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talk2obaro
New Member

What are the tax pros and cons of living in Yonkers but working in NYC?

 
7 Replies
DanielV01
Expert Alumni

What are the tax pros and cons of living in Yonkers but working in NYC?

The only two NY cities that have a separate tax are Yonkers and NYC.  Yonkers taxes you if you live or work in Yonkers, but NYC only taxes you if you live there (you are not taxed in NYC for your work performed there).  

If you live in Yonkers and work in NYC, you will be taxed by Yonkers on your NY State return for your Yonkers residency.  You will not be taxed in NYC for working in NYC.  (If you live outside of Yonkers and work in NYC, you will not be taxed to either Yonkers or NYC).

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TomY123
New Member

What are the tax pros and cons of living in Yonkers but working in NYC?

If I live in NYC, but work in Westchester County, do I need to pay for the NYC income tax? Or I'll need to pay both income tax in Yonkers and NYC?

MaxwellSmart
Level 3

What are the tax pros and cons of living in Yonkers but working in NYC?

Nope just NYC

jasonortiz96
New Member

What are the tax pros and cons of living in Yonkers but working in NYC?

What if you work in Yonkers, but live in NYC? Do you pay both Yonkers and NYC? 

TomD8
Level 15

What are the tax pros and cons of living in Yonkers but working in NYC?

@jasonortiz96 --

 

See "Individuals with Yonkers income" in this NY tax reference:

https://www.tax.ny.gov/pit/file/nyc_yonkers_residents.htm#:~:text=Individuals%20with%20Yonkers%20inc...

**Answers are correct to the best of my ability but do not constitute tax or legal advice.
jasonortiz96
New Member

What are the tax pros and cons of living in Yonkers but working in NYC?

That doesn’t answer my question. It’s a simple yes or no question. 

TomD8
Level 15

What are the tax pros and cons of living in Yonkers but working in NYC?

@jasonortiz96 --

 

The yes/no answer is Yes.  You will pay the NYC resident tax and the Yonkers non-resident tax.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

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