All we want to know is, will we get any money back in our bank accounts on NY income tax returns after the tax owed to NJ is credited. Because up to a certain salary NJ income tax is lower than NY. What happens to the difference between the tax owed to NJ and NY? Will NY keep the difference with them or return it to the person filing the taxes?
To frame the question differently,
I understand that if the tax owed to NJ is more than the tax withheld in NY we have to pay it. What happens in the other case i.e, Tax owed to NJ is less than the tax withheld in NY? Do we get the difference back or does NY keep it?
