Hi DownCo. I also live in NJ and work in NY. The company issued two (2) W2 (NJ fuller and NY emptier) for 2020 tax return, and my question is that as much as I understand inter-state tax credit, why would not NJ recognize 100% of what I paid to NY as NJ tax credit? For example, NY withheld $1,000 state income tax (NY W2 Box 17), while NJ recognized only $940 tax credit on NJ Sched NJ-COJ Line 1B? The percentage comes out approximately 94%, and it's been like that since my employer issued two (2) W2 forms. Thank you in advance for your comments. J
