State tax filing

@kranthinv 

 

<< In simple terms, My paycheck will be deducted by full state tax for VA state and some minimum state tax for NC state.

Is this correct !!>>

 

not necessarily, it may be the other way around.  This is why you are going to complete two state tax returns next year.  

 

if NC has a higher tax rate than VA, you are going to pay most of the tax to NC and little to VA.  (so stated another way, you'll get a large refund from VA and might owe a lot to NC). 

 

personally, I wouldn't worry about it; doing the two state tax returns will ensure you are not getting taxed twice on the same dollar of income.