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mizzemm
Returning Member

I don't understand where the NY State itemized deduction amount is coming from. My itemized deductions for federal are 30,355. For state, they're 51,000. Seems wrong.

The state return is not allowing me to see the breakdown of itemized deductions, so I can't tell where this number is coming from. Very annoying.
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3 Replies
LenaH
Expert Alumni

I don't understand where the NY State itemized deduction amount is coming from. My itemized deductions for federal are 30,355. For state, they're 51,000. Seems wrong.

There are differences between what you can itemize on your 1040 versus what you can itemize on your IT-201. 

 

Here could be some of the differences:

  1. For federal purposes, you can no longer claim an itemized deduction for job expenses and certain miscellaneous deductions that were subject to the 2 percent of FAGI limitation, such as employee business expenses. In NY, you can claim some of these deductions, such as employee business expenses.
  2. For federal purposes, you can no longer claim an itemized deduction for a casualty or theft loss unless it is the result of a federally declared disaster. For New York purposes, you can claim casualty and theft losses.
  3. For federal purposes, your total itemized deduction for state and local taxes paid in 2021 is limited to a combined amount not to exceed $10,000 ($5,000 if married filing separate). In addition, you can no longer deduct foreign taxes you paid on real estate. For New York purposes, your state and local taxes paid in 2021 are not subject to the federal limit and you can deduct foreign taxes you paid on real estate.

New York Itemized Deductions

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I don't understand where the NY State itemized deduction amount is coming from. My itemized deductions for federal are 30,355. For state, they're 51,000. Seems wrong.

About the only way to see would be to print out yoru NY tax returns, with all forms and worksheets, to see what's being included.

 

Unless you can identify some particular item that amounts to ~$17k-$18k

__________________________

another thought.

 .. senior/aged & retired?  SS and some 1099-R $$ are exempted from NY taxation  (I don't know if your NY summary would just add those to your deduction levels, or show them separately).

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
mizzemm
Returning Member

I don't understand where the NY State itemized deduction amount is coming from. My itemized deductions for federal are 30,355. For state, they're 51,000. Seems wrong.

Thanks  - I believe this is what’s going on. I paid to speak with a CPA and he explained. 👍

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