City Income Tax Liability

Your city income tax liability is based on your place of residence not your workplace.  Your employer is required to withhold city income tax based on the workplace location so you may owe additional city tax at the end of the year.  Some cities will grant a credit for taxes paid to other localities, but it is your responsibility to make up the difference. To avoid making a tax payment on April 15th, make estimated payments or ask your employer to withhold your residence income tax in addition to the requried workplace tax.  Remember, this withholding is voluntary for employers so call your WOB Advisor for additional tax planning strategies.

Tags: tax
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