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sg54158
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Does NJ tax my interest and dividend income if I live in NY and work in NJ

 
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Does NJ tax my interest and dividend income if I live in NY and work in NJ

No. Your resident state (NYS) is entitled to tax ALL your income, including interest & dividends no matter where the account is located. In most cases, non-resident states (NJ) generally can only tax wages and business & gambling income earned in those states; they cannot tax non-resident interest & dividends even if the account was opened there.

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Does NJ tax my interest and dividend income if I live in NY and work in NJ

No. Your resident state (NYS) is entitled to tax ALL your income, including interest & dividends no matter where the account is located. In most cases, non-resident states (NJ) generally can only tax wages and business & gambling income earned in those states; they cannot tax non-resident interest & dividends even if the account was opened there.

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