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.
Questions:
- 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?
Source:
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)