If you’re living and working in different states, plan on filing taxes in two states.
For many, working and living in different states can save you a lot of money. This is especially true if you work in an expensive city like New York City.
The commute from New Jersey to the Big Apple may be much more attractive to you, especially if you’re looking for more space, lower costs and fewer people.
However, you’ll want to keep in mind that those who work and live in different states are required to file taxes in both states.
In other words, you’ll need to file both a New Jersey and New York state tax return.
File a nonresident NY state tax return and a resident NJ state return
If you’re working in a different state than you live in, you’re required tofile:
- a non-resident state return to the state you work in
- a resident state return to the state you live in
- a federal tax return (more…)