Is there such a thing as a reciprocal income tax in New York?

Answer by  Att4372 (1704)

All states use reciprocal income tax - you pay to the state in which the money is earned and get credit in the state where you live.

Answer by  idiotjones (705)

No, New York is NOT a state that has a reciprocal tax benefit. This means if you live in New York and work out of state, you will pay New York taxes as well as taxes in the state you work. However, residents of some states, such as Pennsylvania, can claim tax credit if they work in New York.

Answer by  tamarawilhite (17883)

If you pay income tax on income earned while living in another state part of the year or "commuter income tax" for other states while living in New York state, the reciprocal income tax agreement between those states reduces your New York income taxes owed by that amount.

Answer by  Att4372 (1704)

Most states, including New York, recognize income tax paid to other states. If you live in NY and work in a different state, you pay tax to the "work" state, and then take credit against NY state income tax. You pay NY any excess (NY tax less other state tax). It an offset; not a reciprocal (shared) tax.

Answer by  worker2746 (2434)

I am not familiar with New York tax law, so I am not sure if there is such a thing as a reciprocal income tax. I would check with the local authorities.

Answer by  YourMoneyAnswerGal (654)

There is between New York and neighboring states such as New Jersey and Connecticut, not with municipalities within New York State.

Answer by  y3636363 (1380)

Well I don't think so. I've never heard of it. You can google it on wikipedia and see if there really is.