I recently graduated from college and started a new job in NYC. When I signed my contract, I got a signing bonus for $5K. I received this check and cashed it in May, at which time I was living and working in CT. I moved to NYC later last year, and paid tax on all the income I received for working in NY. However, I'd like to claim my bonus in CT, because of the lower state tax rate I'll pay on income earned in CT. Is this reasonable? I know that money earned in NY must have tax paid in NY, but what about money earned for not doing any work, like a signing bonus? Any advice? This question is about state tax, as I think I have the federal issue worked out fine.Thanks
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