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The calculation of ((250,773-12000) * . 00228 ) + 21 = $565 which is what TurboTax calculated. The other has taxable income of 317,662. ((317,662-12000) * ....NYC school tax credit - rate reduction amount. Calculation of NYC school tax credit (rate reduction amount) for single and married filing separatelyIf city taxable income is: over but not overThe credit is:1 more row • Mar 3, 2021
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