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State tax filing
For anyone else who might have found this post and been confused...
New York state does limit itemized deductions from what the federal deductions allow based on income.
From this link ...
New York's tax law limits itemized deductions of upper income taxpayers through a percentage reduction:
Deduction Limitations:
- 25% of the itemized deduction for single taxpayers with NYAGI > $100,000 and married taxpayers with NYAGI > $200,000
- 50% percent of the itemized deductions for all taxpayers with NYAGI > $525,000 and < $1 million
- Itemized deductions are completely eliminated, except for 50% of charitable contributions for NYAGI > $1 million
So if you're seeing your NY state deduction using standard it may be because your itemized federal deductions were limitted.
‎February 25, 2024
9:45 AM