LenaH
Employee Tax Expert

Deductions & credits

If you itemized charitable contributions on Schedule A of your 1040, then the contributions are deductible on your NYS return. If you took the $300 deduction for contributions (on top of the standard deduction), then that amount is not deductible.

 

You can also deduct your share of the investment expenses of a regulated investment company.

 

Instructions for Form IT-196 (2020)

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