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NY IT-201 Calculation
On my NYS state tax return summary:
Amount Taxed by New York= ~$1.2 million (a)
Turbotax Calculates my New York Taxes owed as: $115.8k (9.65% * (a))
My read of New York tax tables shows the amount should be $83.229k ($71.413k + 9.65% of the income above $1.07755 million)
Does anyone else have this issue. I have not had this issue in prior years.
March 24, 2025
6:54 PM