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What happens if you live in NJ and work in NY?

By Robert Clark |

Although in some cases you may be able to deduct travel expenses, this applies only if your duties require you to work away from your main place of business for longer than your regular work day. If you live in New Jersey and work in New York, expenses are not deductible because your main place of business is in New York.

How to report wages in New York State?

Full-year New York State nonresident employees who perform all of their services in New York State The amount of wages that must be reported in the State wages, tips, etc. box on federal Form W-2 is the same as the amount of federal wages required to be reported in box 1, Wages, tips, other compensation.

Do you have to pay NY state income tax if you work in NY?

If you live in New York City or certain other cities in New York, you may be required to pay a city income tax in addition to your state income tax. If you don’t live in those cities but do work in them, you are not required to pay the tax.

Is there a tax credit for working in NY and living in NJ?

This will be largely separate from your state tax returns. There is no specific credit for “work in NY, live in NJ taxes,” but New Jersey generally offers a tax credit for taxes paid to taxing authorities outside the state.

Where to move from New York to New Jersey?

In terms of moving from NY to NJ, Shleppers offers moving services out of each of the boroughs. They are as follows: New York’s busiest and most lively borough is where much of our New Jersey bound clientele works and commutes to every day from New Jersey.

Can a New Jersey resident file a W-2 in New York?

W-2 reporting for New Jersey Residents working in New York. The New York portion of the W-2: By law, New York employers are required to report in Box 16 of your W-2 the same amount that is reported in Box 1, regardless of what portion of the wages were actually earned in New York.

When do you live in one state and work in another?

Living in One State, Working in Another. If you work in one state and live in another, taxes may not be straightforward. You might be required to file in multiple states. Similarly, if you move during the year or have an internship or clerkship for a few weeks in another state, you may be required to file in more than one state.

Why do people work so long in New York?

New Yorkers tend to work longer hours than folks in other cities. In part, that’s because the workday itself is longer, but it’s also because New Yorkers tend to have long commutes. If you want to have plenty of free time to pursue side hustles or hobbies, working in New York might not be the best fit for you.

What’s the work culture like in New York?

New York work culture takes some of its cues from Silicon Valley. Some New York workplaces are taking their cues from the start-ups of Silicon Valley, implementing casual attire, flexible workdays and other features.