USA NYS Addition for Charitable Contributions


Joined
Feb 19, 2022
Messages
2
Reaction score
0
Country
United States
IRS permits single taxpayers to deduct $300 in charity even if taking the standard deduction. In 2020, NYS had taxpayers add this back as a "de-coupling" adjustment on form IT-558 with a code of A-003. For 2021, code A-003 has disappeared from NYS instructions. I cannot find anything online that says NYS permits the deduction of the $300. Do they?
 
Ad

Advertisements

BIG E

VIP Member
Joined
Dec 19, 2020
Messages
146
Reaction score
18
Country
United States
That is because IRS changed the location of where the deduction is on Form 1040.
Last year it was deducted BEFORE Federal Adjusted Gross Income, which is the starting point for the NYS Tax return.
This year, IRS placed it AFTER the Federal AGI line, so it didn't effect the NYS return for this year.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top