New Jersey is motivating telecommuters to appeal their New York tax bills
HARTFORD, Conn. (AP) — Telecommuting, a pandemic-era novelty that has become a permanent alternative for many people, has some Connecticut and New Jersey employees of New York-based companies questioning why they still have to pay personal income tax to the Empire State.
Their home states are wondering as well.
Fed up with losing out on hundreds of millions of dollars in tax revenue each year, New Jersey is now offering a state tax credit to residents who work from home and successfully appeal their New York tax assessment. Connecticut is considering a similar measure.
The Garden State’s bounty — a rebate worth roughly half a person’s refund of income taxes they paid to New York for the 2020-2023 period — has been claimed so far by one winning litigant since the state made the offer in July, according to the state’s Division of Taxation. That taxpayer received a $7,797.02 refund for their efforts. Officials hope that person’s windfall will encourage others to follow suit.
Related articles
This Week: Home sales, Fed meeting minutes and consumer sentiment index
A look at some of the key business events and economic indicators upcoming this weekSPOTLIGHT ON HOU2024-05-22Pan Zhanle wins two golds in China National Swimming Championships
Pan Zhanle bagged two golds in a day at the China National Swimming Championships here on Friday.The2024-05-22Winter tourism promotion adds allure to travelling Tibet
Tibet received 49.67 million domestic and overseas visitors in the first three quarters of this year2024-05-22Wartime sex slaves' children file lawsuit
The children of 18 deceased Chinese women who were forced to be sex slaves for the Japanese army rec2024-05-22Socialite Jasmine Hartin enjoys beach snuggle with electrician hunk
Socialite Jasmine Hartin has been seen enjoying a beach snuggle with her new mystery man.Ms Hartin w2024-05-22Flood relief work strengthened in China's Guangdong
Chinese authorities are strengthening efforts to guard against flooding due to heavy rainfall in sou2024-05-22
atest comment