mansiontax
Returning Member

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.