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I apologize if this has been brought up before, but I was wondering if anyone had experience with or knowledge of living over the border in SC but working in Charlotte? Is it worth it from a cost of living perspective? How much more of a commute is it? What are the income tax implications?
I apologize if this has been brought up before, but I was wondering if anyone had experience with or knowledge of living over the border in SC but working in Charlotte? Is it worth it from a cost of living perspective? How much more of a commute is it? What are the income tax implications?
Thanks in advance!
Property taxes are cheaper, homes are cheaper, education is decent (in Fort Mill, SC it's great), the commute is relatively short (20-30 minutes). Do a search on the NC and SC forums and you'll find lots of previous posts about the benefits of living in SC while working in Charlotte.
I can't answer to income tax implications since we're only just now sending our paperwork to our accountant, having moved to SC in July.
Correct me if I'm wrong but I believe you pay income tax in the state you had earnings in. You have to file both NC and SC state returns, but only pay in the one you had earnings in.
Correct me if I'm wrong but I believe you pay income tax in the state you had earnings in. You have to file both NC and SC state returns, but only pay in the one you had earnings in.
That may be the case - and that is what I hope to find out. I currently live in Massachusetts (unfortunately) and work in Connecticut. I pay income taxes to CT and MA gives me a credit for what I pay to CT, but since MA income tax is higher, I still have to pay the remainder. So essentially I am taxed by both states.
That may be the case - and that is what I hope to find out. I currently live in Massachusetts (unfortunately) and work in Connecticut. I pay income taxes to CT and MA gives me a credit for what I pay to CT, but since MA income tax is higher, I still have to pay the remainder. So essentially I am taxed by both states.
lol you want to live down there too! join the club! haha where in CT do you live? I am in enfield now and I'm moving to charlotte in may
I was at The Hartford before we moved to SC last summer! I was based out of the NJ office. Liberty Mutual is based in Charlotte, and The Hartford also has a couple locations in the area. Are you planning on doing a transfer?
I was at The Hartford before we moved to SC last summer! I was based out of the NJ office. Liberty Mutual is based in Charlotte, and The Hartford also has a couple locations in the area. Are you planning on doing a transfer?
Probably not. The Hartford's office in Charlotte is mostly sales and underwriting. I am in Corporate Finance/Expense. I am looking at either BoA or Wachovia, but also considering a few others. I love working for The Hartford, but don't want to remain in this area.
I am not sure about this one so I will have to research it further, however, I believe I have read that the counties of York and Lancaster are considered by the two states are part of the "Charlotte Region". What this means is, if you work on one side of the line and live in the other, you only have to file taxes in your state of residence. I am not sure as to the details but from what I understand, if you live in say York county and work uptown, your W2 would be representative of SC state income tax and your employer would therefore deduct and pay taxes to SC not NC. This way at the end of the year, you have only paid taxes to your state of residence and will only have to fill a return for that state.
From what I understand this is may play a roll in in state tuition. I came across this talking to graduate offices at UNCC and Winthrop for my wife. UNCC said if we lived in York County for > 1 year we could get in state tuition to that campus. Winthrop mirrored this by saying if we lived in Char/Meck for > 1 year we would qualify for in state tuition to their campus. Weird situation but very logical considering the "blurred state line" surrounding Charlotte Metro.
If anyone has any insight to clear the water please let me know as I will be dealing with both states (live in Fort Mill, work UT) come this summer.
I heard the same thing about tuition. There's some kind of partnership that they have going on. Maybe things have changed though--a while back (probably 2 years ago), I was told by someone at UNCC that I would have to pay out-of-state tuition to take classes there (I was living in York County at the time), but it's been widely publicized that North Carolinians who live in Mecklenburg, Gaston, and I forget the other counties--they can attend Winthrop and pay in-state tuition. I didn't take the classes, of course, and now that I live in NC, it wouldn't apply. But that in-state tuition thing sounds right for Winthrop.
As far as the SC to NC commute goes, it never took me more than 45 minutes to get where I was going if I needed to head anywhere in the Charlotte area. That includes the University area, uptown, south Charlotte, etc. I lived around Clover (nearest interstates are in Fort Mill and in Gastonia). The commute from Rock Hill or Fort Mill into Charlotte is a bit quicker.
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Me too!
