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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.

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1 Best answer

Accepted Solutions
ErnieS0
Expert Alumni

New York IT201 Tax Calculation Error

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.

 

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4 Replies

New York IT201 Tax Calculation Error

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 

 

New York IT201 Tax Calculation Error

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

New York IT201 Tax Calculation Error

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. 

ErnieS0
Expert Alumni

New York IT201 Tax Calculation Error

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.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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