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System did NOT allow me to e-file since I had excess deferral in my 401k , even after I followed instructions. Will I be penalized by NY state for not e-filing my return?

 
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DawnC0
Intuit Alumni

System did NOT allow me to e-file since I had excess deferral in my 401k , even after I followed instructions. Will I be penalized by NY state for not e-filing my return?

No. In April 2012, the New York Department of Taxation removed the formerly-imposed $25 penalty.

However, if you use tax software that supports e-filing and you have a broadband connection, the New York Department of Taxation requires that you e-file.  But you are not penalized if you don't.  

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1 Reply
DawnC0
Intuit Alumni

System did NOT allow me to e-file since I had excess deferral in my 401k , even after I followed instructions. Will I be penalized by NY state for not e-filing my return?

No. In April 2012, the New York Department of Taxation removed the formerly-imposed $25 penalty.

However, if you use tax software that supports e-filing and you have a broadband connection, the New York Department of Taxation requires that you e-file.  But you are not penalized if you don't.  

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