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Get your taxes done using TurboTax
The credit is the lesser of the actual taxes paid to your nonresident state or the amount of taxes your resident state charges you on the same income.
The calculation of the credit is on Form IT-112-R. Although NY's income tax is usually higher than MA's, when the entire calculation is done with all your forms of NY income and deductions considered, the tax charged would have been less than what MA charged.
‎February 28, 2022
7:40 AM