Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > New Jersey
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 11-07-2007, 10:10 AM
oce oce started this thread
 
5 posts, read 30,763 times
Reputation: 23

Advertisements

I heard that if you work at NYC and live in NJ, you do not need to pay the 3% NYC tax. But I have read some thread here saying that you have to pay NY and NJ tax. I am not sure what does that mean. Would someone kindly explain the tax implication over this?? Thank you very much for the help!
Reply With Quote Quick reply to this message

 
Old 11-07-2007, 10:27 AM
 
Location: Atlantic Highlands NJ/Ponte Vedra FL/NYC
2,689 posts, read 3,963,178 times
Reputation: 328
Quote:
Originally Posted by oce View Post
I heard that if you work at NYC and live in NJ, you do not need to pay the 3% NYC tax. But I have read some thread here saying that you have to pay NY and NJ tax. I am not sure what does that mean. Would someone kindly explain the tax implication over this?? Thank you very much for the help!
generally whatever you pay to NY gets written off of your NJ liability
Reply With Quote Quick reply to this message
 
Old 11-07-2007, 10:39 AM
oce oce started this thread
 
5 posts, read 30,763 times
Reputation: 23
sorry i don't get it, what does it mean pay to NY gets written off of your NJ liability? so I need to pay again?
Reply With Quote Quick reply to this message
 
Old 11-07-2007, 12:17 PM
 
9,124 posts, read 36,369,826 times
Reputation: 3631
If the NYC rate is 8%, and the NJ rate is 6%, you pay the 8% to NYC, and write that amount off on your NJ return- you'd therefore owe NJ nothing. If your NJ liability was higher than what you paid to NYC, you'd only have to pay NJ the difference. IT rarely works out that NJ's amount due is higher than NYC's.
Reply With Quote Quick reply to this message
 
Old 11-07-2007, 12:31 PM
 
173 posts, read 818,654 times
Reputation: 135
I think it works like this. Once you change your address with the HR / payroll person at your company, the New York City tax of 3% is no longer automatically deducted from your paycheck. Big savings. As the others said, I think you are still taxed by New York State, and you apply on your NJ tax return what you paid to NY.
Reply With Quote Quick reply to this message
 
Old 11-08-2007, 08:40 PM
oce oce started this thread
 
5 posts, read 30,763 times
Reputation: 23
thanks a lot.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > New Jersey
Similar Threads

All times are GMT -6. The time now is 01:08 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top