One of them: The date you moved into or out of NYS. I'm good with numbers but sometimes the questions make no sense. Because depending on how I answer the questions in Turbo Tax, my daughter's NYS refund goes from $92 to all of if back (which I KNOW isn't right) to $482 (which MIGHT be correct). I have a meeting with my boss who is an accountant also and I'm hoping she can answer this also. Meanwhile the deduction is being taken from the Federal side, which already has the NY earnings factored in. The amount in column A which is from the Federal form has all income earned in both states. I was upset that money earned in TX was being used to take the NY Standard Deduction. I noticed I had a typo (which I just fixed) in my post. Can't wait to do her next year's taxes, at least she won't have to deal with NYS/NYC nonsense you for your reply. I agree with you.why is the out-of-state earnings figured into the NYS side? The out-of-state earnings were higher than NY. I don't get it.Īnother problem I have is when I uploaded her Texas W2's it actually has "TX" marked off in box 15, meanwhile when I print out her tax returns/worksheets etc/ it shows "NY" as state. She worked in NY, earned NY money, moved to TX and earned TX money, none of it is NY based. It's not like she's living in TX, working from home for her NY employer earning NY money in TX. But NY considers it as NY income as a non-resident. Plus the earnings in TX are NOT NY sourced, she worked and lived in TX, has nothing to do with NY. They will tax you on what NYS THINKS you should have earned here? And then that pro-rated amount for her NY earnings looks like they're taxed again. I don't really understand what that answer was given either. Moved to Texas, got a job (actually TWO) but I think it stinks that the money she earned in Texas is figured and the standard deduction is taken out of that amount. I am in the exact situation, I am trying to do my daughter's taxes. Is it normal for NY to tax me for the income I earned in WA after I permanently moved out of NY, or NY is not giving me any tax relief from its NY state income tax just because WA does not charge any income tax? PS: Turbo Tax had me fill the IT 203 form (part year resident) and WA does not have any state income tax. Please let me know if I am doing something wrong here. Ideally New York should only tax me for the income I earned in New York (20000), but based on my Turbo Tax filing it seems New York is going to charge me for all the 50000 I earned (30000 in WA and 20000 in NY). In New York let us say I made 20000 with an employer based in New York whereas I made 30000 with an employer in Washington state in 2021. Medicaid costs have skyrocketed as New York has boosted enrollment, raised the minimum wage for all workers and taken on more Medicaid bills once shouldered by counties.I lived in New York state till the end of June 2021 (less than 184 days total), and then moved away to Washington state and started my next job in the end of September (I was unemployed for roughly 3 months). And they criticize years of “fiscal austerity” under Cuomo, as health care costs rise and educational advocacy groups call for more spending on schools. His budget director, Robert Mujica, has said the top 1% of earners pay 40% of New York’s income taxes.Īnd Mujica has said an additional $12 billion in expected federal COVID-19 aid could prevent the need for a tax hike.īut Democratic legislative leaders who have pushed forward with a proposed tax hike said there’s no conclusive evidence that tax hikes drive out the rich. He’s also long warned that raising taxes on the wealthy could drive them out of New York at a time when the state’s economy is still recovering from COVID-19 economic shutdowns last week. That move - along with a reinstatement of the capital base tax - would raise $750 million this upcoming year.ĭemocrats won control of the state Senate in 2018, but they gained more leverage last year by winning a veto-proof supermajority.Ĭuomo expressed newfound openness to raising taxes on top-earners this year - his budget proposal included a limited, temporary tax increase on high-earners if New Yorkers didn’t receive extra COVID-19 aid. New York was also set to raise the corporate tax rate from 6.5% to 7.25% for taxpayers with net incomes over $5 million. The exact language of the tax hike wasn’t available online until late Tuesday evening.
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