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We're NJ residents, and all our earned income is from Philadelphia. NJ gives a credit for tax paid to Philadelphia; Turbotax first tells me it's $2,857 but then $2,447.
On one screen I enter the double-taxed income information; how much I earned and how much I paid to Philadelphia. In the next screen it says, Congratulations your credit is $2,857. In the screen following that, it summarizes that my tax owed to NJ is $2786 and my credit for taxes paid to other jurisdictions is $2,447. Why did the credit go down??
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‎June 6, 2019
3:33 AM