Signing Bonus and State Taxes

If you are living in a different state (Texas for example) when you receive your signing bonus and you take an offer to work in New York - how do the state income taxes work?

Can you claim your signing bonus as Texas income and pay the Texas state tax rate (0%) on your signing bonus? Or do you have to claim the signing bonus as New York income?

Does it matter how many days you lived in each state for the year, etc?

Thanks for any help that anyone may have.

 

No you will get taxed in the state where your going to work.

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I agree with seth davis (based on my own experience several years ago), with the disclaimer that you should consult your own tax advisor.

typically you are taxed based on where you live when you earn income, not where you worked when you earned the income (for example, a lot of bankers who live in NJ or CT, do not pay NYS/NYC income tax)

 

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