New (tax) year, new help!

Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.

Use the NJSTCr screen in the Credits folder to calculate a credit for taxes paid to other states or jurisdictions for New Jersey. If you are preparing a multi-state return in the application, information from the nonresident return automatically transfers to this screen to calculate the New Jersey credit for a full-year resident return. If you are filing part-year returns, or prepared the nonresident return outside of the application, you must manually enter information on the NJSTCr screen to calculate the credit.

Special considerations 

New Jersey has a reciprocal agreement for wages with Pennsylvania. Therefore, the New Jersey return picks up information for Pennsylvania, but not wage information. Any city taxes paid to Philadelphia will also transfer to the NJSTCr screen.

Special calculations may be used to calculate income taxed by New York. If the income taxed by New York has been adjusted, the tax also reflects that adjustment amount. See Adjustments made to NY income for NJ-1040, Schedule A for more information. 

Note: Up to three calculations of Form NJ-1040, Schedule A can be generated from one input screen. If taxable amounts are higher in New York City UBT and/or Yonkers than in New York, and tax paid to New York (for example) does not exceed the maximum allowed credit in New Jersey, the application continues calculating a credit for New York City UBT and Yonkers using the excess taxable income taxed in those cities.

Was this article helpful?

Yes No

Submit