Go Back   Tax Forum - Payroll, Accounting and Tax Help Forum > State Taxes > New York Taxes

We Recommend

Post New Thread  Reply
Thread Tools Display Modes

We Recommend

Old 10-20-2015, 09:04 PM   #1
Junior Member
Join Date: Oct 2015
Posts: 1
Rep Power: 0zzapapa is on a distinguished road
Read. Ask. Learn.
Paying NY Taxs, Living in NJ

Registered users do not see advertisement
Hi everyone,

Just got a quick question as I am very unfamiliar with how taxes work here in the States.

I moved here last year (Sep 14) and lived on the UWS in NYC. I started my job in April 2015 (still living in NYC and filled out the paperwork accordingly), I then moved to New Jersey (Hoboken) on June 1st 2015.

I understand that I still pay some kind of NY tax as I work in Manhattan but I feel I might be being overtaxed as my pay slip shows nothing from NJ coming out. Seems like the IRS still thinks I live in NYC.

My question is: will I get this refunded at the end of year as I can prove I have been living in NJ or do I have to suck up my loss due to my laziness?

An extension question: how do I actually let the IRS know I have moved?

Cheers all!

P.S. I am single, male, no dependents, and claim zero exemptions.
zzapapa is offline   Reply With Quote
We Recommend

Old 10-22-2015, 04:22 PM   #2
Senior Member
Join Date: Mar 2011
Location: NY
Posts: 424
Rep Power: 7Trailman is on a distinguished road
Read. Ask. Learn.
The short answer is that most likely NY will tax this money and NJ will not. Therefore, your withholding is probably OK.

The long answer is a bit longer:

At the end of 2015, you will file as a NY State and NYC resident for the period of 1/1/15 through 6/1/15. All income earned during this period will be taxed by both NYS and NYC. In addition, you will also file as a nonresident (the period of 6/2-12/31/15) and will be taxed (by NYS, not NYC) on any NY source income. Your NY source income is at the very least your wages. I don't know if you have any other income that must be considered.

You will also file a NJ return as a part year resident for the 6/2-12/31/15 period. All income earned (that is taxable in NJ) during this period must be reported and tax will be calculated on it. However, NJ will allow a credit for taxes that were paid to NY. Since generally speaking NY taxes are higher than NJ, the resulting affect is that NY taxes your wages and NJ does not.

Your employer may not be required to withhold taxes for NJ, and therefore there are no entries for it on your pay stub. Even if your employer was required to withhold, the withholding rules generally take this credit into account. Therefore, it is normal for a person in your situation to have only NY tax withheld.

I assume that you informed your employer of your move. You may want to check your pay stub to be sure that NYC tax is no longer being withheld. Since you are no longer a city resident, you are not subject to tax or withholding on your earnings.

As a point of clarification, the IRS has nothing to do with your employer withholding for any state.

If you wish to inform the IRS of your move, see here: https://www.irs.gov/Help-&-Resources...ddress-Changes
Trailman is offline   Reply With Quote
While you may find opinions of forum members useful, they don't take the place of professional legal advice. TaxForum.us suggests that you find professional legal help for all your legal questions since every situation is different and depends on your state tax laws.

The information presented on this site comes without any warranty of correctness and, therefore, should not to be relied upon as professional advice. No attorney client relationship is created through use of this site.
Post New Thread  Reply

Special Offers
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

All times are GMT. The time now is 09:50 PM.

Free Tax Help® Version 3.8.4
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.

Approved TurboTax Affiliate Site
TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.
vRewrite 1.5 beta SEOed URLs completed by Tech Help Forum and Chalo Na.