I'm aware of and understand the concept of paying the taxes first in NY and then receiving a credit for the taxes that would be asked for in NJ.
However, I'm wondering why -- if the amount I already paid in NY taxes exceeds the total NJ tax bill -- why is my “Other state tax credit” less than the NJ tax bill and why do I still owe money (even though the amount paid for NY exceeds the tax bill for NJ)?
