Basically I recently moved to NY from FL and I had some questions/concerns. I appreciate the help in advance.

I am just going to summarize my concerns because previously I wrote a nice mini-book only to have this page log me out and not allow my back browser to save. Haha, laugh at my expense.

I have a child, paid for child care in FL in 2007 and in my tax filing earlier this year I was refunded all of my child care expenses.

I am not married, so I claim my son and my girlfriend files separately. I also claim myself and son for schooling assistance since they use my tax return info. My girlfriend makes more money though.

I completely depleted my 401k before I moved, paid a w/d penalty and definitely paid a 10% tax in addition. I only had about $500 in my 401k so it wasn't a large amount.

I have heard that I will need to file taxes in NY and FL.

I have no idea how much the child tax credit is in NY.

-Would I be reimbursed for the child care expenses I paid in FL earlier this year now that I am filing in New York?
-Would a NY tax preparer be able to file my taxes for NY and FL?
-How much would my 401k w/d affect my taxes when it comes time to file?
-How much is the child tax credit here in NY?

Thanks again.

First - you appear to be talking about the child care expense deduction on your FEDERAL taxes, is that correct? This deduction is available on your federal taxes regardless of where you live.

Second - Florida does not have an income tax, so I don't know why you think you'll have to file there. You will have to file in NY, covering the income that you earned while a NY resident. You will not owe NY anthing on wages or other income you earned prior to moving there.

If you depleted your 401(k), and it was worth $500, then you will report the $500 as "pension and anuity income" on your 1040 next April. You will have to show the 10% early withdrawal penalty as "Additional tax on IRAs, other qualified retirement plans, etc." on your 1040. In January you should receive a 1099-R form from the plan administrator with details, including how much they withheld for federal income taxes. If you took the withdrawal when you were a NY resident, you will have to report it on your NY taxes as well.

Yes, a NY tax preparer ought to be able to help you with your FL taxes - but like I said I don't know what taxes you are thinking of.

Quote:

---

Originally Posted by ebaines

First - you appear to be talking about the child care expense deduction on your FEDERAL taxes, is that correct? This deduction is available on your federal taxes regardless of where you live.

Second - Florida does not have an income tax, so I don't know why you think you'll have to file there. You will have to file in NY, covering the income that you earned while a NY resident. You will not owe NY anthing on wages or other income you earned prior to moving there.

If you depleted your 401(k), and it was worth $500, then you will report the $500 as "pension and anuity income" on your 1040 next April. You will have to show the 10% early withdrawal penalty as "Additional tax on IRAs, other qualified retirement plans, etc." on your 1040. In January you should receive a 1099-R form from the plan administrator with details, incuding how much they withheld for federal income taxes. If you took the withdrawal when you were a NY resident, you will have to report it on your NY taxes as well.

Yes, a NY tax preparer ought to be able to help you with your FL taxes - but like I said I don't know what taxes you are thinking of.

---

Ebaines,

Thank you brother, for your time and righteous outpouring of knowledge.
While having a conversation with a fellow disciple it was brought to my attention I "might" have to file taxes in two states. That did not make much sense to me but I did not question it further. Considering I have only filled in FL. My whole life I know not much else when it comes to taxes.

You are right on Brethren, about me referring to my child care expense on my Federal taxes within my previous passage. You have brought to light what I seek and put forth before my eyes that no matter where I live the child care expense is Federal.

My 401k was taken in FL prior to my departure.

Thank you for your time and understanding.