ErnieS0
Expert Alumni

State tax filing

Yes. New York taxes a percentage of federal AGI after NY adjustments. This is "New York adjusted gross income."

 

New York uses your total income to calculate the tax rate for part-year and nonresidents so your interest, dividends and capital gains are included in the calculation for the tax rate, but not in the actual tax.

 

For example, if you earned $100,000 total and $30,000 of unemployment in NY, your tax rate would be based on $100,000, not $30,000.

 

Say the NY tax on $100,000 is $10,000. Then your tax would be 30% ($30,000/$100,000) of $10,000 or $3,000.

 

Your tax return is correct if the amount in the right column of IT-203 only includes NY income. The computation and allocation appears on page 3 on lines 45 and 46.

 

The base tax which is the on all your income if you lived in NY all year is on line 44.

 

The actual amount you are being taxed on is on line 45.

 

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