California Income Tax 2014

2014 California 540  Tax Forms – Personal Income Tax

On this page you will find:

-  Forms 540  (California Resident Income Tax Return) and instructions how to fill this forms.

- California Nonresident or Part-Year Resident Income Tax Return

- Amended Individual Income Tax Return

-Estimated Tax for Individuals

California State Individual Income Tax Forms 2014

2014 California Tax Calulator

2014 Tax Rates and Exemptions

 

Individual tax rates

  • The maximum rate for individuals is 12.3%
  • The AMT rate for individuals is 7%
  • The Mental Health Services Tax Rate is 1% for taxable income in excess of $1,000,000.

California State and Federal Income Tax Forms

California State Income Tax Forms

2014 California 540 Tax Forms – Personal Income Tax

540 Form – 2014 California Residents
540-2EZ Form– 2014 California Resident
540-NR Form (Long) – CA part-year or nonresident
540-ES Form– 2014 estimated tax

More California State  tax forms and publications

Federal Forms

Form W-4 – 2015 Employee’s Withholding Allowance Certificate
Form W-9 – Request for Taxpayer Identification Number and Certification
Form 1040-ES –  Estimated Tax for Individuals
Form 1040 – U.S. Individual Income Tax Return
Form 941 – 2014 Employer’s QUARTERLY Federal Tax Return

More Federal forms and publications

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2014 California Tax Rates and Exemptions

The rate of inflation in California, for the period from July 1, 2013, through June 30, 2014, was 2.2%. The 2014 personal income tax brackets are indexed by this amount.

Corporate tax rates

Entity type Tax rate
Corporations other than banks and financials 8.84%
Banks and financials 10.84%
Alternative Minimum Tax (AMT) rate 6.65%
S corporation rate 1.5%
S corporation bank and financial rate 3.5%

Individual tax rates

  • The maximum rate for individuals is 12.3%
  • The AMT rate for individuals is 7%
  • The Mental Health Services Tax Rate is 1% for taxable income in excess of $1,000,000.

Exemption credits

Filing Status/Qualification Exemption amount
Married/Registered Domestic Partner (RDP) filing jointly or qualifying widow(er) $216
Single, married/RDP filing separately, or head of household $108
Dependent $333
Blind $108
Age 65 or older $108

Phaseout of exemption credits

Higher-income taxpayers’ exemption credits are reduced as follows:

Filing status Reduce each credit by: For each: Federal AGI exceeds:
Single $6 $2,500 $176,413
Married/RDP filing separately $6 $1,250 $176,413
Head of household $6 $2,500 $264,623
Married/RDP filing jointly $12 $2,500 $352,830
Qualifying widow(er) $12 $2,500 $352,830

When applying the phaseout amount, apply the $6/$12 amount to each exemption credit, but do not reduce the credit below zero. If a personal exemption credit is less than the phaseout amount, do not apply the excess against a dependent exemption credit.

Standard deductions

The standard deduction amounts for:

Filing status Deduction amount
Single or married/RDP filing separately $3,992
Married/RDP filing jointly, head of household, or qualifying widow(er) $7,984
The minimum standard deduction for dependents $1,000

Reduction in itemized deductions

Itemized deductions must be reduced by the lesser of 6% of the excess of the taxpayer’s federal AGI over the threshold amount or 80% of the amount of itemized deductions otherwise allowed for the taxable year.

Filing status AGI threshold
Single or married/RDP filing separately $176,413
Head of household $264,623
Married/RDP filing jointly or qualifying widow(er) $352,830

Nonrefundable Renter’s credit

This nonrefundable, non-carryover credit for renters is available for:

  • Single or married/RDP filing separately with a California AGI of $37,768 or less.
    • The credit is $60.
  • Married/RDP filing jointly, head of household, or qualifying widow(er) with a California AGI of $75,536 or less.
    • The credit is $120.

