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Personally I prefer to pay it all at the end because of you think about it paying taxes every month is basically providing the government with an interest free loan. Time value of money and all that
I think so cause when I did turbotax it said I owed the state of NY $3k. So I'm doing my taxes through the firm to see if they can get it lower
Thanks for the info! The only thing I am confused on is that I am looking at all my paychecks this past year and no New York City tax was ever taken out only state even though I live in the city. So when I did my tax returns my tax advisor is like I don't see nyc taxes listed on your W-2. Am I missing something here? And my timesheet is charge code is NY-NYC-Resident only
I had this same issue. Paychecks were only taking out NY state not NYC. What happened I think was that my address through the online system was originally a PO Box since my mail had been getting stolen at my old apartment. When I moved to a new place and updated my address from a PO all of a sudden the NYC taxes started coming out of paychecks. I'd check to make sure your 'home address' in the system is in NYC. I still ended up owing a few hundred but luckily was withholding for at least a half year.
At EY 1 - should I contact payroll to have them start taking out New York City taxes for this year from my paycheck since they didn't last year especially since I live in the city and I don't want to get audited?
OP check if you can change it on People Mobility. If not start a case with them.
Some of my coworkers filled out new W9s to have it taken out each month so they don't have to pay it all at the end of the year. But really it's up to you as long as you pay it by tax day you're not going to get audited or anything
I don't think where you put your time incurred auto updates for withholding unfortunately