Massachusetts Tax Question; Working in Ma. Living in NH.

[DawnCt1]

If you work in Massachusetts, what is the advantage of living in New Hampshire (besides that its nice, ) Do New Hampshire residents pay income tax in Massachusetts because they work there?

 

[Nie0214]

If you live in NH and work in MA, you pay MA income taxes.

You need to file a MA non-resident tax return, and be taxed on your wages that you earn in MA. The tax rate is 5.3% for MA. NH doesn't tax you on wages, so you can't get a credit for the income taxes you'll pay to MA. Also, property taxes are sky-high in NH, which I'm sure you know already.

 

[bicker]

Housing is a lot less expensive in New Hampshire.

 

[DMickey28]

We are moving back up home from Florida in a few weeks and looking to buy our first house at the end of the summer/fall. DH's current office will be in Woburn so we have been dealing with this issue and researching it. He is in the final stages of an offer for a new job which will be working out of his house so that would get rid of the MA income tax.

Basically if you work in MA but live in NH, you have to pay the MA income taxes. Housing is cheaper in NH but property taxes are more expensive so in theory you can afford a more expensive house by living in MA. Even then though, you are still paying more for less house. It could actually cost you more to live in NH and work in MA over the course of a whole year, but you are paying for a lifestyle as well. NH is a lot more slower paced then the Boston suburbs.

We are hoping he gets this job, changings jobs doesn't kill our oppurtunity at a mortage and we can buy a little north of the Boston commute belt in NH.

 

[manning]

If you work out of your house in NH but report to an office in MA, are you subject to MA taxes??

 

[pyrxtc]

not all property tax is sky high in NH. You can get some really great deals.

Just doing a basic search for a house in the town my DH works in MA and where we actually live in NH;

Criteria - High price of 1.5 million, 4 bedrooms, 3 baths

Town he works - None
Town we live in - 8 starting at $299,00 with less than 1/2 acre and $4,000 property tax

 

[bicker]

If you work out of your house in NH but report to an office in MA, are you subject to MA taxes??

It depends on whether or not your employer has an official office in NH, and is willing to have you officially sited there for payroll purposes. If you're sited in a MA office for payroll purposes, then it is the same as if you are working in MA.

 

[pyrxtc]

If you work out of your house in NH but report to an office in MA, are you subject to MA taxes??

Yes, wherever your office is , is what you pay taxes on.

NH is definately a slower pace. I grew up just outside Boston wiht that life, I now live in a nice small town in the middle of NH and Dh works down in MA. We could not afford the same size house and yard in MA for what we pay in NH. I would need a full time job and we would never be able to go on vacation, nevermind own DVC. Southern NH has pretty much the same lifestyle as living in MA, the only difference is the property tax (which is sky high there) but car insurance is way less and no tax for shopping.

We live further up for the way of life. I tell everyone I live in the 1950's, where everyone waves and you know everyone around you. Teachers give out there home phone numbers and you ToT at their house in October. I cuold never imagine moving back to MA with the kids, it's not the way I want to raise them. I bring them back to experience all MA offers culturally but then back to my nice little town.

 

[npmommie]

Housing is a lot less expensive in New Hampshire.

yes and the property taxes are $$$$$ but thats ok, i love NH, and would love to move up there someday, maybe the white mtn region, or even further up, dixville notch area, love it up there.