A tax break for CT residents working remotely for NY companies? Maybe, but there’s a catch ...Middle East

It’s long been a sore subject for Fairfield County residents working for New York City companies. New York law requires workers to pay income taxes in the state where their employer is located, and New York’s tax rates tend to be higher than Connecticut’s. It’s also a source of irritation for Connecticut leaders, who conceded in 2019 to credit the tax bills of residents by the amount of income tax they pay to those states, with laws like New York’s, where their jobs are located. That cancels out hundreds of millions of dollars in revenue to the state of Connecticut each year, administration officials estimate. This week, Gov. Ned Lamont’s budget chief, Jeffrey Beckham, unveiled a new plan

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A tax break for CT residents working remotely for NY companies? Maybe, but there’s a catch ...Middle East

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