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Level 1
posted Feb 24, 2023 4:23:30 PM

New York IT201 Tax Calculation Error

Line 37 income $106,196, Turbotax tax calculated as $5,908.

MFJ Tax table calculation $106,696 - $27,900 = $78,296 * 5.85% = 4,580 + $1,202 = $5,782

Difference $126.

0 4 1128
1 Best answer
Expert Alumni
Feb 24, 2023 5:31:38 PM

TurboTax uses Worksheet 1. @EdithM is correct because your New York State adjusted gross income is over $107,650.

 

See 2022 tax tables.

 

Adjusted gross income is line 33 of IT-201.

 

4 Replies
Level 3
Feb 24, 2023 5:13:57 PM

If New York adjusted gross income, line 33 of IT201 is over $107,650, a worksheet is used.  

 

The worksheets can be found below the tax rate schedule at https://www.tax.ny.gov/forms/current-forms/it/it201i.htm 

 

Level 1
Feb 24, 2023 5:18:28 PM

Amount is below 107,650.  Please read my original message.

Level 3
Feb 24, 2023 5:24:25 PM

That number is taxable income.  Adjusted gross income would be more, by the amount of deductions.  See line 33 of the form.  If you go to the data source help on the tax field, line 39, it takes you to the tax computation worksheets form. 

Expert Alumni
Feb 24, 2023 5:31:38 PM

TurboTax uses Worksheet 1. @EdithM is correct because your New York State adjusted gross income is over $107,650.

 

See 2022 tax tables.

 

Adjusted gross income is line 33 of IT-201.