if I live in New Jersey and Work in New York?
NY and NJ are constantly at war over reciprocal tax policy...you've probably seen articles about the "commuter tax". Basically, along an apportionment formula you will pay to both states. What you pay to NY should become a credit to what you would have paid to NJ on that same income. Because of a number of factors, like NY having a higher tax rate on that money, you will pay slightly more than if you had worked & lived in NJ only.
22 people found this useful
You live in New York but work in New Jersey is unemployment income received from New Jersey where it is not subject to NJ state taxes a taxable item you must claim on your New York state tax form?
Yes you will report the unemployment payment amount that you received on your New York income tax return and could owe some taxes on the amount of UI received as a resident of… NY.
Answer: You file for unemployment from the "liable state" which collects the unemployment insurance from the employer you worked for. In this case, the "liable state" is New… York. If you work 18 months only in New York, but live outside the state, you MUST file with New York. If you worked in 2 or more states, you can file in any of them, or even combine your earnings from several employers. See the Related Link below for more details.
You file in the state that is "liable", the state where you worked, because it is the state that collected the unemployment taxes from your employer.
Taxes for boith States...and with an ever going dispute over some receprocity things (called a commuter tax)...you'll pay slightly more than you would if you were in one State….. Virtually all the commercial software handles it (and there are several different methods - all somewhat complex - to calaculate it) very well. Use them.. Basically NJ has a right to income you earn there, but not things like interest or investment income, etc. Sourcing where things are made can be interesting....and there is even a simple percentage calculation avaialbale...finally, your home state gives you a credit for what you paid other places, although it may not always cover the same amount of income - hence the disparity sometimes.
This depends on where you work and how your pay check is issued, ie which state your unemployment insurance is paid to. The state that INSURES you against unemployment is the …one that pays you. Do not confuse this with tax filing as you will file taxes in the state that you reside.. Also relevant is the fact that you can move to another state after you turn unemployed and still collect your unemployment money from our earlier host state. Do bear that in mind.
New York, which is a shame because New York has a lower unemployment payout rate than New Jersey.
You can...and as you will owe to each place, should.
The "liable state" where the employer pays his unemployment taxes to is where you claim, in this case New York
You pay sales tax to whichever state you buy something from. It this case, it will be NY. However, you will have to pay property tax for your car in NJ because that is where y…ou live.
I work in new york but i live in new jersey
New Jersey because that's where you live.
Something sounds wrong here and should be checked into. In ALL states, the employers, not the employees, pay the unemployment taxes based on the wages the employer pays his wo…rkers. Also, only the state of Pennsylvania should be involved.
In New York
Yes, on a road trip or holiday or you could park it there and walk
In New York
If I work in New Jersey but live in new york does my unemployment qualifications go be New Jersey rules?
If u WORK in NJ ur not unenployed smh
In the state of New York you would pay income tax and sales tax. If you own property you would pay real estate taxes to your town/city and county. If you buy gasoline for us…e in a car or other road vehicle you would pay gasoline tax. If you stay in a hotel you will pay hotel taxes. If you buy cigarettes or liquor you will pay separate taxes on those products. If you run a company, you will pay payroll and business taxes. If you buy or sell stocks or bonds you will pay taxes on those transactions.
YES and federal tax too. They did it to ME