Full-Year Resident Income Tax Return

1 See updated information for this form on our website Department of Taxation and Finance IT-201-I. instructions instructions for Form IT-201. Full-Year Resident Income Tax Return New York State New York City Yonkers MCTMT. (including instructions for Forms IT-195, IT-201-ATT and IT-201-D). Before you prepare a paper Return , consider filing electronically Electronic preparation and filing is fast, easy, and secure. Electronic filers get their refunds up to twice as fast as paper filers. The user-friendly software ensures you file all the right forms and don't miss out on valuable credits. Visit to file and learn more. If you do file a paper Return , you may need these additional forms, as well as credit claim forms. Use Form: to: IT-2 report wages and NYS, NYC, or Yonkers tax withheld (do not submit Form W-2). IT-195 allocate all or a portion of your personal Income tax refund to a NYS 529. account. IT-201-V make a payment by check or money order with your Return . IT-201-D claim the New York itemized deduction.

2 IT-1099-R report NYS, NYC, or Yonkers tax withheld from annuities, pensions, retirement pay, or IRA payments (do not submit Form 1099-R). IT-201-ATT report other NYS or NYC taxes or to claim credits other than those reported on Form IT-201. IT-225 report NY addition and subtraction modifications not reported directly on Form IT-201. Reminder: To claim a tax credit (with the exception of the household credit and NYC school tax credit) you must complete and submit the appropriate credit form. 2 2017 IT-201-I, Table of contents Access our website at Table of contents Go to topic Print Go to topic Print What's new for 2017? .. 3 Form IT-195, Allocation of Refund .. 36. 1099-G information .. 5 Form IT-201-ATT, Other Tax Credits and Taxes .. 37. Who must file? .. 6 Form IT-201-D, Resident Itemized Deduction Schedule .. 39. Filing information for same-sex married couples .. 6. Additional information .. 42. Credits for individuals .. 7. School districts and code numbers .. 45.

3 Credits for businesses .. 9. New York State Tax Table .. 49. Other forms you may have to file .. 12. New York State tax rate schedule .. 57. Filing status and items B through H .. 13. Tax computation . Federal Income tax Return information New York AGI of more than $107,650 .. 58. lines 1 through 19 .. 15. New York City Tax Table .. 61. Partners, beneficiaries, S corporation shareholders .. 16 New York City tax rate schedule .. 69. New York additions lines 20 through 23 .. 16 Index .. inside back cover New York subtractions lines 26 through 31 .. 17 When to file/Important dates .. back cover Standard or itemized deduction and dependent Need help? .. back cover exemptions lines 34 and 36 .. 20. Where to file .. back cover New York State tax line 39 .. 21. New York State household credit line 40 .. 21. Resident credit and other New York State nonrefundable credits lines 41 and 42 .. 22. Net other New York State taxes line 45 .. 22. New York City taxes line 47, 50, and 51.

4 22. New York City household credit line 48 .. 22. New York City nonrefundable credits line 53 .. 24. MCTMT lines 54a and 24. Yonkers taxes lines 55, 56, and 57 .. 25. Sales or use tax line 59 .. 26. Voluntary contributions line 60 .. 27. Credits lines 63 through 71 .. 28. New York State, New York City, and Yonkers tax withheld lines 72, 73, and 74 .. 30. Check your withholding for 2018 .. 31. Estimated tax payments line 75 .. 31. Refund options .. 31. Payment options .. 32. Account information line 83 .. 33. Finish your Return .. 35. Access our website at 2017 IT-201-I, General information 3 What's for 2017? General changes for 2017 information about the program, visit the NYS Department of Labor website at Allocation of refund Beginning with tax year 2017, there is a new refund choice. Alternative fuels and electric vehicle recharging property Taxpayers may direct deposit all or a portion of their personal credit Income tax refunds to NYS 529 college savings accounts.

5 See This credit has been extended through December 31, 2022. the instructions for new Form IT-195, Allocation of Refund, on See Form IT-637, Alternative Fuels and Electric Vehicle page 36. Recharging Property Credit, and its instructions . Cost of living adjustment STAR credit advance payment The New York State standard deduction and tax rate schedules Beginning with tax year 2017, the Tax Department can estimate have been adjusted to reflect the cost of living adjustment STAR credit advance payment amounts to timely issue checks required under the Tax Law. to property owners. Property owners who receive a notice from the department stating their estimated STAR credit advance New York itemized deduction payment check was less than the amount the property owner The charitable contribution deduction limitation on the New was entitled to will be able to claim any underpaid amount of York itemized deduction for taxpayers with New York adjusted the actual STAR credit amount on their timely-filed personal gross Income (AGI) over $10 million has been extended Income tax returns.

