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    sunflower214's Avatar
    sunflower214 Posts: 2, Reputation: 1
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    #1

    Feb 24, 2011, 09:57 AM
    Tax it-150 negative number for total tax: line 25
    If the total income after subtracting credits equals a negative number on IT-150 - do I need to continue filling out the form? Am I entitled to a refund?
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Feb 24, 2011, 10:23 AM

    You should indeed continue with the form if you want a refund, which it certainly sounds like you are due. Leave lines 25 and 26 blank (since line 24 is more than line 21), put $0 for your NY State taxes on line 27, show your taxes withheld on line 47, and your refund on lines 51, 52 and 53 as appropriate.
    sunflower214's Avatar
    sunflower214 Posts: 2, Reputation: 1
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    #3

    Feb 24, 2011, 10:30 AM
    Thank you!
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