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What taxes will I incur if I live in New Jersey and Work in New York?
Wiki User
∙ 16y ago
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.
Wiki User
∙ 16y ago
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If you live in new jersey and work in new york do get taxes for both states taken out?
You can...and as you will owe to each place, should.
What are the inheritance taxes rates in New York?
No New York does not have an inheritance tax. Only 11 states do have one enacted. Seventeen states have estate taxes, but New York does not have one.
What taxes do you pay if you live and work in New York?
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 use 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.
What taxes will you incur if you live in New York and Work in New Jersey?
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.
Which state do i file income tax?
You file income tax in the state where you live plus any state from which you receive taxable income. For example, if you live in New Jersey and work in New York, you file in both New York and New Jersey. If you lived in more than one state, you will have to file returns in all of the states where you lived.
If you live in new jersey and work in new york do get taxes for both states taken out?
You can...and as you will owe to each place, should.
Do the New York Jets players pay payroll taxes to New Jersey or New York?
You generally have to pay taxes both to the state where your principal place of work is, and to the state where you live. Despite the name, the "New York" Jets pretty clearly do work in New Jersey... the headquarters and training facilities are in Florham Park, and their "home" stadium is in East Rutherford, both of which cities are in New Jersey. (The same is true of the "New York" Giants, except that their headquarters are in East Rutherford instead of Florham Park... the two teams actually share a stadium.) So, they pay taxes to New Jersey. They may pay taxes to New York (or some other state) as well, depending on where they officially reside for most of the year.
If you live in New Jersey but work in New York where do you claim disability?
I work in new york but i live in new jersey
If you live in New York but work in Pennsylvania in which state do you file for unemployment?
Under the Interstate Unemployment Agreement provisions you could file in either, but preferably in New York since it is the "liable state" which collected the unemployment taxes from your employer.
What is the correct adjective for New Jersey?
New York is the proper adjective for New York, as in New York state of mind, New York bagels, and New York income taxes.
If you live in New Jersey and receive New York unemployment where do you pay taxes on it?
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.
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
If you live in New York and work in New York where do you file an unemployment claim?
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 live in Connecticut but work in New Jersey which state do you collect unemployment from?
Generally, unemployment benefits are paid by the state in which you worked. If you live in Connecticut and work in New York you most likely collect unemployment benefits from the state of New York.
Does ezpass work in Florida?
From what I see, the answer is no, the EZPass used in New Jersey, New York, Pennsylvania, etc. does not work in Florida.
What are the middle colony?
New York, New Jersey, Delaware and, Pennsylvania
What river is near New York and jersey?
The Hudson river I near New York and New Jersey.
