Sunday, December 18, 2011

Savings account question - taxation across state borders?

If all my income is coming from Connecticut, but I have a legacy savings/checking account in NJ, what can NJ tax? Just the accounts residing in NJ, or all my income in CT? I ask because once I move it will have an impact on me if I still have to pay the full scope of NJ income taxes on my overall income, rather than just the interest income.

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