Hi - I need some help with a tax question. I will be starting a new job. I live in CT but will be working in New York (not New York City). How will my employer set up my tax situation? Will I have taxes from both states come out of my paycheck? I am worried about this for cash flow reasons.
I will be making $170,000 with the income coming from the State of New York.
I think my employer will set up my taxes so that only New York comes out and I will pay all of my tax to New York and then get a credit from the State of CT on taxes paid to NY and not end up owning taxes to both states?
I am more worried about how this is going to be reflected in my paystubs?
Thank you