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I currently work in Jersey City and live in Brooklyn. After preparing my 2008 taxes, I was shocked to see how much I owe under NY State and NYC. I'm debating if I should move to Jersey City. Is it true that Jersey City has no local income tax?
Can someone please breakdown the difference between what my taxes would be like if:
A) I live and work in Jersey City
B) I live in NYC and work in Jersey City
Info: Single, $75K/yr income, currently renting
I hope this is enough info
Thanks!
I currently work in Jersey City and live in Brooklyn. After preparing my 2008 taxes, I was shocked to see how much I owe under NY State and NYC. I'm debating if I should move to Jersey City. Is it true that Jersey City has no local income tax?
Can someone please breakdown the difference between what my taxes would be like if:
A) I live and work in Jersey City
B) I live in NYC and work in Jersey City
Info: Single, $75K/yr income, currently renting
I hope this is enough info
Thanks!
You can do this for yourself: Paycheck calculator, making sure you tick the box for NYC.
I am in the same boat as you - live in Manhattan, work in Jersey City.
Used to live in Jersey City and yes, if you live in JC and work there, you only pay Jersey taxes. No local taxes.
If you live in NYC and work in JC you get whacked with NJ, NYS and NYC taxes. Yes, you get some back. In my case I actually pay more in Jersey taxes than NYS taxes (not including NYC taxes).
New Jersey sends you a check for renting every year. It was only 50 bux...but still. And you get taxed twice but there is a law that you can only pay taxes in one state..(I think this is why) you get your Jersey taxes back. Newport is really nice in a high rise kind of way, as is Paulus Hook in a brownstone way. Its only 15min into the city.
Jersey City is, in many ways, really similar to Brooklyn. Mix of luxury hi-rise, and older historic brownstone neighborhoods. Stick to the Downtown neighborhoods...other areas tend to be a bit sketchy.
Lots of great restaurants, cafes, bars, and more are popping up. I'd move to JC for the commute alone...you will be able to walk to your office if you move to one of the Downtown neighborhoods. 10-15 minute walk...no expense!
My uncle used to live in JC. I loved it . I live in BK and I may move back to NJ ....I dont understand living in one state and working in the other..The commute costs money tolls etc. I prefer to VISIT NYC rather than live here but its up to you
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