Using round numbers for the sake of simplicity, say I lived in Chicago, IL for 9 months, and moved to NYC, NY for the remaining 3 months for the 2021 tax year. Say my taxable salaried wages are $120 for the year, and that I received a taxable bonus at year end (still in 2021) of $100. Total taxable wages of $220. What should my taxable wages breakdown be for the 2021 tax year by city/state as would appear on my W2?
I believe it should be laid out as follows:
Illinois: $90 taxable salary ((9/12)*$120)) + $75 taxable bonus ((9/12)*$100)) for total taxable wages for IL being: $165
Chicago: no city income tax
New York State: total taxable wages of $220 as all income regardless of where earned is reported to New York State
New York City: $30 taxable salary ((3/12)*$120)) + $25 taxable bonus ((3/12)*$100)) for total taxable wages for NYC being: $55
Is this correct?
