turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

orion7939
New Member

I lived in NY for 6 months and only earned income in NY for those 6 months. why is the amount taxed by NY more than what i earned?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
KarenJ
Intuit Alumni

I lived in NY for 6 months and only earned income in NY for those 6 months. why is the amount taxed by NY more than what i earned?

The way that the NY state tax calculation works is that NY looks at all of your income from all sources and generates a tax on all this income. When NY is determining the actual NY state taxes owed, NY multiples the total NY taxes on all income by the percentage of NY source income over all source income.

So if your income from all sources is $10,000 but your NY source income is $8,000, NY will calculate the NY state tax on $10,000 then multiply the total state taxes generated by 80% ($8,000/$10,000). So even though you all your income is being reported on your NY state tax return, you are only being taxed on the NY source portion of your total income.

 


message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies