Thursday, December 16, 2010

About question about student living in Connecticut but school and work in new york

Question about student living in Connecticut but school and work in new york?
Hey guys so I plan on going to school in new york and possibly getting a part time job there, what would i do about taxes? do i pay connecticut taxes or new york taxes? thank you a head of time!
United States - 4 Answers
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1 :
You would file a non-resident return for the state of New Your along with your federal return.
2 :
Some states have a reciprocol agreement where the state you work in holds out taxes for the state you live in. For example, I live in WV but work in OH. My employer holds out WV state tax and I only file in WV. You can go to the Connecticut and New York state tax web sites and find out how they do it.
3 :
Your employer should withhold New York State taxes. The general rule of thumb for withholding is where you work. When you file your tax return, you would file: A federal return (of course) A NY nonresident return (report only your earnings in NY). A CT resident return (report everything, including your earnings in NY, you would be able to take a resident tax credit for taxes paid to NY state on your CT return)
4 :
You will withhold taxes in New York, file as a nonresident, and file (and pay) taxes in Connecticut. Ask your payroll department for how much to withhold. I've linked below to a blog post that clears things up further.

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