Why is my 'Credit for Tax Paid to New York' is different than shown in 'Summary of Taxes Paid to Other States'?

[DavidD66]

Credits for taxes paid to other states often do not equal the amount of tax paid the other states.  This is because a resident state will calculate the amount of tax they charge on the same other state income.  It very well may be different.  For Instance, if you live in Georgia with a 5.75% tax rate and earn income in New York taxed in New York at 6.85%, Georgia is not going to give you a credit for the full amount of tax you pay New York, only the amount of Georgia Tax on that same income.

[evil_shenanigans]

@DavidD66- that makes sense - thank you! Except:

My resident state is GA, but I owe $66 in CA. Turbotax knows about the $66:

But it's only allowing me $20 on my GA return:

Do you know why that might be the case here? From what I can tell, GA marginal income tax rates are higher than CA's (maybe I'm reading that wrong?), so I would think that the GA taxable amount would actually be higher and thus the full amount would be credited.

[DawnC]

The credit is available only when the business, investment, or employment is in a state that levies a tax upon net income.     In no case shall this credit exceed the tax which would be payable to Georgia upon a like amount of taxable income.   So, GA is only going to credit you the GA rate for that income.   CA rates go from 1-12.3%.