Full-Year Resident Income Tax Return

1 IT-201-IInstructionsDepartment of Taxation and FinanceInstructions for Form IT-201 Full-Year Resident Income Tax ReturnNew York State New York City Yonkers MCTMT(including instructions for Forms IT-201-ATT and IT-201-D)Before you prepare a paper Return , consider filing electronically for freeNearly 90% of New York taxpayers can now electronically prepare and file their returns for free. 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 to file and learn you do file a paper Return , you may need these additional forms, as well as credit claim Form: to.

2 IT-2 report wages and NYS, NYC, or Yonkers tax make a payment by check or money order with your claim the New York itemized report NYS, NYC, or Yonkers tax withheld from annuities, pensions, retirement pay, or IRA report other NYS or NYC taxes or to claim credits other than those reported on Form report NY addition and subtraction modifications not reported directly on Form : To claim a tax credit (with the exception of the household credit and NYC school tax credit) you must complete and attach the appropriate credit to topic Print Go to topic PrintWhat s new for 2015?

3 31099-G information .. 5 Who must file? .. 6 Filing information for same-sex married couples .. 6 Credits for individuals and businesses .. 7 Other forms you may have to file .. 12 Filing status and items B through H .. 13 Federal Income tax Return information lines 1 through 19 .. 15 Partners, beneficiaries, S corporation shareholders .. 16 New York additions lines 20 through 23 .. 16 New York subtractions lines 26 through 31 .. 17 Standard or itemized deduction and dependent exemptions lines 34 and 36 .. 20 New York State tax line 39 .. 21 New York State household credit line 40.

4 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 .. 22 New York City household credit line 48 .. 22 New York City nonrefundable credits line 53 .. 24 MCTMT lines 54a and 54b .. 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 Estimated tax payments line 75.

5 30 Refund options .. 31 Payment options .. 32 Account information line 83 .. 33 Finish your Return .. 35 Form IT-201-ATT, Other Tax Credits and Taxes .. 36 Form IT-201-D, Resident Itemized Deduction Schedule .. 37 Additional information .. 40 School districts and code numbers .. 43 New York State Tax Table .. 47 New York State tax rate schedule .. 55 Tax computation New York AGI of more than $106,200 .. 56 New York City Tax Table .. 59 New York City tax rate schedule .. 67 Index .. inside back coverWhen to file/Important dates .. back coverNeed help? .. back coverWhere to file.

6 Back cover2 2015 IT-201-I, Table of contents Access our Web site at of contentsAccess our Web site at 2015 IT-201-I, General information 3 General changes for 2015 Forms IT-2 and IT-1099-R now requiredStarting this year , there are two new forms that you must use to report information from any federal Form(s) W-2 and certain Form(s) 1099-R that you receive. Instead of attaching those federal forms to your New York Return , you must now copy the required information from them onto new Form IT-2, Summary of W-2 Statements, and new Form IT-1099-R, Summary of Federal Form 1099-R Statements.

7 See page 12. Metropolitan Commuter Transportation Mobility Tax (MCTMT) Beginning this year , individuals who are subject to the MCTMT are required to report and pay their MCTMT on their personal Income tax Return , Form IT-201 or Form IT-203. See page 24. New York itemized deduction The current 25% and 50% New York itemized deduction limitation for taxpayers with New York AGI over $1 million has been extended through tax year 2017. Cost of living adjustment The New York State standard deduction and tax rate schedules have been adjusted to reflect the cost of living adjustment required under the Tax Law.

8 NYC School Tax Reduction (STAR) program rate reduction A recent Tax Law change eliminated the School Tax Reduction (STAR) Program rate reduction benefit for New York City residents with taxable Income over $500,000. See page to existing credits Property tax freeze creditFor 2015, the credit will include increases in both school taxes and municipal taxes, including property taxes levied by counties, cities, towns, villages, and special districts. For more information about this credit (including eligibility), see our Web site. Family tax relief creditFor tax years 2015 and 2016, taxpayers will claim this credit when filing their tax Return .

9 Previously, the Department issued checks as an advanced payment. For more information about this credit (including eligibility), see the instructions for Form IT-114, Claim for Family Tax Relief Credit. Rehabilitation of historic properties creditBeginning with tax year 2015, if any amount of this credit exceeds the amount of tax owed by a taxpayer, the excess will be treated as an overpayment of tax to be credited or refunded without interest. The credit is only refundable for qualified rehabilitation projects placed in service on or after January 1, 2015. For more information about this credit (including eligibility), see the instructions for Form IT-238, Claim for Rehabilitation of Historic Properties Credit.

10 Empire State film production credit and Empire State film post-production creditFor tax years 2015 through 2019, taxpayers claiming this credit may be eligible for additional credit amounts based on 10% of wages paid to certain employees in certain counties in New York State. For more information about these credits (including eligibility), see the instructions for Form IT-248, Claim for Empire State Film Production Credit, and Form IT-261, Claim for Empire State Film Post-Production Credit. EZ and ZEA wage tax creditBeginning with tax year 2015, the EZ and ZEA wage tax credits are combined onto Form IT-601, Claim for EZ Wage Tax Credit Including the ZEA Wage Tax Credit.