It's not an easy question to answer. New York and New Jersey calculate their taxes differently. New York starts with your federal AGI and then makes adjustments up and down. As a non-resident, New York will calculate your tax based on all your income from any source, anywhere, and then prorate the tax based on the fraction of your total income from New York sources.New Jersey is a Gross Income Tax -- there are no losses or subtractions. There are virtually no deductions other than alimony and a more liberal medical expense allowance. New Jersey will allow you a credit against its tax for the tax you pay to New York.Fortunately, New York City's non-resident wage and self-employed earnings tax was repealed in mid-1999 by the New York State Legislature (to the dismay of New York City).Ira
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra