topic The tax owed to NYS is incorrect. $21,919 (Fed AGI)-$8,000 (standard deduction) does not equal $24,319 (taxable income). How do I get this fixed? in Get your taxes done using TurboTax

The tax owed to NYS is incorrect. $21,919 (Fed AGI)-$8,000 (standard deduction) does not equal $24,319 (taxable income). How do I get this fixed?

abesolo123 — Sun, 04 Apr 2021 07:46:59 GMT

Re: The tax owed to NYS is incorrect. $21,919 (Fed AGI)-$8,000 (standard deduction) does not equal $24,319 (taxable income). How do I get this fixed?

SweetieJean — Sun, 04 Apr 2021 23:27:46 GMT

It's not that simple. Did you receive Unemployment Comp in 2020? New York has yet to adopt the federal government’s exemption on the first $10,200 in unemployment payments, so you need to add that back to your Federal AGI.

$21,919 + 10,200 = $32,119

$32,119 - 8,000 = $24,119

NYS also has a number of other additions and subtractions.

Re: The tax owed to NYS is incorrect. $21,919 (Fed AGI)-$8,000 (standard deduction) does not equal $24,319 (taxable income). How do I get this fixed?

abesolo123 — Mon, 05 Apr 2021 15:17:37 GMT

Ah! That makes sense! Thank you!

It's also confusing because, I tried it out on H&R Block and it calculated the NYS taxes with the federal exemption on the first 10,200. So, if NYS hasn't adopted it yet, I wonder how long that would take.