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After the pandemic, hybrid work schedules became more prominent, triggering tax implications. Last year, 12.7% of full-time employees worked remotely , and 28.2% had a hybrid work schedule.
In a typical tax filing season, state taxes take a back seat to federal returns for Lewis Taub, a tax professional in New York. But for 2020, state taxes are causing headaches — and potentially ...
Tax season is here and many remote workers are wondering what expenses they can write off while working from home. In 2022, 60 million people did freelance work, primarily from their home office ...
While the city of New York is barred from charging its own commuter tax, the state of New York does impose an income tax on non-residents that work in the state. [7] In 2009, New York enacted the Metropolitan Commuter Transportation Mobility Tax, a 0.34% levy on payrolls and self-employment earnings in New York City and Nassau, Suffolk ...
The New York State Department of Taxation and Finance (NYSDTF) is the department of the New York state government [1] responsible for taxation and revenue, including handling all tax forms and publications, and dispersing tax revenue to other agencies and counties within New York State. The department also has a law enforcement division, the ...
New Jersey Governor Phil Murphy signed a bill on July 21, allowing remote workers in New Jersey who are subject to New York's income tax to now be able to claim a credit against their state tax...
The Invest In Our New York Act was a proposed New York State legislative package of six bills introduced in February 2021. The bills were to increase the personal income tax rate, impose an unearned income surcharge on capital gains, and raise the corporate tax rate. [1] [2] [3] They did not pass in the 2021-2022 NYS budget. [4]
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