Note: The best practice when entering multiple state tax information into TaxSlayer Pro is to first create the nonresident return(s) and finish with the resident return. This allows the income tax data from another state to transfer to the resident return. In TaxSlayer Pro, when creating the resident return you are prompted to pull in other state tax info, and by selecting "Yes" this info is pulled in and the credit for taxes paid to another state is automatically calculated.
New York residents may claim a nonrefundable credit for taxes paid to another state. The income must be taxed by both jurisdictions. This credit is for state and local income taxes imposed on a taxpayer's income. Foreign taxes are not included, with the exception of taxes paid to Canada.
Before starting the New York return, prepare the nonresident return(s). Once all nonresident returns are finished, create the New York resident return. TaxSlayer Pro will prompt to import any other state tax information found. Selecting Yes at this prompt will automatically calculate the credit for taxes paid to the other state.
Otherwise, to view or adjust the credit for taxes paid to another state in the New York individual tax return in TaxSlayer Pro, from the New York Tax Return Menu select:
- Total New York State Tax
- Resident Credit (IT-112-R & C)
Additional Information:
New York State Tax Information
New York and New Jersey Income Tax Reciprocity
NY DOT: Resident Credit Information
NY DOT: Income Tax Forms & Instructions
TaxSlayer Pro strives to keep the information on this page timely and accurate but makes no promise or guarantee about the timeliness, accuracy, or completeness of the contents of this page. This is general information and is not intended to be tax advice. You are encouraged to also review the underlying state resources and publications.