Working Remotely? Watch Out for Double Taxation
This year, many people have been working remotely, in some cases in a different state than the one they usually work in. If you’ve been working remotely across state lines, investigate the potential impact on your state tax bill. You may find yourself with two states attempting to tax the same income: the state where your employer is located and the one where you’re residing and working. Many states, but not all, offer credits for taxes paid to other states, so ask your tax advisor about this.
This material is generic in nature. Before relying on the material in any important matter, users should note date of publication and carefully evaluate its accuracy, currency, completeness, and relevance for their purposes, and should obtain any appropriate professional advice relevant to their particular circumstances.
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