My software calculated my NY State tax as $10,347 (IT-203 line 38).
However when I apply my Income (IT-203 line 31) against the NY State tax brackets, I calculate the tax to be $10,767.
Hoping someone can identify where I'm going wrong? Thanks!
031074
3 Replies
rjs
Level 15
Apr 17, 2025 10:22:29 AM
IT-203 line 38 is the tax on the amount on line 37, not on the amount on line 31.
A lot happens between line 31 and line 38. Go to page 19 in the Form IT-203 Instructions and work through the steps line by line, reading the instructions carefully.
rjs
Level 15
Apr 17, 2025 10:44:52 AM
Also note that you can't just "apply" your income "against the NY State tax brackets." In the instructions for IT-203 line 38 there are three different ways that the tax might be calculated, depending on the amounts on lines 32 and 37. Read the instructions very carefully.