state-taxes
Returning Member

State tax filing

Hmm ok I see, so to follow up. Lets take this example:

 

Moved from California to NY on 10/1/23 (stayed at same job).

 

Box 1: $150,000

California State Wages (box 16) : $120,000

NY State Wages (box 16) : $150,000 (NY has entire amount listed for state just to find correct tax % and then prorates later). 

Local wages NYC (box 18) show how much I actually earned in NY alone: $50000

 

I can calculate how much I earned in California by doing Box 1 - Box 18 (150,000 - 50,000) = $100,000.

 

But my W2 lists my California state wages at $120,000, meaning I was taxed on $20,000 by both California and NY.

 

If I am understanding your answer correctly, this will be handled when I update my wages earned in California to $100,000 and will be credited in my California tax return.

 

Is this correct?

Thank you!