Miscellaneous credits

  • Qualified senior head of household credit
    • 2% of California taxable income
    • Maximum California AGI of $69,005
    • Maximum credit of $1,300
  • Joint custody head of household credit/dependent parent credit
    • 30% of net tax
    • Maximum credit of $425

AMT exemption

Filing status Amount
Married/RDP filing jointly or qualifying widow(er) $86,502
Single or head of household $64,878
Married/RDP filing separately, estates, or trusts $43,250

AMT exemption phaseout

Filing status Amount
Married/RDP filing jointly or qualifying widow(er) $324,384
Single or head of household $243,288
Married/RDP filing separately, estates, or trusts $162,191

FTB cost recovery fees

Fee type Fee
Bank and corporation filing enforcement fee $96
Bank and corporation collection fee $310
Personal income tax filing enforcement fee $76
Personal income tax collection fee $194

The personal income tax fees apply to individuals and partnerships, as well as limited liability companies that are classified as partnerships. The bank and corporation fees apply to banks and corporations, as well as limited liability companies that are classified as corporations. Interest does not accrue on these cost recovery fees.

2014 California Tax Rate Schedules

Schedule X — Single or married/RDP filing separately

If the taxable income is
Over But not over Tax is Of amount over
$0 $7,749 $0.00 plus 1.00% $0
$7,749 $18,371 $77.49 plus 2.00% $7,749
$18,371 $28,995 $289.93 plus 4.00% $18,371
$28,995 $40,250 $714.89 plus 6.00% $28,995
$40,250 $50,869 $1,390.19 plus 8.00% $40,250
$50,869 $259,844 $2,239.71 plus 9.30% $50,869
$259,844 $311,812 $21,674.39 plus 10.30% $259,844
$311,812 $519,687 $27,027.09 plus 11.30% $311,812
$519,687 AND OVER $50,516.97 plus 12.30% $519,687

Schedule Y — Married/RDP filing jointly, or qualifying widow(er) with dependent child

If the taxable income is
Over But not over Tax is Of amount over
$0 $15,498 $0.00 plus 1.00% $0
$15,498 $36,742 $154.98 plus 2.00% $15,498
$36,742 $57,990 $579.86 plus 4.00% $36,742
$57,990 $80,500 $1,429.78 plus 6.00% $57,990
$80,500 $101,738 $2,780.38 plus 8.00% $80,500
$101,738 $519,688 $4,479.42 plus 9.30% $101,738
$519,688 $623,624 $43,348.77 plus 10.30% $519,688
$623,624 $1,039,374 $54,054.18 plus 11.30% $623,624
$1,039,374 AND OVER $101,033.93 plus 12.30% $1,039,374

Schedule Z — Head of household

If the taxable income is
Over But not over Tax is Of amount over
$0 $15,508 $0.00 plus 1.00% $0
$15,508 $36,743 $155.08 plus 2.00% $15,508
$36,743 $47,366 $579.78 plus 4.00% $36,743
$47,366 $58,621 $1,004.70 plus 6.00% $47,366
$58,621 $69,242 $1,680.00 plus 8.00% $58,621
$69,242 $353,387 $2,529.68 plus 9.30% $69,242
$353,387 $424,065 $28,955.17 plus 10.30% $353,387
$424,065 $706,774 $36,235.00 plus 11.30% $424,065
$706,774 AND OVER $68,181.12 plus 12.30% $706,774

Individual Filing Requirements

If your gross income or adjusted gross income is more than the amount shown in the chart below for your filing status, age, and number of dependents, then you have a filing requirement.

Filing Status Age as of December 31, 2014* California Gross Income California Adjusted Gross Income
Dependents Dependents
0 1 2 or more 0 1 2 or more
Single or head of household Under 65 $16,047 $27,147 $35,472 $12,838 $23,938 $32,263
65 or older $21,447 $29,772 $36,432 $18,238 $26,563 $33,223
Married/RDP filing jointly or separately Under 65 (both spouses/RDPs) $32,097 $43,197 $51,522 $25,678 $36,778 $45,103
65 or older (one spouse) $37,497 $45,822 $52,482 $31,078 $39,403 $46,063
65 or older
(both spouses/RDPs)
$42,897 $51,222 $57,882 $36,478 $44,803 $51,463
Qualifying widow(er) Under 65 N/A $27,147 $35,472 N/A $23,938 $32,263
65 or older N/A $29,772 $36,432 N/A $26,563 $33,223
Dependent of another person (Any filing status) Under 65 More than your standard deduction
65 or older More than your standard deduction

* If you turn 65 on January 1, 2015, you are considered to be age 65 at the end of 2014.

