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State tax filing
I agree.
I am in a similar situation.
If I'm not married, I get all my money I pay NY back on the NJ return, at least up to what I owe.
However, the more money my wife makes in NJ, the less credit I for what I pay NY, plus my tax rate in NY goes up because I have to factor in all household income to determine the tax rate.
The formula penalizes us the more money she makes, and does not take into account any tax difference between NY and NJ. If the goal is to make sure there is a 1:1 ratio of taxes due to Jersey vs. New York, then the formula should be a ratio of what taxes are owed, not a ratio on adjusted household income
Makes no sense. Maybe if we try with individual returns we would make out better.
‎November 2, 2024
6:53 AM