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Working Remotely Might Cause You Owing Taxes If In Another State

Sep 3, 2020 | Posted by Jeff Weil | Accounting, Commercial and Business Insurance, Commercial Real Estate, Commercial Tenant Improvement Contractor, Employment, millenials, millennials fleeing theses states, Newsletter, Office Space, Technology, Tips for Tenants, Trends, U.S. Economics |

 

Something for employers to caution employees who are thinking of moving to a lower-cost state but continuing to work remotely. In an article in the New York Times, there are some states that will tax your income based on where you did the work, and others based on your residence, and it is possible you will owe taxes to both states for the same income. Some states have reciprocity but not all states. Of course, check with your CPA!

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Jeffrey Weil, CCIM, MCR.h, SIOR

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  • Jeffrey Weil
  • Colliers International
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  • CA Lic. 00786195
  • +1 (925) 279 5590
  • jeff.weil@colliers.com
  • www.officetimes.com

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