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silverice2388
silverice2388 asked in Business & FinanceTaxesOther - Taxes · 1 decade ago

I recently moved to a state with a State Income Tax and need help understanding the situation?

I'm 22 and got a new job in New York. While in Texas this year I earned about 5k and now that I have moved to New York I will have earned an addition 12k or so. Legally, I am a Texas resident but my question is which state should I be a resident of to minimize the amount I will be taxed or does it matter? Basically, should I become a New York state resident (which I will have to do eventually) BEFORE I file my returns or after?

Thanks!!!

Update:

Would I have to pay a higher percentage for being a non-resident?

2 Answers

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  • Judy
    Lv 7
    1 decade ago
    Favorite Answer

    If you are just going to school in NY and working while you were there, you might still be a Texas resident. But if you moved to NY and took a job there, not just something temporary like while in school there, you legally became a NY resident when you moved.

    Since TX doesn't have a state income tax, there's nothing to file there. But you will have to file a NY state return for the time you were in NY. Even if your stay in NY is temporary, you'd still file a NY return but it would be a non-resident return rather than a part-year resident return - it wouldn't get you out of paying NY taxes anyway though.

  • Helen, EA in PA
    Lv 5
    1 decade ago

    The tax rate would be the same. And if you are in NYC, there is an additional tax.

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