Submitted by Amsterdaamed t3_zvrt5d in jerseycity
Amsterdaamed OP t1_j1rfl4l wrote
Reply to comment by PostPostMinimalist in JC or Brooklyn? by Amsterdaamed
But you still pay NY state taxes right?
PostPostMinimalist t1_j1rggon wrote
That one is more complicated. In short, yes but you'll get a credit towards NJ state taxes so you aren't actually 'double taxed.' Have to file a return in both states and the math for calculating what you owe is a bit weird but it basically works out to be similar to working in only one state for most people since the NJ versus NY rates are similar enough.
NewLoseIt t1_j1rh87g wrote
Yes, but NJ taxes are roughly the same as NYS taxes (actually a smidge more in most brackets, but JC/Hoboken offers SIGNIFICANTLY better infrastructure than Long Island or Westchester)
It’s the city taxes that make the most difference
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