Tax comparison & paycheck in NJ vs NY (Resident alien) Hi friends
I am planning on a move to NYC because of my job relocation. I am a postdoctoral researcher and my complete package per year is 47k (Science dudes are paid less at this stage). I have an unemployed wife and a 2 years kid. I on J1 visa and I file my taxes as a resident alien, married and use 3 exemptions for my taxes.
Out the following scenarios, which one will save me more money?
Scenario 1: Living in Journal Square, NJ, & Working in NYC
Scenario 2: Living in Jamaica & Working in NYC
Also, how the taxes will work out in the first scenario? Will I have to pay separate city taxes to NJ?
What will be my monthly paycheck after all the withholdings? (a rough amount will also do, I am planning on saving 10% in my 401K).
Your suggestions will be a great help.
OH2NY
Last edited by oh2ny : 03-21-2013 at 03:35 PM.
Reason: title description clarification
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