I live in Northern Kentucky and work in Downtown Cincinnati.?
Is it financially correct for the Accounts Payable girl to take out taxes from both Ohio AND Kentucky on my paycheck? Or does she just hate me as much as she makes it seem?
Financial Services - 1 Answers
Random Answers, Critics, Comments, Opinions :
1 :
It depends on the laws in the state (and sometimes city) where you work, and live. If the state of KY (or the county/city you live in) recognizes your income earned as taxable, and OH does as well, you could be taxed for both. In the end however, there is a formula that would typically be used to offset the double taxation. You should talk to your financial adviser or ask the states for clarification to see if your taxes are being legally deducted.
Is it financially correct for the Accounts Payable girl to take out taxes from both Ohio AND Kentucky on my paycheck? Or does she just hate me as much as she makes it seem?
Financial Services - 1 Answers
Random Answers, Critics, Comments, Opinions :
1 :
It depends on the laws in the state (and sometimes city) where you work, and live. If the state of KY (or the county/city you live in) recognizes your income earned as taxable, and OH does as well, you could be taxed for both. In the end however, there is a formula that would typically be used to offset the double taxation. You should talk to your financial adviser or ask the states for clarification to see if your taxes are being legally deducted.
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