No. The tax imposed by NYC on its residents is based on the resident's NYS taxable income. After a taxpayer has calculated their NYS taxable income, NYS assesses a tax on that taxable income. Thereafter, NYS allows certain credits to offset that tax liability such as the resident credit. The resident credit is the credit that NYS allows it residents to claim as an offset against their tax liability if part of their NYS taxable income has already been taxed by another state. After all the eligible credits have been claimed, the remaining amount, if any, is the resident's NYS tax.
The resident credit may not decrease your NYS tax payable to an amount less than would have been due if the income sourced to and taxed by the other jurisdiction was excluded from your NY income.
In contrast, NYC has no credit similar to the NYS' resident credit. NYC calculates a resident's taxable income by beginning with the resident's NYS adjusted gross income, less the standard or itemized deductions, and less dependent exemptions, and the resulting number is the NYC taxable income. NYC does allow some credits to offset a resident's NYC tax liability such as the household credit, and the NYC non-refundable credit; however, there is no credit to offset taxes paid to another state/city.
@nyc_taxpayer
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
