A record high number of federal income tax filers and their dependents moved from New York to other states from 2019 to 2020, and the average incomes of Empire State out-migrants topped $100,000 for the first time, according to newly released (IRS). Read More
The Empire State has long asserted the right to tax nonresidents commuting to work in New York—even when their work is done at home. The payoff for Albany is huge: as of 2018, newly released state data show, nonresidents generated $7.4 billion in New York State personal income taxes, 15 percent of the total. Most of that came from people who were regular commuters before COVID-19 hit. Read More