Source

2014 California 540 Tax Forms – Personal Income Tax

540 Form 2014 California Resident Income Tax Return (Fill-in & Save)
540 Instructions 2014 Instructions for 540 Form, California Resident Income Tax Returns
540 Tax Table 2014 Tax Table for 540 Tax Return
540-2EZ Form 2014 California Resident Income Tax Return (Fill-in with math features & save)
540-2EZ Instructions 2014 Instructions for 540-2EZ Form, California Resident Income Tax Return
540-2EZ Tax Table 2014 Tax Table for 540-2EZ Tax Return
540-2EZ Formulario 2014 Declaración de Impuesto Sobre el Ingreso de Residente de California (Fill-in)
540-2EZ Instrucciones 2014 Instrucciones para el Formulario 540-2EZ, Declaración de Impuesto Sobre el Ingreso de Residente de California
540-ES Form 2014 Estimated Tax for Individuals (Fill-in & Save)
540-ES Instructions 2014 Instructions for 540-ES Form, Estimated Tax for Individuals
540-NR Form (Long) 2014 California Nonresident or Part-Year Resident Income Tax Return (Long) (Fill-in & Save)
540-NR Instructions (Long) 2014 Instructions for 540-NR Long Form, California Nonresident or Part-Year Resident Income Tax Return (Long)
540-NR Form (Short) 2014 California Nonresident or Part-Year Resident Income Tax Return (Short) (Fill-in & Save)
540-NR Instructions (Short) 2014 Instructions for 540-NR Short Form, California Nonresident or Part-Year Resident Income Tax Return (Short)
540-NR Tax Table 2014 Tax Table for 540-NR Tax Return

Maryland Individual Income Tax Forms 2013

For tax year 2013, Maryland’s personal tax rates begin at 2% on the first $1000 of taxable income and increase up to a maximum of 5.75% on incomes exceeding $250,000 (or $300,000 for taxpayers filing jointly, heads of household, or qualifying widow(ers)). Nonresidents are subject to a special tax rate of 1.25%, in addition to the state income tax rate.

Maryland’s 23 counties and Baltimore City also levy a local income tax, which is collected on the resident state tax return as a convenience to local governments.

There are special tax benefits available to taxpayers 65 and older, military retirees, low income families and families paying for child care. The deadline for filing your Maryland income tax is April 15, 2014, if you are filing on a calendar year basis.

Resident Individuals Income Tax Forms
Number Title Description
502&502B Maryland Resident Income Tax Return with Form 502B Maryland long form for full- or part-year residents claiming dependents.
502 Maryland Resident Income Tax Return Maryland long form for full- or part-year residents.
502B Maryland Dependents Information Form to be used when claiming dependents.
502AC Maryland Subtraction for Contribution of Artwork Form and instructions for claiming subtraction for artwork created by qualifying persons and donated to a Maryland museum.
502AE Maryland Subtraction for Income Derived within an Arts and Entertainment District Form and instructions for claiming subtraction for income that a qualifying resident artist derives from selling an artistic work within an arts and entertainment district.
502CR Maryland Personal Income Tax Credits for Individuals and Instructions Form and instructions for individuals claiming personal income tax credits including:

