NYC school tax credit - rate reduction amount

I am pretty sure I have this correct, but am posting to verify my understanding and also to share.  This relates to NYC school tax credit (rate reduction amount) - line 69A.   This relates to a couple each earning ~$300K each (it's not me!).  If taxes are done married filing jointly, they exceed the $500K threshold and the credit it $0.  If they file married filing separately, the combined credit is over $1200.  Does that sound about right?  TurboTax did the calculations -- I did not need to provide anything special other than the interview question.  I actually did the taxes both jointly and separately and compared the two and identified the difference.