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TRENTON, NJ — Out-of-state businesses will have to resume withholding income taxes for New Jersey workers who telecommute beginning Oct. 1, as New Jersey ends temporary suspensions and waivers ...
"A worker living in New Jersey with a $50,000 salary who worked from home instead of commuting to New York would save $1,500 by paying New Jersey taxes,"according to an analysis Smith said was ...
This tax, known popularly as the "mobility tax", or the "MTA tax", is intended to provide funds for the Metropolitan Transportation Authority, which transports many of the region's commuters. Philadelphia has a 3.924% wage tax on residents and a 3.495% tax on non-residents for wages earned in the city as of August 2013.
On February 1, 2023, as part of her Executive Budget proposal to the New York State Legislature, Governor Kathy Hochul proposed raising the MTA payroll tax, a move projected to increase revenue by $800 million, and also giving the MTA some of the money from casinos expected at present to be licensed soon for business in Manhattan. [155]
About 500,000 active and retired public employees will pay more for their health and pension benefits, saving New Jersey taxpayers an estimated $120 billion over 30 years in pension costs.
Under the U.S. Internal Revenue Code section 132 (a), the qualified transportation benefits are one of the eight types of statutory employee benefits (also known as fringe benefits) that are excluded from gross income in calculating federal income tax. The qualified transportation benefits are transit passes, vanpooling, bicycling, and parking ...
Montclair residents will be able to pay their tax and utility bills using Visa, Mastercard, Discover, American Express credit cards and a 2.95% convenience feel will apply to credit card payments ...
About 500,000 active and retired public employees will pay more for their health and pension benefits, saving New Jersey taxpayers an estimated $120 billion over 30 years in pension costs.