  • Taxes paid to other states
  • Child and dependent care expenses
  • Long-term care insurance
  • Preservation and conservation easements
  • Neighborhood stabilization
  • IRC section 1341 repayment
  • Federal form 1041 Sch K-1 nonresident PTE tax
502D – 2013 Maryland Personal Declaration of Estimated Income Tax Form and instructions for filing and paying an estimated tax on income for tax year 2013 from which no tax is withheld, or wages from which not enough Maryland tax is withheld.
502D – 2014 Maryland Personal Declaration of Estimated Income Tax Form and instructions for filing and paying an estimated tax on income for tax year 2014 from which no tax is withheld, or wages from which not enough Maryland tax is withheld.
502E Maryland Application for Extension of Time to File Personal Income Tax Return Form and instructions for applying for a six-month income tax filing extension by April 15, 2014, (or the 15th day of the fourth month following the close of the tax year) and paying the full amount due with the application.
502INJ Injured Spouse Claim Form Form and instructions for a qualifying spouse to a file claim for a portion of a refund issued to the other spouse if any of the refund was applied to the following debts owed by the other spouse: past due state or federal taxes, past due child support or other state debt that has been referred to the Central Collection Unit.
502S Maryland Sustainable Communities Tax Credit 502S is used to calculate allowable tax credits for the rehabilitation of certified rehabilitation structures completed in the tax year which begins during the period of January 1, 2012 through December 31, 2012. Form 502S only applies to applications received by Maryland Historical Trust on or after June 1, 2010. For applications received by Maryland Historical Trust before June 1, 2010, use Form 502H.
502SU Maryland Subtractions from Income Other subtractions that you may qualify for will be reported on Form 502SU. Determine which subtractions apply to you and enter the amount for each on Form 502SU and attach to your Form 502.
502TP Computation of Tax Preference Income Modification Form and instructions for an individual or fiduciary of an estate or trust to use for reporting items of tax preference in excess of $10,000 ($20,000 for a joint return).
502UP Underpayment of Estimated Maryland Income Tax by Individuals Form and instructions for individuals who are liable for interest for untimely filing and/or underpayment of their estimated tax.
502V Use of Vehicle for Charitable Purposes Form and instructions for subtracting from the federal adjusted gross income certain unreimbursed automobile travel expenses incurred in connection with service as a volunteer for a nonprofit volunteer fire company or other qualified organization.
502X Maryland Amended Tax Form and Instructions Form and instructions to be used by resident individuals for amending any item of a Maryland return for tax year 2013.
503 Maryland Resident Income Tax Return (Short Form) Maryland short form for full year residents with incomes of less than $100,000.
588 Direct Deposit of Maryland Income Tax Refund to More Than One Account Use Form 588 if you want us to directly deposit your tax refund to either two or three of your accounts at a bank or other financial institution in the United States.
Nonresident Individuals Income Tax Forms
Number Title Description
505 Maryland Nonresident Income Tax Return Form for nonresidents to file if:

  • they are required to file a federal return based on the minimum filing requirements, and
  • they received income from sources in Maryland

Note: This form is not required for nonresidents who reside in the District of Columbia, Pennsylvania, Virginia or West Virginia and had only wages from Maryland.

505NR Nonresident Income Tax Computation Form for nonresidents to use to compute their Maryland taxable net income with subtractions for non-Maryland income, and attach to Form 505.
505SU Nonresident Subtractions Form to be used by nonresidents for any qualified Maryland subtractions.
505X Maryland Nonresident Amended Tax Return Form and instructions for nonresidents to use to complete a nonresident amended return for tax year 2013.

Note: Nonresidents who wish to amend a tax year prior to 2009 must complete Form 502X for the year to be amended.

515 Maryland Tax Return – Nonresident Local Tax Form and instructions for nonresidents employed in Maryland who reside in jurisdictions that impose a local income or earnings tax on Maryland residents.
Instruction Booklets
Booklet Title Description
Resident Maryland State and Local Tax Forms and Instructions Instructions for filing personal state and local income taxes for full- or part-year Maryland residents.
Resident Itemized Deduction Worksheet Maryland State and Local Resident Itemized Deduction Worksheet Worksheet for all resident taxpayers who itemize deductions and who had federal Adjusted Gross Income of $178,150 or more ($89,075 if Married Filing Separately). This worksheet is needed to address limitations affecting itemized deductions.
Nonresident Maryland Tax Forms for Nonresidents Instructions for filing personal income tax returns for nonresident individuals.
Nonresident Itemized Deduction Worksheet Maryland Nonresident Itemized Deduction Worksheet Worksheet for all nonresident taxpayers who itemize deductions and who had federal Adjusted Gross Income of $178,150 or more ($89,075 if Married Filing Separately). This worksheet is needed to address limitations affecting itemized deductions.

