Personal income tax up-to-date information for 2017 (Articles 22 and 30)
The following changes were not reflected on the forms for 2017 when they went to print.
If any of the following updates impact a tax form for which you are responsible for filing, and you have not yet filed such form, you must incorporate these updates when filing such form.
If you have already filed such form, and one of the following updates affects a calculation previously reported, you must file an amended form reflecting such update.
Select a tax form from the following list to identify the changes affecting that form. If a form is not listed, there have been no changes affecting that form.
See updated information regarding a New York deduction for student loans discharged due to death or disability. As a result of the new law, the Subtraction modifications chart beginning on page 16 is corrected to include:
Subtraction Modification Chart Modification
Description Returns IT-201 IT-203 IT-204 IT-205 S-134 Student loans discharged due to death or disability X X X
In general, when preparing a New York State income tax return, a taxpayer must use the same filing status that is used on their federal return. If a taxpayer did not have to file a federal return, they must use the same filing status that would have been used if they had filed.
The IRS has changed the filing status Qualifying Widow(er) with dependent child to Qualifying widower on federal income tax forms (for information on determining your federal filing status , see www.irs.gov)
Therefore, when reading any New York State income tax forms or instructions, substitute Qualifying Widow(er) for Qualifying Widow(er) with dependent child.
On page 4 of the printed version of the paper form, the freefile logo was omitted from the E-file your return ad. It is correct on the web version of the forms listed above.
The NYS 529 college savings account Plan code chart in the instructions for Form IT-195, Allocation of Refund, should read as follows:
Plan code chart corrections Plan code Description 552 New York's 529 College Savings Program Direct Plan 553 New York's 529 Advisor Guided College Savings Program
On the top of page 35 of the printed version of the paper form, the symbol ‚ that designates the filing status for Married filing a joint return was omitted. It is correct on the web version of this form.
Line 3 should read as follows:
3 Fifty percent limitation (multiply line 2 by 50% (.5); see instructions if claiming a credit carryforward from more than one entity)
On the back add instructions for Line 3 as follows:
Line 3 - For taxpayers who are claiming a wage tax credit carryforward from more than one entity on a return, the aggregate amount of all the wage tax credits used in the current year cannot exceed 50% of the current year’s tax. Multiply line 2 by 50% (.5). From this result, subtract any wage tax credits claimed for this year that you wish to apply prior to the credit claimed on this form and enter that result on line 3.
Form IT-201-X, line 78a should read as follows:
78a Amount from original Form IT-201, line 79 (see instr.)
Form IT-201-X-I, page 2, line 78a instructions should read as follows:
Line 78a Amount from original return
If you filed Form IT-203, enter the amount from Form IT-203, line 69
Form IT-203-X, line 68a should read as follows:
68a Amount from original Form IT-203, line 69 (see instructions)
Form IT-203-X-I, page 2, line 68a instructions should read as follows:
Line 68a Amount from original return
If you filed Form IT-201, enter the amount from Form IT-201, line 79