According to the New York Times, if you decided to ride out the pandemic at your out-of-state vacation house or with your parents in the suburbs, you may be in for an unpleasant reality: a hefty tax bill.
- What are the rules if you work in one state and live in another?
- Is there a standard number of days that you must live in one state to pay taxes but live in another state?
- Which 13 states have agreed not to tax workers who have moved there temporarily because of the pandemic?
- According to the article, a number of people have moved to Florida, Texas, Nevada or Wyoming during the pandemic. What do this states have in common?
Gross, J. (2020) Here’s How Moving Remotely Could Affect Your Taxes. The New York Times, Aug. 25 (Retrievable online at https://www.nytimes.com/2020/08/25/business/coronavirus-nonresident-state-taxes.html)