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Filing Information for Individual Income Tax

Electronic Filing (iFile)
Paper Filing
Income Tax Forms 
Power of Attorney

Georgia 2013 Individual Tax Return Forms and Instructions

 

2013 Individual Income Tax Forms 
Form IT- 511 Individual Income Tax Instruction Booklet IT- 511
Form 500 Individual Income Tax Return and IND-CR Individual Credit Form (Fill in on-line, print and mail) (rev. 7/13) 500
Form 500-EZ Short Individual Income Tax Return (Fill in on-line, print and mail) (rev. 7/13) 500-EZ
Form IND-CR Individual Income Tax Credit (rev. 7/13) IND-CR
Form IT-560 Individual / Fiduciary Extension Payment (Fill in on-line, print and mail) (rev. 7/13) IT-560
2013 Form 500-ES Estimated Tax for Individuals and Fiduciaries (Fill in on-line, print and mail) (rev. 9/12) 500-ES – 2013
2014 Form 500-ES Estimated Tax for Individuals and Fiduciaries (Fill in on-line, print and mail) (rev. 7/13) 500-ES – 2014
Form 525-TV Form 525-TV Payment Voucher (Fill in on-line, print and mail) (rev. 7/13) 525-TV
Form 500-NOL Application for Net Operating Loss Adjustment (other than corporations) (rev. 7/13) 500-NOL
Form 500X Amended Individual Income Tax Return (rev. 7/13) 500X
Form 2106 Employee Business Expenses (rev. 7/13) 2106
Form 4562 Depreciation and Amortization (rev. 7/13) 4562
Form 500-UET Underpayment of Estimated Tax by Individuals/ Fiduciary (rev. 10/12) 500-UET
Form GA-8453 Individual Income Tax Declaration for Electronic Filing or 2D Barcode Direct Deposit (rev. 8/13) GA-8453
Form IT-550 Claim for Refund of Georgia Income Tax Erroneously or Illegally Collected (rev. 8/13) IT-550
Form IT-303 Application for Extension of Time for Filing State Income Tax Returns (rev. 12/12) IT-303
Form GA-5347 Statement of Person Claiming Refund on Behalf of a Deceased Taxpayer (rev. 1/13) GA-5347
Form GA-9465 Installment Agreement Request Form (rev. 6/12) GA-9465
Replacement Check Request (rev. 5/12) Form IA-81
Full-year Residents
Full-year residents are taxed on all income, except tax exempt
income, regardless of the source or where derived. You are
required to file a Georgia income tax return if:
You are required to file a Federal income tax return;
You have income subject to Georgia income tax that is
not subject to Federal income tax;
Your income exceeds the standard deduction and
personal exemptions as indicated below:
Single, Head of Household or Qualifying Widow(er)
1. Under 65, not blind $5,000
2. Under 65, and blind 6,300
3. 65 or over, not blind 6,300
4. 65 or over, and blind 7,600
B. Married filing Joint
1. Both under 65, not blind $ 10,400
2. One 65 or over, not blind 11,700
3. Both under 65, both blind 13,000
4. Both under 65, one blind 11,700
5. Both 65 or over, not blind13,000
6. One 65 or over, and blind 13,000
7. One 65 or over, and both blind 14,300
8. Both 65 or over, and blind 15,600
C. Married filing Separate
1. Under 65, not blind $ 5,200
2. Under 65, and blind 6,500
3. 65 or over, not blind 6,500
4. 65 or over, and blind 7,800
These requirements apply as long as your legal residence is
Georgia, even if you are absent from or live outside the State temporarily. A credit for taxes paid to another state is allowe

New York State Individual Tax Return Forms 2013 (Residents and Non-residents)

