New tax preparer registration requirement

See the tax preparer registration page to learn about this new requirement.

Personal income tax rate increase

Rates have increased and two new tax brackets have been added to each filing status for tax years beginning in 2009, 2010, and 2011. If your income is more than $500,000 your tax rate is now 8.97%. The second highest tax rate is 7.85% and the taxable income bracket varies by filing status. New tax computation worksheets reflect these changes.

New York itemized deduction

If your New York adjusted gross income is more than $1 million, your New York itemized deduction is now limited to 50% of the federal itemized deduction for charitable contributions (based on the new limitation, all other federal itemized deductions will be reduced to zero).

$50 fee for payments returned by banks

The Department is allowed to charge a $50 fee when a bank returns a check, money order, or electronic payment for nonpayment. We won’t charge the fee if the bank returns an electronic payment because of an error by them or the department. You’ll receive a separate bill for $50 for each return or other tax document associated with the returned payment.

New mailing address for income tax returns with payments enclosed

If enclosing a payment (check or money order), mail your return to:

STATE PROCESSING CENTER
PO BOX 15555
ALBANY NY 12212-5555

New York City school tax credit

This credit is reduced for tax years 2009 and after. Your credit is $125 if your income is $250,000 or less and your filing status is married filing joint or qualifying widow(er) with dependent child. Your credit is $62.50 if your income is 250,000 or less and your filing status is single, head of household, or married filing separate

Fuel cell electric generating equipment credit

This credit was repealed for tax years beginning on or after January 1, 2009. You can carryover any unused credit from a prior year when the credit was allowed for up to the following five years.

Empire State film production credit

If your credit amount is at least $1 million but less than $5 million, you must claim it over a two-year period. If it’s $5 million or more, you must claim it over a three-year period.

Empire Zones

See TSB-M-09-(4)I, Legislative Changes to the Empire Zones Program.