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State tax filing
New York State gives very clear direction on how to calculate the tax due.
Here is the tax rate schedule directly from tax.ny.gov
https://www.tax.ny.gov/forms/html-instructions/2024/it/it201i-2024.htm#nys-tax-rate-schedule
Here is the correct calculation and what should be reported back from TurboTax into Line 39 (the 100,237 number)
As you can see, TurboTax is somehow calculating 128,921 for Line 39, rather than 100,237! Over 28,000 difference!! This needs to be fixed for all of your clients using your software!!
‎April 8, 2025
3:27 AM