Full-Year New York State resident forms and instructions

Income tax highlights for 2013

General changes for 2013

  • Form IT-201-V required if paying by check or money order
    All taxpayers making a payment by check or money order must now complete and submit Form IT-201-V, Payment Voucher for Income Tax Returns
  • Third-party designee
    Authorizations for a third-party designee will no longer expire. An authorization will now continue until you revoke it, which you may do at any time by contacting the Tax Department.
  • Filing information for same-sex married couples
    As a result of the Supreme Court’s decision United States v. Windsor, and IRS Revenue Ruling 2013-17, for federal tax purposes the IRS will recognize a marriage between a same-sex couple that is a legal marriage under the laws of the jurisdiction (either domestic or foreign) where the marriage was performed. See Personal income tax information for same-sex married couples.
  • Web File for free
    The Tax Department’s new Web File service may let you prepare and file your income tax return for free.
  • Federal limit on itemized deductions
    Federal itemized deductions are once again limited for taxpayers with federal adjusted gross income (AGI) that exceeds certain amounts. This limited amount is the starting point for calculating your New York itemized deduction.
  • New York itemized deduction
    The current 25% New York itemized deduction limitation for taxpayers with New York AGI over $10 million has been extended through tax year 2015.
  • Cost of living adjustment
    The New York State standard deduction and tax rate schedules have been adjusted to reflect the cost of living adjustment required under the Tax Law.
  • Sales and use tax report
    If you report $1,700 or more in sales or use tax on your income tax return, you must complete Form IT-135, Sales and Use Tax Report for Purchases of Items and Services Costing $25,000 or more.
  • Driver’s license suspension for outstanding tax liabilities
    A new provision of the law allows the New York State Department of Motor Vehicles to suspend your driver’s license if you have outstanding tax liabilities of $10,000 or more.

Changes to existing credits

New credit

New and revised income modifications

  • Addition modification for New York net operating loss (NOL) limitation
    A new addition modification replaces the previous method used to account for the New York limitation on a federal NOL deduction.
  • New York State Business Incubator and Innovation Hot Spot Support Act
    This act provides tax incentives to support the growth of companies in the early stages of development. See Form IT-223, Innovation Hot Spot Deduction, and its instructions.
  • Royalty income exclusion
    Changes have been made to the royalty and interest payment modification(s).

New voluntary contributions

  • New York State Teen Health Education Fund
    Taxpayers may donate any whole dollar amount to be used to supplement educational programs for health issues facing teens.
  • Honor and Remembrance of Veterans
    Taxpayers may donate any whole dollar amount to be used for the veterans remembrance and cemetery maintenance and operation fund.

Nonresident and part-year New York State resident forms and instructions

 

f you were a nonresident of New York State, you are subject to  New York State tax on income you received from New YorkState sources in 2013. If you were a resident of New York Statefor only part of 2013, you are subject to New York State tax on all income you received while you were a resident of the stateand on income you received from New York State sources while you were a nonresident. To compute the amount of tax due, use Form IT-203,

Nonresident and Part‑Year Resident Income TaxReturn
. You will compute a base tax as if you were a full-year
resident, then determine the percentage of your income that is
subject to New York State tax and the amount of tax apportioned
to New York State.

 

Indiana 2012 Individual Income Tax Forms

INfreefile

Indiana Full-Year Residents

IT-40 Form 2012   IT-40 Income Tax Form

When filing, you must include Schedules 3 & 4, 7, and probably CT-40, along with Form IT-40. You must include Schedules 1 (add-backs), 2 (deductions), 5 (credits, such as Indiana withholding), 6 (offset credits) and IN-DEP (additional dependent information) if you have entries on those schedules.

 

IT-40 Booklet 2012   IT-40 Income Tax Instruction Booklet (not including form or schedules)

More forms

Rules of filing:

  • If you file a single federal income tax return, you must file a single Indiana individual income tax return.
  • If you file a joint federal income tax return, you must file a joint Indiana individual income tax return.

Form IT-40EZ is available for many Indiana full-year residents. Note: If you were a full-year Indiana resident, but you’re filing a joint return, and your spouse was not a full-year Indiana resident, you must file Form IT-40PNR.

This form is available for Indiana full-year residents who meet all of the following qualifications:

  • you must have filed a federal Form 1040EZ;
  • you must have been an Indiana full-year resident;
  • you must claim only the Renter’s Deduction and/or Unemployment Compensation Deduction (or none at all);
  • you must have had only Indiana state and county tax withholding credits and/or Automatic Taxpayer Refund credit (or none at all); and
  • you do not have any interest income from a direct obligation (acquired after Dec. 31, 2011) of a state or political subdivision other than Indiana.

