After reviewing Turbo Tax New York Form IT-558, Turbo Tax has updated the form to flow to Page 2 Line 16 of IT-201 and math works correctly to Page 2 Line 19 however Line 19A correctly reflects the federal reconciliation of adjusted gross income as NYS unemployment exclusion IS NOT LAW yet. This means state income taxes have not changed and Line 19A is the correct amount of NYS income before Additions and Subtractions on IT -201Page 2 Line 19A. Turbo Tax appears to be in position to make the change reflecting the unemployment exclusion once our state officials finish the budget (hopefully). My source is conversations today with aids to my senate and assembly officials that both say that unemployment is under negotiation as part of the budget process that maybe approved any day.
