I am thinking about accepting a job offer out of state. My family and I live in Arizona and my wife works in AZ as a teacher. I am considering a job in New Mexico where I would stay in an apartment and travel home to AZ as many weekends as I can. She makes considerably less than I would at this new position, and NM has much higher state taxes than AZ. I am trying to figure out the tax implications of 'Married Filing Jointly' if I accept the job in NM. Paying higher taxes in NM will affect what I am willing to accept for the job offer because I do not want to accept too little and then have state taxes hurt my bottom line. What is the best approach for working this situation? Would being in AZ more than half the days of the year help me out? Is there a calculator online that I could use to enter income scenarios for my wife and I while she works & lives in AZ and I work in NM but travel home? Are there any living arrangements or filing details that I can consider to limit my tax burden? I need to see what the absolute lowest offer is that I can accept so that I will not be surprised by the taxes at the end of 2024 &/or 2025.
