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Get your taxes done using TurboTax
To follow up further on the issue. I've manually calculated the tax rate according to the published tax tables: https://www.tax.ny.gov/forms/html-instructions/2024/it/it203i-2024.htm#nys-tax-schedule. On the screen 'Let's Review Your New York Numbers' I took the 'Amount we start with for New York' and divided it by the 'Starting amount' and noticed it's a flat tax rate of 6.85% meaning I am being charged more than the actual amount I should be charged. Is this a bug in Turbotax?
This is for a resident return, and I am a local NYC resident which means I have the local tax as well. This value is accurately being taxed. Just not the NY tax.
‎February 19, 2025
7:59 PM