Use Form IT-40 if you (and your spouse, if filing jointly) were a full-year Indiana resident and you do not qualify to file Form IT-40EZ.

Form IT-40RNR is available for individuals who meet both of the following requirements:

  • you must have been a full-year resident of one of the following states: Kentucky, Michigan, Ohio, Pennsylvania or Wisconsin; and
  • you must have received only the following types of income from Indiana: wages, salaries, tips or other compensation.

If you have any other kind of Indiana-source income, you’ll have to file Form IT-40PNR.

Form IT-40PNR is available if you (and/or your spouse if filing jointly) were an Indiana resident for less than a full year (or not at all) and you do not qualify to file Form IT-40RNR.

Examples

2012 Indiana County Income Tax Rates and County Codes

 

2012 New York State Individual Tax Return Forms

You must file a New York State income tax return if you’re a New York State resident and are required to file a federal return. You may also have to file a New York State return if you’re a nonresident of New York and you have income from New York State sources.

 

New York State residents – Form IT-201, Resident Income Tax Return

Instructions for Form IT-201

If

  • You have to file a federal return.
  • You didn’t have to file a federal return but your federal adjusted gross income1 plus New York additions2 was more than $4,000 ($3,000 if you are single1 and can be claimed as a dependent on another taxpayer’s federal return).
  • You want to claim a refund of any New York State, New York City, or Yonkers income taxes withheld from your pay.

You may have additional filing responsibilities if you’re a New York City or Yonkers resident or part-year resident or you have Yonkers income.

New York State nonresidents – Form IT-203, Nonresident and Part-Year Resident Income Tax Return

Instructions for Form IT-203

If

  • You’re a nonresident with New York source income and your New York adjusted gross income federal amount column (Form IT-203, line 31) exceeds your New York standard deduction.
  • You want to claim a refund of any New York State, New York City, or Yonkers income taxes withheld from your pay.
  • You want to claim any of the refundable or carryover credits available.
  • You’re subject to the New York State minimum income tax on tax preference items derived from or connected with New York sources.
  • You had a net operating loss for New York State personal income tax purposes for the tax year, without having a similar net operating loss for federal income tax purposes.

You may have additional filing responsibilities if you have Yonkers income.

New York State part-year residents – Form IT-203, Nonresident and Part-Year Resident Income Tax Return

Instructions for Form IT-203

If

  • You’re a part-year resident with any income during your resident period or you had New York source income during your nonresident period.
  • You want to claim a refund of any New York State, New York City, or Yonkers income taxes withheld from your pay.
  • You want to claim any of the refundable or carryover credits available.
  • You’re subject to the New York State minimum income tax on tax preference items derived from or connected with New York sources.
  • You’re a part-year resident and you are subject to a separate tax on any lump-sum distributions  for your resident period derived from or connected with New York sources.
  • You had a net operating loss for New York State personal income tax purposes for the tax year, without having a similar net operating loss for federal income tax purposes.

You may have additional filing responsibilities if you’re a New York City or Yonkers part-year resident or you have Yonkers income.

 

General changes for 2012

• New York State tax rates reduced

Certain rates within the New York State tax rate schedules
have been reduced, and the tax computation worksheets for
taxpayers with New York adjusted gross income of more than
$100,000 are now based on filing status.

• Forms IT-2, IT-1099-R, and IT-1099-UI eliminated

Taxpayers no longer file New York Forms IT-2, Summary
of W-2 Statements, IT-1099-R, Summary of Federal
Form 1099-R Statements, and IT-1099-UI, Summary of
Unemployment Compensation Payments. Instead, they must
include the state copy of certain federal forms with their New
York State returns.

• Whole dollar amounts required on income tax forms
For tax years 2012 and after, taxpayers may enter only whole
dollar amounts on income tax forms.

• Foreign account information required on Form IT-201
Taxpayers must now acknowledge if they have a financial
account located in a foreign country.

