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Intuit Community Champion
March 11, 2023
Question

Federal/NY/NJ Wages

  • March 11, 2023
  • 2 replies
  • 17 views

Hey all,

    I am prepping a NJ resident who works for a NY base company. They withhold both NY/NJ state income tax. 

In the past, NY mirrors federal wage and NJ is fairly similar to Federal wage. There are minor differences between NJ wage and Federal. I get that. But this year there is over a $600k difference between both. Is there something obvious I am missing as to why there is a HUGE difference? 

Client has no clue and I will have him ask payroll but I was curious.......

Thanks,

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2 replies

qbteachmt
Level 15
March 11, 2023

Base wage should be the same; look at benefit plan provisions.

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IRonMaN
Level 15
March 11, 2023

My first guess is that somebody busted the W-2 when it was prepared.

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