The difference is attributable to the tax rates applicable to each state. Therefore, the allocation of the "other state credit" would be less that what was actually paid.
New Jersey Tax Brackets 2019 - 2020
Tax rate of 1.4% on the first $20,000 of taxable income. Tax rate of 1.75% on taxable income between $20,001 and $35,000. Tax rate of 3.5% on taxable income between $35,001 and $40,000. Tax rate of 5.525% on taxable income between $40,001 and $75,000.
New York State income tax rates range from 4% to 8.82% as of 2019, depending on a taxpayer's income. The lowest rate applies to the first $8,499 of taxable income for single filers, and it increases incrementally from there. The highest rate of 8.82% is applicable to incomes exceeding $1,077,550 for single taxpayers.
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