• Dependent exemption information must be entered on
Form IT-201
Taxpayers must now enter information for each dependent for
whom they claimed a dependent exemption on Form IT-201.

• Itemized deduction schedule now a separate form
The itemized deduction schedule has been moved from
Form IT-201 to new Form IT-201-D, Resident Itemized
Deduction Schedule. See the instructions for Form IT-201-D

• Penalty and interest line added to Form IT-201
Taxpayers may now enter and pay any penalty and interest
they owe directly on Form IT-201.

• Additional account information required on Form IT-201
For direct deposit or electronic funds withdrawal, taxpayers
must now designate whether the checking or savings account
is a personal or business account and enter the amount of the
electronic funds withdrawal (if applicable).

• STAR eligibility suspended for certain taxpayers with
past-due state tax liabilities
This program provides that taxpayers whose total past-due
state and local tax liabilities are $4,500 or more, and who own
real property, may have their STAR exemptions suspended.

• Metropolitan commuter transportation mobility tax
(MCTMT) threshold increased
The threshold for imposing the MCTMT on individuals with net
earnings from self-employment has increased from $10,000 to
$50,000 for tax years beginning on or after January 1, 2012.
See Form MTA-6, Metropolitan Commuter Transportation
Mobility Tax Return, and its instructions.

New credits

• Beer production credit
A new credit is available to registered beer distributors that
produce 60,000,000 or fewer gallons of beer in New York
State in the tax year. See Form IT-636, Beer Production
Credit, and its instructions.

• Empire State Jobs Retention Program
This program provides tax incentives to businesses that are
at risk of leaving the state due to the impact on business
operations of an event (such as a natural disaster) leading to
an emergency declaration by the governor. See Form IT-634,
Empire State Jobs Retention Program Credit, and its
instructions.

• New York Youth Works Tax Credit Program
This program provides tax incentives to qualified businesses
employing at-risk youths in full-time and part-time positions in
2012 and 2013. See Form IT-635, New York Youth Works Tax
Credit, and its instructions.

Changes to existing credits
• Empire State commercial production credit
This credit has been extended through tax years beginning
before January 1, 2015. See Form IT-246, Claim for Empire
State Commercial Production Credit, and its instructions.

• Empire State film post-production credit
Visit the Governor’s Office for Motion Picture and Television
Development Web site at www.nylovesfilm.com for information
concerning the amendments made to this credit.

• Biofuel production credit
This credit has been extended through tax years beginning
before January 1, 2020. See Form IT-243, Claim for Biofuel
Production Credit, and its instructions.

• Noncustodial parent earned income credit
This credit has been extended through tax years beginning
before January 1, 2015. See Form IT-209, Claim for
Noncustodial Parent New York State Earned Income Credit,
and its instructions.

• Clean heating fuel credit
This credit has been extended through tax years beginning
before January 1, 2017. See Form IT-241, Claim for Clean
Heating Fuel Credit, and its instructions.

• Solar energy system equipment credit
This credit has been expanded to include leased property.
See Form IT-255, Claim for Solar Energy System Equipment
Credit, and its instructions.

• Brownfield credits
The eligibility timeframe for the brownfield tax credits has
been extended from March 31, 2015, to December 31, 2015.
See Forms IT-611, Claim for Brownfield Redevelopment Tax
Credit, IT-612, Claim for Remediated Brownfield Credit for
Real Property Taxes, and IT-613, Claim for Environmental
Remediation Insurance Credit, and their instructions.

 

New York State – Changes in sales tax clothing exemption effective April 1, 2012

Sales of eligible clothing and footwear for less than $110 are exempt from state sales tax 

Beginning April 1, 2012, the New York State sales tax clothing exemption is restored to the original less-than-$110 threshold.

Sales of eligible clothing and footwear costing less than $110 per item or pair are exempt from the state’s 4% sales tax and local tax in those localities that enacted the exemption.

These sales are only exempt from the ⅜% Metropolitan Commuter Transportation District (MCTD) tax in those localities within the MCTD that enacted the exemption from their local tax.

  • TSB-M-12(3)S, State Sales Tax Exemption for Clothing and Footwear Costing less than $110 is Restored Effective April 1, 2012

More info