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gonnygo
New Member

Why did turbotax choose the NYC school tax credit fixed amount deduction last year, when this year they pick the much larger rate reduction, with similar incomes?

I lived in NYC for the full 2 years. Was turbotax mistaken last year, resulting in picking the non optimal option? There isn't even a field where the user can choose which one to pick so that can't come from the user...
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1 Reply
JulieS
Expert Alumni

Why did turbotax choose the NYC school tax credit fixed amount deduction last year, when this year they pick the much larger rate reduction, with similar incomes?

I can't access your tax information, so I can't analyze why this year is different from last year. 

 

I can explain the basic requirements for the rate reduction credit.

  • If you income is more than $500,000, you are not eligible.
  • You must file as Single, Head of Household or Married filing jointly.
  • You must be a resident or part year resident of NYC.

If you think you were eligible for the rate reduction last year as well, you can amend your 2018 tax return. 

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