Asking for opinions here. I am an NJ resident. Does it make more sense to work in NY or NJ (purely on a tax perspective for this discussion)?
This is what I understand:
1. NJ state taxes < NY state taxes
- It is possible to work in NY and then file taxes in NJ after without having to double pay so this may not be a great concern.
2. NJ SDI (max: 649.54) > NY SDI (max: 0.60/week)
- For SDI, does it only have to be paid in the state you are working in?
- If I work in NJ, I will pay for NJ SDI. But if I work in NY, the NY SDI will be withheld but when I do file taxes, do I have to pay the additional to NJ since NJ's SDI is higher?
3. NJ has SUI (max: 153.86) while NY does not.
- For SUI, does it only have to be paid in the state you are working in?
- If I work in NJ, I will pay for NJ SDI. But if I work in NY, there is no NY SDI so when I do file taxes, do I have to pay the additional to NJ?
Thank you in advance!