6 See new Form IT-119, STAR Credit through tax year 2019. Advance Payment Reconciliation, and its instructions . Nonqualified deferred compensation Clean heating fuel credit If you were required to report certain nonqualified deferred Beginning with tax year 2017, there are changes to the credit compensation (as required under federal Public Law 110-343, definitions. See Form IT-241, Claim for Clean Heating Fuel Div. C, 801(d)(2)) on your 2017 federal Income tax Return , or Credit, and its instructions . if any such amounts flowed through to you from a pass-through entity, you must mark an X in the Yes box at item D3. For more New credits information, see the instructions for item D3 on page 14. Farm workforce retention credit Changes to existing credits Beginning with tax year 2017, there is a new credit available for a farm employer or an owner of a farm employer for Excelsior jobs program tax credit employing eligible farm employees. See new Form IT-647, This credit has been extended through December 31, 2029.

7 Farm Workforce Retention Credit, and its instructions . The credit is also expanded to include life science companies. See Form IT-607, Claim for Excelsior Jobs Program Tax NYC school tax credit (rate reduction amount). Credit, and its instructions . For more information on program Beginning with tax year 2017, the School Tax Reduction requirements, see the Empire State Development website at (STAR) Program rate reduction benefit for New York City residents with taxable Income of $500,000 or less has been eliminated. Affected New York City residents who previously Employee training incentive program (E-TIP) credit received the benefit of the STAR rate reduction are subject The program has been amended to incentivize companies to to a small increase in the city Income tax rates. However, this include incumbent worker training as part of the expansion increase in the city tax rates will be offset by an expanded and retention projects, and expanded to include training for New York City school tax credit.

8 See page 30 for line 69a employees working in life sciences. In addition, the definition instructions , NYC school tax credit (rate reduction amount). of a significant capital investment has been changed. For information about the credit, see Form IT-646, Employee New and revised Income modifications Training Incentive Program Tax Credit, and its instructions . Distributions from an eligible retirement plan for the Lake Empire State film production credit Ontario and St. Lawrence Seaway flood relief program This credit has been extended through December 31, 2022. A new subtraction modification is allowed for individuals whose See Form IT-248, Claim for Empire State Film Production primary residences were damaged by the 2017 flooding of Credit, and its instructions . Lake Ontario and the St. Lawrence Seaway. Individuals may take a subtraction modification from their federal adjusted Empire State film post-production credit gross Income (FAGI) when using a distribution from an eligible This credit has been extended through December 31, 2022.

9 Retirement plan to pay for repairs to their primary residences. See Form IT-261, Claim for Empire State Film Post-Production For more information, see TSB-M-17(2)I, Income Tax Relief Credit, and its instructions . for Individuals Affected by the Flooding of Lake Ontario and the St. Lawrence Seaway, the instructions for Form IT-225, New York youth jobs program tax credit (name change) New York State Modifications, and our website. Due to a program name change, the credit, previously known as the urban youth jobs program tax credit, is now called the New York youth jobs program tax credit. The credit is still (continued). claimed on Form IT-635, New York Youth Jobs Program Tax Credit; the credit form's title was updated accordingly. This credit has been extended through December 31, 2022. For 4 2017 IT-201-I, General information Access our website at What's for 2017? (continued). New voluntary contribution Veterans' home assistance fund Taxpayers may donate any whole dollar amount to be used for the care and maintenance of certain veterans' homes in New York.

10 For more information, see page 28. E-file information E-file your Return Using software? You must e-file if your software allows you to e-file your Pay a balance due by authorizing the Tax Department to Return , or if you are a tax preparer who is subject to the e-file withdraw the payment from your bank account. Authorize the mandate. E-file is easy, safe, and allows you to get your refund payment when you e-file or after you file your Return (using the faster. Most New York taxpayers e-file. Make a Return Payment online service on our website). You may also pay with a credit card, or submit a check or money You may qualify to Free File. order with Form IT-201-V, Payment Voucher for Income Tax Returns. Visit our website at for more information. What is identity theft? Identity theft is the unauthorized use of personal information such as: social security number credit card number Identity thieves can file forged tax returns to collect fraudulent refunds. Victims may not be aware their identities have been stolen.