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If you live in new jersey and work in new york do get taxes for both states taken out?
Wiki User
∙ 14y ago
You can...and as you will owe to each place, should.
Wiki User
∙ 14y ago
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What state taxes do you pay if you work in another state?
Both states
My husband wants to cash in an annuity he has had since 1990,He will be 60 in May. The annuity is with Prudential. We lived in New Jersey at the time, now we live in Virginia. Do both states get a % tax, or just Virginia The annuity is under $12,000.00?
You would actually get the tax in New Jersey since that is where the annuity is from. You'll have to report it as income on your state taxes, and then Virginia may also tax you.
Would your retired parents pay taxes on income less than 32000 for 2008?
Assuming they were both over 65, filed jointly, and took the standard deduction, they would most likely owe federal taxes if their joint income was over $20,000. There are situations where they could owe taxes even if their income was lower, for example, if some of their income was from self-employment or they had not taken the Required Minimum Distribution (RMD) on their traditional IRA or 401k. And many states have even lower thresholds for state income taxes.
Why does Florida does not pay state tax?
All levels of government have their own type of funding to pay their expenses. The federal government uses mostly income and excise taxes. City and county governments mostly use property taxes. Some cities use a sales taxes in addition to property taxes. States vary. Some states, like Oregon, use primarily income taxes and don't have a sales tax. Other states, like Florida, use mainly sales taxes and don't have an income tax. Most states, use a combination and have both income and sales taxes. Some states only tax businesses and not individuals, like Alaska who gets tax income from corporations and businesses only and doesn't have a sales tax. Many states also have other types of taxes in addition to their main source of taxes (use, luxury, lodging, etc). This is how these various levels of government get their income to operate and run programs, provide services, and pay employees.
How much money for gas tax do states get back?
About 70% of every utility bill is taxes; both visible and hidden. Most of it goes to the Federal government.
Is New Jersey in Michigan?
No... New Jersey and Michigan are both states. New Jersey is on the East coast, while Michigan is further inland. I think it's time for you to know your states...
What state taxes do you pay if you work in another state?
Both states
If you win money in another state do you pay that state's taxes as well as federal tax?
Generally speaking, you owe income tax in both the state where you work and the state where you live. Since the state where you live does not have an income tax, you would owe tax in the state where you work only. You would file a non-resident return in the state where you work.Sometimes individual pairs of states have negotiated reciprocal tax agreements exempting each other's residents from taxes on their wages. In all cases, both states have income taxes.When you have to pay taxes to two different states on the same income, usually one of the states (usually the one where you live) lets you claim a credit for some or all of the taxes paid to the other state.
How would you compare new york to New Jersey?
they are both in the United States.
Can two states withhold state income taxes?
Yes and you must file income tax returns for both states.
What do Alabama and North Dakota have in common?
Alabama and North Dakota are both US states. Both states allow you to deduct some or all of your Federal Income Taxes.
What was the New Jersey Plan and the Virginia Plan both addressed the states' conflict over?
Is was for legislative representation
Which states is not surrounded by Atlantic ocena Vermont New Jersey or Delaware?
Vermont does not border the Atlantic Ocean. Both New Jersey and Delaware border the Atlantic Ocean.
If you work in South Carolina and live in North Carolina who collects state taxes?
Possibly both. Living in Washington and working in Oregon requires you to pay taxes in both states despite not receiving any benefit from Oregon.
My husband wants to cash in an annuity he has had since 1990,He will be 60 in May. The annuity is with Prudential. We lived in New Jersey at the time, now we live in Virginia. Do both states get a % tax, or just Virginia The annuity is under $12,000.00?
You would actually get the tax in New Jersey since that is where the annuity is from. You'll have to report it as income on your state taxes, and then Virginia may also tax you.
How long does it take to drive from New Jersey to Pennslyvania?
Seeing as Pennsylvania and New Jersey share a border, you could have your car in both states at once. So, the answer is 0 seconds.
Do the New York Jets players pay payroll taxes to New Jersey or New York?
You generally have to pay taxes both to the state where your principal place of work is, and to the state where you live. Despite the name, the "New York" Jets pretty clearly do work in New Jersey... the headquarters and training facilities are in Florham Park, and their "home" stadium is in East Rutherford, both of which cities are in New Jersey. (The same is true of the "New York" Giants, except that their headquarters are in East Rutherford instead of Florham Park... the two teams actually share a stadium.) So, they pay taxes to New Jersey. They may pay taxes to New York (or some other state) as well, depending on where they officially reside for most of the year.
