I understand that New York has a telecommuting "tax penalty" pursuant to which they'll tax my income as if I were still living there, and I assume I'll still be subject to tax in Colorado by virtue of living there. Is this right? Does anyone know whether Colorado has tax credits to mitigate the double-taxation?
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yes Colorado allows a credit for its resident's who have income taxed by another state. form 104cr
In the MY INFO program you must indicate your resident state and all the states you earned income then in the STATE tab the order of completion will be set ... you MUST complete them in that order so the credit will be completed correctly.
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