New York State Tax Filing

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New York Tax Details

The New York Department of Taxation and Finance made a few changes to their 2021 tax laws.

Four new forms were created:

  • Form IT-229 - Real Property Tax Relief Credit
  • Form IT-653 - Pass-Through Entity Tax Credit
  • Form IT-654 - New York City Musical and Theatrical Production Tax Credit
  • Form IT-655 - Restaurant Return-to-Work Credit

We also added support for two forms:

  • Form IT-221 - Disability Income Exclusion
  • Form IT-237 - Claim for Historic Homeownership Rehabilitation Credit

New York also added several new adjustments to the following forms:

  • Form IT-225 - New York State Modifications
  • Form IT-558 - New York State Adjustments due to Decoupling from the IRC

Taxpayers can now contribute to new voluntary contributions:

  • William B. Hoyt Memorial Children and Family Trust Fund
  • Gun Violence Research Fund
  • Substance Use Disorder Education and Recovery Fund

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