New Tax WAS Due November 2
If you are self-employed and work in the New York City area,
you have likely received notification about the new
Metropolitan Commuter Transportation Mobility Tax (MCTMT),
which is due on November 2.
you have likely received notification about the new
Metropolitan Commuter Transportation Mobility Tax (MCTMT),
which is due on November 2.
This tax affects the self-employed and certain employers
doing business in New York City’s five boroughs as well as
those in the following surrounding counties: Dutchess, Nassau,
Orange, Putnam, Rockland, Suffolk, and Westchester.
doing business in New York City’s five boroughs as well as
those in the following surrounding counties: Dutchess, Nassau,
Orange, Putnam, Rockland, Suffolk, and Westchester.
Self-employed individuals earning more than $10,000 who
work in any of these areas must pay 0.34% of their net
earnings. More details are available on the New York State
Department of Taxation and Finance website. (And here’s
another guide, offered by the Society of Publication Designers.)
work in any of these areas must pay 0.34% of their net
earnings. More details are available on the New York State
Department of Taxation and Finance website. (And here’s
another guide, offered by the Society of Publication Designers.)
Many members have contacted us with their concerns about
this tax since we first mentioned it in July. It is clearly an
administrative burden, as the payment schedule does not
coincide with regular quarterly tax payments. We are
currently researching the economic implications of this tax.
this tax since we first mentioned it in July. It is clearly an
administrative burden, as the payment schedule does not
coincide with regular quarterly tax payments. We are
currently researching the economic implications of this tax.
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