What is the New York State 2016 Standard Deduction calculation

Benephraim — Tue, 04 Jun 2019 19:15:00 GMT

From the New York 2016 instructions for Form IT-201: Sta...

StacyC — Tue, 04 Jun 2019 19:15:02 GMT

From the New York 2016 instructions for Form IT-201:

Standard or itemized deduction

Follow these steps to determine which deduction to use:

1. If you took the standard deduction on your federal return, or if you did not have to file a federal return, you must take the New York standard deduction. Use the standard deduction table below to find the standard deduction amount for your filing status. Enter the amount on line 34, mark an X in the Standard box, and go to line 35.

2. If you itemized deductions on your federal return, use Form IT-201-D, Resident Itemized Deduction Schedule, and its instructions beginning on page 37 to compute your New York itemized deduction. Compare the Form IT-201-D, line 16 amount to your New York standard deduction amount from the standard deduction table. For greater tax savings, enter the larger of these amounts on line 34 and mark an X in the appropriate box, Standard or Itemized. Note: If you choose the itemized deduction, you must submit Form IT-201-D with your return.

Here are the 2016 New York Standard Deduction amounts:

? Single and you marked item C Yes ...................... $ 3,100

? Single and you marked item C No ......................... 7,950

? Married filing joint return ........................................ 15,950

? Married filing separate return ................................. 7,950

? Head of household (with qualifying person) ........... 11,150

? Qualifying widow(er) with dependent child ............ 15,950

topic What is the New York State 2016 Standard Deduction calculation in State tax filing

What is the New York State 2016 Standard Deduction calculation

From the New York 2016 instructions for Form IT-201: Sta...