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dngl
Returning Member

Based on my calculation your New York State Tax is computing the value inaccurately. I see I am being charged at 6.85% for my entire sum, rather than 6.85% over 385,000.

 
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3 Replies
DavidD66
Expert Alumni

Based on my calculation your New York State Tax is computing the value inaccurately. I see I am being charged at 6.85% for my entire sum, rather than 6.85% over 385,000.

Please clarify and provide some additional information.  Are you filing a resident or non-resident New York tax return?  What is your federal Adjusted Gross Income?  If a non-resident New York return, what is your New York state income?  

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dngl
Returning Member

Based on my calculation your New York State Tax is computing the value inaccurately. I see I am being charged at 6.85% for my entire sum, rather than 6.85% over 385,000.

To follow up further on the issue. I've manually calculated the tax rate according to the published tax tables: https://www.tax.ny.gov/forms/html-instructions/2024/it/it203i-2024.htm#nys-tax-schedule. On the screen 'Let's Review Your New York Numbers' I took the 'Amount we start with for New York' and divided it by the 'Starting amount' and noticed it's a flat tax rate of 6.85% meaning I am being charged more than the actual amount I should be charged. Is this a bug in Turbotax?

 

This is for a resident return, and I am a local NYC resident which means I have the local tax as well. This value is accurately being taxed. Just not the NY tax.

KeshaH
Expert Alumni

Based on my calculation your New York State Tax is computing the value inaccurately. I see I am being charged at 6.85% for my entire sum, rather than 6.85% over 385,000.

If you'd like, we can look at your return and see exactly what you see to  help come to a resolution. The return will be scrubbed and won't include any of your personal details.

 

If you're using TurboTax Online:

Once you're logged in to your account,

- on the Tax Home page, click Review/Edit or Pick up where you left off on any of the tax return topics to open your tax return

- on the left hand panel, click on Tax Tools and then choose Tools

- on the pop up window, select Share my file with Agent

- you'll see a message saying you'll give us a copy of your tax return. Your personal information will be changed so we can't see any private information.

- click okay and you'll get another message with a token

 

If you're using TurboTax Desktop:

  • Click on Online in the top menu of TurboTax Desktop for Windows
  • Select 'Send Tax File to Agent'
  • Write down or send an image of your token number and state then place in this issue.
  • We can then review your exact scenario for a solution

 

Please reply to this message with your token so that we can further assist you. Let us know all the states, if any, are included on the return.

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