Get your taxes done using TurboTax
Your NYS HSB amount will be reflected in Box 1 of your W-2. Enter the information on your form W-2 as normal. The bonus received is taxable for Federal purposes but not for NYS purposes. To correctly report the bonus and get the deduction, go to your NYS return entry screens and then enter the amount under Wage and retirement adjustments. A screenshot of the entry screen to TurboTax Online shows below:
Once entered, the amount of the bonus will show as a deduction from income for NYS taxable income.
Health Care Worker Bonus Program
