Can I move to Florida the month my bonus hits and not pay any NY State tax on it? Or would I just declare that 1/12 of the year I was in Florida and get the pro-rated refund from NYS on my overall Pay

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Neither. You would need to be in Florida for at least 6 months to become a Florida resident for tax purposes.

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Ouch.. the dreaded option C

It should technically be taxed on where it was earned in the earning period. If it’s for 2020 and was earning 1/1/20-12/31/20 it should be taxed where you were when earned in that period.

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If you are a W-2 employee, aren’t you taxed on the money in the year it’s paid to you? If it counts as income for that tax year, wouldn’t your residence in that year be what matters?

Given current fiscal shortfalls at City Hall and Albany, this is not a wise time to try to engage in chicanery with the New York State tax department. They will figure it out and retaining a tax attorney to fight the state will likely more than negate whatever you save in taxes on your bonus.

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If only NYS had talent outside of the tax department.

When is the bonus coming? If you have enough time and have already spent a few months in Florida, I suggest you get packing!!!

Do you work in CIB

Yeah

Also potentially no option would have you avoid the NYS tax.

If your employer is based in NY (e.g. you work for the NY office), you’d still get taxed unless you’re able to transfer to a different office.

The one tax you can avoid for sure if you move if the NYC tax (if you live in the city)

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