do you still need to pay NY state income tax if moved to FL/TX
My understanding is as long as your job is based in NY, you have to pay NY state income tax, even if you work from home in other states, correct?
My understanding is as long as your job is based in NY, you have to pay NY state income tax, even if you work from home in other states, correct?
+86 | Are you “less ambitious” for having long term goals outside of NYC | 22 | 1d | |
+65 | Affair with my Associate… In Desperate Need for Advice | 23 | 4d | |
+52 | How to sound more eloquent? | 24 | 3s | |
+40 | WSO Ranking On Resume??? | 10 | 14h | |
+34 | Interviews Are So Fake | 20 | 3h | |
+30 | 2024 UK Election - Tories finished? | 18 | 6h | |
+29 | Why do people listen to Jim Cramer Investing Advice? | 13 | 7h | |
+27 | Carnivore Diet | 13 | 2d | |
+26 | Is my boss gaslighting me? | 3 | 4d | |
+24 | Chaotic Insane investment banker who passed away in the 90s or 2000s | 12 | 4d |
Career Resources
Following...
Yes, if you still "work" in NY than your employer will file as NY income (check with CPA, but maybe some advantage on non-NY income like interest/dividends/cap gains/etc. not sure but there always tax games).
The key is "transferring" to your employers Florida office!! Then they will file as FL income which magically subject their onerous 0% income tax. The bottom line is your employer needs to be on board (and have a FL office) to make this work (at least that is how I understand it.....)
You pay NY state yes, but not the city tax (assuming you left Manhattan). Latter is based on residency vs employment location.
I feel like I am going to get double whammied on taxes. Born and raised in NYC (am a NY resident) but my FT is in CA. So will I have to pay NYC taxes on top of Cali Taxes?
Are you living in NYC at the moment and working remotely at a job in CA? If not just declare CA (or wherever you're actually living) residency.
I was in NYC for a month into work, still have NY residency now in CA. Need to switch. My only concern is that I don't know how hard it is to switch back because I only intend on being in CA for 1-1.5 years and then move back home
Is this true? I was under the impression it’s not where your employer is located, but where you worked for that job. So if you lived in some other state all of last year for example but your office is in NYC, you’d file in that state and not NY.
It’s where the work happens. I live/work in TX but have had to file nonresident taxes in other states when I did extended amounts of work there (it credits against your home state taxes… which unfortunately didn’t do anything for me)
I talked to a managing partner at a major professional services firm who said they file taxes in almost every state because “some” of their income happens in every office across the country
I don't think this is true. My summer internship company was in Ohio and I was working remotely from Florida. HR told me to update my location and rebate me the income tax that was deducted from my paychecks.
Et numquam aliquam deserunt voluptatem perspiciatis similique itaque. Iusto est quaerat non tenetur. Eum iste tenetur consectetur placeat dolore autem.
Vel consequatur amet enim. Sunt numquam asperiores illo impedit commodi.
Vel culpa dolores vitae sit qui rem ullam. Quia quasi dignissimos omnis ut sit consequuntur corrupti. Totam qui voluptates deleniti incidunt.
Id ut possimus incidunt quia nam et quo ipsam. Rerum ut quae ad rerum quaerat pariatur ratione. Magnam quo et facilis quia tempore.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...