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jellybean78
:)
Member since 8/06 13103 total posts
Name:
Mommy
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If you moved from NYC to the burbs
Did your NYC income tax withdrawal from your paycheck decrease significantly? I heard that although property taxes are higher on LI and lower in NYC, if you don't live in NYC they don't take out NYC tax from your paycheck so it essentially evens out somewhat.
Does anyone have experience with this and know if this is true? TIA!
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Posted 3/7/12 1:04 PM  |
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Prudential Douglas Elliman Real Estate
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Cheeks24
Living a dream
Member since 1/08 8589 total posts
Name:
Cheeks
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Re: If you moved from NYC to the burbs
When you move to LI you don't have that tax come out of your check anymore.
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| Posted 3/7/12 1:17 PM |
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pnbplus1
Family
Member since 5/09 5751 total posts
Name:
Mommy
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Re: If you moved from NYC to the burbs
Posted by Cheeks24
When you move to LI you don't have that tax come out of your check anymore.
This.
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| Posted 3/7/12 1:29 PM |
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8ternity
<3
Member since 11/08 10586 total posts
Name:
Formally NYPD-Wife
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Re: If you moved from NYC to the burbs
For me NYC Local taxes were $40 so nothing significant. Make sure you go to HR to change your address so they can remove the Local Taxes through payroll.
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| Posted 3/7/12 4:22 PM |
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BeachGal
LIF Adult
Member since 2/10 2827 total posts
Name:
J
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Re: If you moved from NYC to the burbs
Yes! The savings were significant!
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| Posted 3/7/12 11:48 PM |
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drpepper318
MIR MIR MIR!
Member since 6/07 8274 total posts
Name:
me
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Re: If you moved from NYC to the burbs
Posted by BeachGal
Yes! The savings were significant!
I have a family member who did this & between him & his wife, they take home about 7K more per year in their paychecks by not having to pay nyc tax.
And because property taxes on their house on LI are only 3K more than they were on their house in the city, they end up saving several thousand a year due to not having to pay the nyc tax.
Sounds good to me.
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| Posted 3/8/12 8:08 AM |
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jellybean78
:)
Member since 8/06 13103 total posts
Name:
Mommy
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Re: If you moved from NYC to the burbs
Thanks everyone!
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| Posted 3/8/12 9:30 AM |
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maybesoon
LIF Adult
Member since 9/09 5981 total posts
Name:
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Re: If you moved from NYC to the burbs
Yeah we moved last year and never changed it, our state return is very large ths year
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| Posted 3/8/12 2:12 PM |
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JustATwinkle
LIF Infant
Member since 8/11 197 total posts
Name:
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Re: If
Message edited 5/8/2012 1:26:21 PM.
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| Posted 3/8/12 2:18 PM |
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HeyJude
LIF Adolescent
Member since 9/07 820 total posts
Name:
p
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Re: If you moved from NYC to the burbs
What was being withheld in NYC local tax just about covered the new expense of my LIRR monthly ticket.
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| Posted 3/8/12 3:51 PM |
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Cheeks24
Living a dream
Member since 1/08 8589 total posts
Name:
Cheeks
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Re: If you moved from NYC to the burbs
Posted by 8ternity
For me NYC Local taxes were $40 so nothing significant. Make sure you go to HR to change your address so they can remove the Local Taxes through payroll.
This is a must! And make sure they know you don't live within the 5 boros!! At a previous job the person in HR had my address correct but still had this tax taken out. I caught it a few months later. Someone that I used to work with at another job moved from NJ into the city (and changed her address to the city address) and they never took the tax out. She had a lot of NYC tax to pay this year.
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| Posted 3/8/12 4:04 PM |
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newlywedT
LIF Adolescent
Member since 9/11 793 total posts
Name:
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Re: If you moved from NYC to the burbs
Does anyone know what effect it has if we move to Long Island, but keep our apartment in the city?
The house in LI would be the primary residence.
I heard as long as the LI house is the primary then you do not pay NYC tax, but someone else said "Good luck convincing the city that you are not staying at the apartment in the city"
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| Posted 3/9/12 12:14 AM |
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Goobster
:)
Member since 5/07 27557 total posts
Name:
:)
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Re: If you moved from NYC to the burbs
It was a large difference when you added up DHs local tax and my local tax, when we no longer had to pay that.
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| Posted 3/9/12 1:55 AM |
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jellybean78
:)
Member since 8/06 13103 total posts
Name:
Mommy
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Re: If you moved from NYC to the burbs
Posted by newlywedT
Does anyone know what effect it has if we move to Long Island, but keep our apartment in the city?
The house in LI would be the primary residence.
I heard as long as the LI house is the primary then you do not pay NYC tax, but someone else said "Good luck convincing the city that you are not staying at the apartment in the city"
Ooohh thats a good question since if we do move, we won't be selling our apartment in the city.
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| Posted 3/9/12 9:45 AM |
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newlywedT
LIF Adolescent
Member since 9/11 793 total posts
Name:
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Re: If you moved from NYC to the burbs
Posted by jacquig
Posted by newlywedT
Does anyone know what effect it has if we move to Long Island, but keep our apartment in the city?
The house in LI would be the primary residence.
I heard as long as the LI house is the primary then you do not pay NYC tax, but someone else said "Good luck convincing the city that you are not staying at the apartment in the city"
Ooohh thats a good question since if we do move, we won't be selling our apartment in the city.
Met an accountant over the weekend and briefly brought this up.
He said that its very tough convincing NYC that you're not staying there.
So you'll still have to pay NYC tax.
Which sucks.
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| Posted 3/26/12 1:32 PM |
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jellybean78
:)
Member since 8/06 13103 total posts
Name:
Mommy
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Re: If you moved from NYC to the burbs
Posted by newlywedT
Posted by jacquig
Posted by newlywedT
Does anyone know what effect it has if we move to Long Island, but keep our apartment in the city?
The house in LI would be the primary residence.
I heard as long as the LI house is the primary then you do not pay NYC tax, but someone else said "Good luck convincing the city that you are not staying at the apartment in the city"
Ooohh thats a good question since if we do move, we won't be selling our apartment in the city.
Met an accountant over the weekend and briefly brought this up.
He said that its very tough convincing NYC that you're not staying there.
So you'll still have to pay NYC tax.
Which sucks.
Really..ugh. That kind of sucks. Thanks for the info though
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| Posted 3/26/12 2:00 PM |
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Salason
♥
Member since 6/05 9878 total posts
Name:
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Re: If you moved from NYC to the burbs
I rented (not owned) in NYC and bought in LI but our property taxes on LI are about 2k more than we paid in city taxes.
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| Posted 3/27/12 12:16 PM |
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hmm8191
My loves
Member since 3/06 2908 total posts
Name:
Heather
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Re: If you moved from NYC to the burbs
Posted by havinababy
What was being withheld in NYC local tax just about covered the new expense of my LIRR monthly ticket.
Same here!
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| Posted 3/27/12 2:49 PM |
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