Salary calculator if job moves to a different state but employee does not

[w¡n9Nµ7 §£@¥€r 123]

Anyone know of a website that addresses the problem of "If I were to commute to a job in state Y instead of commuting to my current job in state X, how much would I have to make to maintain my current standard of living?".

Anyone seen anything like this online? I've seen plenty of the opposite online, i.e. calculators that address the problem of the employee moving.

To be more specific, I am mulling over a possible job change from New Jersey to NYC. I already have a decent handle on the extra transit costs (minus deductions) and savings in gasoline costs. What I don't have a good handle on is the new taxation structure I'd be subject to by working in NYC. I could pore over the tax websites and figure it out, but if a website existed that already did my homework for me, that would be a nice place for me to get a first impression of 'how much' to expect if I made this move.

Help!

[mawilson 2,133]

To be more specific, I am mulling over a possible job change from New Jersey to NYC. I already have a decent handle on the extra transit costs (minus deductions) and savings in gasoline costs. What I don't have a good handle on is the new taxation structure I'd be subject to by working in NYC. I could pore over the tax websites and figure it out, but if a website existed that already did my homework for me, that would be a nice place for me to get a first impression of 'how much' to expect if I made this move.

NY state tax will be deducted from your paycheck (it's about the same as NJ).

At the end of the year, you're going to file NY state taxes (as a non-resident) as well as NJ state taxes.

Whatever you paid in NY will be refunded to you as a tax credit on your NJ tax return.

[w¡n9Nµ7 §£@¥€r 123]

Hmm. Ok that gives me a better idea of where to look on these tax sites. What I want to find out, I suppose, is whether my full NY tax gets credited on my NJ return of if there's a limit. Thanks for the info, mawilson!

[ChristinaM 0]

There is an interesting "standard of living" calculator which I think takes that kind of thing into account, but being my usual helpful self, I can't think of the name of it.

[Saddle Bronc 124]

Anyone know of a website that addresses the problem of "If I were to commute to a job in state Y instead of commuting to my current job in state X, how much would I have to make to maintain my current standard of living?".

Anyone seen anything like this online? I've seen plenty of the opposite online, i.e. calculators that address the problem of the employee moving.

To be more specific, I am mulling over a possible job change from New Jersey to NYC. I already have a decent handle on the extra transit costs (minus deductions) and savings in gasoline costs. What I don't have a good handle on is the new taxation structure I'd be subject to by working in NYC. I could pore over the tax websites and figure it out, but if a website existed that already did my homework for me, that would be a nice place for me to get a first impression of 'how much' to expect if I made this move.

Help!

Um, usually you're taxed depending on where you RESIDE rather than where you work. Common experience for people in DC area (loads work in Crystal City, Oakton or McLean--commuting from Gaithersburg or Silver Spring).

[mawilson 2,133]

Hmm. Ok that gives me a better idea of where to look on these tax sites. What I want to find out, I suppose, is whether my full NY tax gets credited on my NJ return of if there's a limit. Thanks for the info, mawilson!

I don't think there's any limit. Good luck, Gupt! It'll be good to have you here in NYC.

[Saddle Bronc 124]

Hmm. Ok that gives me a better idea of where to look on these tax sites. What I want to find out, I suppose, is whether my full NY tax gets credited on my NJ return of if there's a limit. Thanks for the info, mawilson!

There's an easier way than that; you can fill in a NJ state tax form for your employer so that exactly NJ income tax is deducted (if you wish to continue residence in NJ).

The issue of interstate tax-crediting only comes up if you actually LIVE part (or all) of the year in the state where you work.

[w¡n9Nµ7 §£@¥€r 123]

Hmm. Ok that gives me a better idea of where to look on these tax sites. What I want to find out, I suppose, is whether my full NY tax gets credited on my NJ return of if there's a limit. Thanks for the info, mawilson!

There's an easier way than that; you can fill in a NJ state tax form for your employer so that exactly NJ income tax is deducted (if you wish to continue residence in NJ).

The issue of interstate tax-crediting only comes up if you actually LIVE part (or all) of the year in the state where you work.

New York taxes non-residents who work in New York.

New Jersey will allow me to credit the amount I pay to 'other jurisdictions' on my NJ return, up to the amount of my NJ state tax liability (mawilson, not all of it will be creditable).

I'm basically looking at 1-2 percentage points extra in taxes.

[payxibka 10,045]

Hmm. Ok that gives me a better idea of where to look on these tax sites. What I want to find out, I suppose, is whether my full NY tax gets credited on my NJ return of if there's a limit. Thanks for the info, mawilson!

There's an easier way than that; you can fill in a NJ state tax form for your employer so that exactly NJ income tax is deducted (if you wish to continue residence in NJ).

The issue of interstate tax-crediting only comes up if you actually LIVE part (or all) of the year in the state where you work.

New York taxes non-residents who work in New York.

New Jersey will allow me to credit the amount I pay to 'other jurisdictions' on my NJ return, up to the amount of my NJ state tax liability (mawilson, not all of it will be creditable).

I'm basically looking at 1-2 percentage points extra in taxes.

You need to see if the states have a reciprocal agreement as well. For example, if you are a resident of Wisconsin but work in Minnesota, the reciprocal agreement between these two states allows the Wisconsin resident to file the Minnesota earned wage as if it was Wisconsin income. Many border states have these agreements.

[mawilson 2,133]

New Jersey will allow me to credit the amount I pay to 'other jurisdictions' on my NJ return, up to the amount of my NJ state tax liability (mawilson, not all of it will be creditable).

Hmm. You're right.

[Ban Hammer 13,345]

Um, usually you're taxed depending on where you RESIDE rather than where you work.

kansas/missouri work different - apparently they have some agreement where it's taxed on where you work, not where you reside.