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It's not that simple. Did you receive Unemployment Comp in 2020? New York has yet to adopt the federal government’s exemption on the first $10,200 in unemployment payments, so you need to add that back to your Federal AGI.
$21,919 + 10,200 = $32,119
$32,119 - 8,000 = $24,119
NYS also has a number of other additions and subtractions.
It's not that simple. Did you receive Unemployment Comp in 2020? New York has yet to adopt the federal government’s exemption on the first $10,200 in unemployment payments, so you need to add that back to your Federal AGI.
$21,919 + 10,200 = $32,119
$32,119 - 8,000 = $24,119
NYS also has a number of other additions and subtractions.
Ah! That makes sense! Thank you!
It's also confusing because, I tried it out on H&R Block and it calculated the NYS taxes with the federal exemption on the first 10,200. So, if NYS hasn't adopted it yet, I wonder how long that would take.
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