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NJ-COJ: Can I Select Column B to get Bigger Tax Credit from another Jurisdiction (New York)?
I am eligible for NJ property tax deduction. When I select column A and enter the 2024 property tax, my taxable income gets reduced. But at the same time, the credit from NY state gets much lower. Whereas when I select Column B, I see a bigger credit from NY.
Although I am eligible for NJ property tax deduction, am I allowed not to avail this deduction and select Column B instead?
Thanks in advance.
‎April 14, 2025
6:21 AM