Department of Taxation and Finance IT-201-I Instructions Instructions for Form IT-201 Full-Year Resident Income Tax Return New York State • New York City • Yonkers • MCTMT (including instructions for Forms IT-195 and IT-201-ATT) Before you prepare a paper return, consider filing electronically • Electronic preparation and filing is fast, easy, and secure. • Electronic filers get their refunds up to twice as fast as paper filers. • The user-friendly software ensures you file all the right forms and don’t miss out on valuable credits. Visit www.tax.ny.gov to file and learn more. If you do file a paper return, you may need these additional forms, as well as credit claim forms. Use Form: to: IT-2 report wages and NYS, NYC, or Yonkers tax withheld (do not submit Form W-2). IT-195 allocate all or a portion of your personal income tax refund to a NYS 529 account. IT-196 claim the New York itemized deduction IT-201-V make a payment by check or money order with your return. IT-1099-R report NYS, NYC, or Yonkers tax withheld from annuities, pensions, retirement pay, or IRA payments (do not submit Form 1099-R). IT-201-ATT report other NYS or NYC taxes or to claim credits other than those reported on Form IT-201. IT-225 report NY addition and subtraction modifications not reported directly on Form IT-201. IT-227 make voluntary contributions IT-558 report addition and subtraction adjustments to federal amounts due to decoupling from the IRC. Reminder: To claim a tax credit (with the exception of the household credit and NYC school tax credit) you must complete and submit the appropriate credit form. 2 2020 IT-201-I, Table of contents Access our website at www.tax.ny.gov Table of contents Go to topic Print Go to topic Print What’s new for 2020? ............................................. 3 Finish your return .................................................. 36 1099-G information ................................................. 6 Form IT-195, Allocation of Refund ........................ 38 Who must file? ........................................................ 6 Form IT-201-ATT, Other Tax Credits and Taxes ... 39 Filing information for same-sex married couples .... 7 Additional information ........................................... 42 Credits for individuals ............................................. 8 School districts and code numbers ....................... 45 Credits for businesses .......................................... 10 New York State Tax Table .................................... 49 Other forms you may have to file .......................... 13 New York State tax rate schedule ........................ 57 Filing status and items B through H ...................... 14 Tax computation – New York AGI of more than $107,650 ............... 58 Federal income tax return information – lines 1 through 19 ............................................. 16 New York City Tax Table ...................................... 61 Partners, beneficiaries, S corporation New York City tax rate schedule .......................... 69 shareholders ..................................................... 17 Index ............................................. inside back cover New York additions – lines 20 through 23 ............ 17 When to file/Important dates ................... back cover New York subtractions – lines 26 through 31 ....... 18 Need help? ............................................. back cover Standard or itemized deduction and dependent Where to file ........................................... back cover exemptions – lines 34 and 36 ........................... 21 New York State tax – line 39 ................................. 22 New York State household credit – line 40 ........... 22 Resident credit and other New York State nonrefundable credits – lines 41 and 42 ........... 23 Net other New York State taxes – line 45 ............. 23 New York City taxable income – line 47 ................ 23 New York City taxes – line 47a, 50, and 51 .......... 23 New York City household credit – line 48 ............. 23 New York City nonrefundable credits – line 53 ..... 25 MCTMT – lines 54a and 54b ................................. 25 Yonkers taxes – lines 55, 56, and 57 .................... 26 Sales or use tax – line 59 ..................................... 27 Voluntary contributions – line 60 ........................... 28 Credits – lines 63 through 71 ................................ 28 New York State, New York City, and Yonkers tax withheld – lines 72, 73, and 74 ......................... 30 Check your withholding for 2021 .......................... 31 Estimated tax payments – line 75 ......................... 31 Refund options ..................................................... 32 Payment options ................................................... 33 Account information – line 83 ............................... 34 Access our website at www.tax.ny.gov 2020 IT-201-I, General information 3 What’s for 2020? General changes for 2020 • Warrantless state tax debt collection methods The warrantless state tax debt collection methods under • Decoupling from certain federal provisions Tax Law §§ 174-c and 1701 have been extended through For tax years beginning before January 1, 2022, the 2020-2021 March 31, 2025. New York State budget (Part WWW of Chapter 58 of the Laws of 2020) decoupled personal income tax from any amendments Tax Law § 174-c allows the Commissioner of Taxation and made to the Internal Revenue Code (IRC) after March 1, 2020. Finance (Commissioner) to serve income executions (wage This includes changes made by the federal Coronavirus Aid, garnishments) on individual tax debtors and, if necessary, on Relief, and Economic Security (CARES) Act and any other employers of tax debtors, for collection of fixed and final tax federal changes to the IRC. Therefore, any amendments made debts without filing a public warrant. to the IRC after March 1, 2020, will not apply to New York State Tax Law § 1701 allows the Commissioner to use the financial or New York City personal income tax. See Form IT-558, New institution data match system for collection of fixed and final tax York State Adjustments due to Decoupling from the IRC, and debt, regardless of whether a warrant has been filed. its instructions. • START-UP NY program applications Changes to existing credits The application deadline for businesses that want to participate • Rehabilitation of historic properties credit in the START-UP NY program has been extended to December For tax years beginning on or after January 1, 2020, the credit 31, 2025. For more information on this program, visit the has been expanded to include a qualified rehabilitation project Empire State Development website at www.esd.ny.gov and see undertaken within a state park, state historic site, or other land TSB-M-13(7)C, (6)I, (11)M, (1)MCTMT, (7)S, SUNY Tax-Free owned by the state, that is under the jurisdiction of the Office of Areas to Revitalize and Transform Upstate New York Program. Parks, Recreation and Historic Preservation. See Form IT-238, Claim for Rehabilitation of Historic Properties Credit, and its • New York City resident tax rates instructions. The New York City resident tax rates and the 14% additional tax have been extended and now apply to tax years beginning • Hire a veteran credit before 2024. This credit has been extended through December 31, 2021. See Form IT-643, Hire a Veteran Credit, and its instructions. • Tax Department authorized to provide unclaimed tax benefits • Long-term care insurance credit Effective April 3, 2020, For tax years beginning on or after January 1, 2020, the credit • the Tax Department is authorized to compute and issue a has been amended to allow a taxpayer (including nonresident New York State and New York City earned income credit and part-year resident taxpayers) to claim the credit only if when it discovers a taxpayer is eligible for such a credit and the taxpayer’s New York adjusted gross income is less than did not claim the credit on his or her personal income tax $250,000. The amendment also provides that the credit return; and amount cannot exceed $1,500. See Form IT-249, Claim for • if an individual taxpayer has elected to claim a New York Long-Term Care Insurance Credit, and its instructions. itemized deduction, but the Tax Department determines that the New York standard deduction is greater than the • Empire State film production and Empire State film post- allowable itemized deduction, the Tax Department will production tax credits recompute the taxpayer’s tax liability using the standard Several amendments were made to these credits. See Form deduction. Taxpayers will be notified if an adjustment is IT-248, Empire State Film Production Credit, Form IT-261, made to their election. Empire State Film Post-Production Credit, and their instructions. • New York call center jobs act As of June 30, 2020, an employer intending to relocate a • Excelsior jobs program tax credit call center or 30% or more of their call center employees This credit has been extended through tax year 2039. In from New York to a foreign country must notify the New York addition, enhancements have been made to the program State Department of Labor (DOL) at least 90 days prior to the to add tax credits for green projects aimed at reducing move. The Commissioner of DOL will annually compile a list greenhouse gas emissions and supporting the use of clean of call center employers that have relocated and post the list energy. For more information on this credit, visit the Empire on DOL’s