New York State Income TaxesThe state of New York imposes an April 15th deadline for the filing of your state income tax return.
This page:
• Lists basic New York state tax information
• Links to the major New York income tax forms
• Shows you how you can save time and money by e-filing
New York state taxes at a glance:Tax Rate Range: Low - 4.0%; High - 6.85%
Income Brackets*: Lowest - $8,000; Highest - $500,000
Number of Brackets: 5
Personal Exemptions: Single - $0; Married - $0; Dependents - $1,000
Standard Deduction: Single - $7,500; Married filing joint return - $14,200
Medical/Dental Deduction: Federal amount
Federal Income Tax Deduction: None
*Note:These income brackets are for single filers. Double the listed amount for joint filers.
Filing your New York state income tax returnWhen you begin your New York state income tax, make sure you use the same filing status used on your federal return. Generally there are no exemptions to this rule, however, there are a few situations that allow some leniency. For instance if you and your spouse reside in different states, you may use a different filing status on your state return.
In the same vein, you must maintain the same deduction method. That is, you can only itemize on your New York state tax return if you itemized on your federal tax return.
Although New York residents are allowed other credits than these, the more common state credits awarded to New york taxpayers are:
• Earned income credit
• Child and dependent care credit
• Household credit
• College tuition credit
Although the amount for these credits varies from taxpayer to taxpayer, the New York EIC is equal to 27.5 percent of your allowable federal EIC on your 2006 state tax returns.
For a more complete list of credits, consult the full list. Remember to read through the terms of eligibility before claiming any of them.
As a resident of New York state, any out-of-state retirement income is taxable in the state of New York. Likewise, if your retirement income is from a New York state source, but you are no longer a resident, your retirement income is taxed on your state of residency, not New York.
As a nonresident, you may or may not have to file a New York state income tax return. If your income exceeds a certain amount, which is a different amount for each filing status, then you must file a return even though you are not a resident.
To find out if you are required to file as a nonresident locate compare your adjusted gross income to the adjusted gross income that corresponds to your filing status on this chart Sidebar
You can work on your New York tax return online while filing your federal return (you can work on it for free, and pay nothing until you are ready to file).
Note: if you are filing more than one state return, you must file a paper return for each additional state, as TurboTax for The Web only allows one state prep.
New York income tax formsThe main New York tax forms are:
Form IT-201 | 2006 New York Individual Income Tax Return| Instructions
IT-150 | Short State Income Tax Return | Instructions
IT-201-ATT | Itemized Deduction and Other Taxes and Tax Credits
If you need New York income tax forms that are not listed here, you can download them from the New York tax forms site.
Or, just simply e-file!
Additional NY state taxes helpIf you need help with your federal tax return, start with our basic guide to tax filing.
For additional help with filing NY income tax returns, see the official site of the New York Department of Taxation and Finance.
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