Ask Experts Questions for FREE Help !
Ask
    havoc_11's Avatar
    havoc_11 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 3, 2009, 05:37 PM
    The difference in a New York state tax return it-150 and it-201
    Hi I'm a student new to the tax world. What is the difference between a New York state tax return "it-150" and a New York state tax return "it-201"? If anyone can help me by answering this question I would appreciate it. Thank you.

    P.S.~ what do you need to be eligible for both of these?
    dsCPA's Avatar
    dsCPA Posts: 3, Reputation: 1
    New Member
    		  
    #2

    Mar 10, 2009, 09:47 AM

    The 150 is a short form and the 201 is a long form. If you are claiming certain credits, have certain income levels, are subject the New York minimum tax then you would have to file form IT-201 though there are more specifics.
    rpmind's Avatar
    rpmind Posts: 1, Reputation: 1
    New Member
    		  
    #3

    Feb 28, 2010, 12:01 PM
    I lived in New York for just over 3 months and moved to Alabama for the remainder of the year. Since the employers took taxes out from both states, I assume I have to file two state tax returns, but do I just take a fraction of the standard deduction that I would be entitled to?

    Ross Indelicato
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
    Expert
    		  
    #4

    Mar 1, 2010, 10:07 AM

    Hello rpmind. You file part-year tax returns with each state. You end up paying tax to each state only on the income you earned while living in that state. And yes, deductions are pro-rated - just follow the directions for the part-year resident returns. If you are using TurboTax or some other software package it should walk you through the process.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Can I file New York State Tax Return as Non Resident ? [ 16 Answers ]

Hello, I'm looking for some advice about my state tax return. Thank you in advance for whoever can provide some guidance. I'm a french citizen and arrived in New York under a J-1 visa in July 2004. I filed as non resident for my 2004 tax return. In October 2005, I obtained the H1-B status....

Time difference between New York and Spain. [ 2 Answers ]

What time is it in Spain now. Im in the eastern time zone.

Late filing for New York state return with refund [ 1 Answers ]

Hi AtlantaTaxExpert! We are filing a state tax return in New York but still awaiting for my ITIN. We have a refund. I checked the NY website it says there that we shoud file an extension even though we don't owe any tax. Since we were not able to apply for an extension before the filing due date,...

Filing status different for Federal return and State return [ 1 Answers ]

Can I use a different filing status for Federal and State? I got married in October last year, but I and my wife were residing in separate states till early 2007. So, on Dec 31st we were married but did not stay together. For the state I guess we cannot file JOINT because of different states....

New York State Return [ 1 Answers ]

I have already filed my New York Tax Return about 3 weeks back. (nothing shows up on the status as yet). Filed IT-203 but I sent my W2 and did not send IT-2 What should I do?? Any suggestions??

View more questions Search