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February 21, 2021
Question

Live in NJ/work in NY

  • February 21, 2021
  • 1 reply
  • 0 views
in NJ state return, after inputting all info, the credit for taxes paid to NY is $12,173 but when i click continue, the next page is summary which shows credit of only $11704. Why $469 less?

1 reply

February 23, 2021

The Credit for Income or Wage Taxes Paid to Other Jurisdiction is calculated on schedule Schedule NJ-COJ. The Credit Allowed is reported on line 9

The credit cannot exceed the proportional credit limitation.

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