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Author: TMFPMarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 118719  
Subject: Re: Wages in more than 1 State Date: 1/29/2013 6:25 PM
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Thinking this might be good news since taxes are fairly high in New York and anything that lowers my state wage base would be good.

Nice try, but it doesn't work that way. Assuming you live in NY, you are a resident of NY, which taxes all your income wherever earned. You are a nonresident of all the other states involved. Unless NY has a reciprocity agreement with a "foreign" state you'll pay that state based on its nonresident rules. This may or may not involve actually paying anything. It all depends on the state. NY probably gives you a credit for all or a portion of what you pay another state for income NY is also taxing. You do your returns in this order:

1. Federal
2. Nonresident state(s)
3. Resident state

Try to look on the bright side. It's possible to be considered a resident of two states at the same time.

Phil
Rule Your Retirement Home Fool
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