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    • Created with Sketch. See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
    Created with Sketch. See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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    NYS Unemployment

    TaxBandit
    Level 3
    ‎04-07-2021 07:35 PM

    Please be aware that NYS IS taxing unemployment benefits.  ProSeries program is INCORRECT!  

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    4 Comments 4
    Camp1040
    Level 11
    ‎04-07-2021 10:05 PM

    It never was excluded from NYS tax in PS. You must be looking at some other state.

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    TaxBandit
    Level 3
    ‎04-07-2021 10:49 PM

    It is an adjustment on a current update - maybe 4 days ago.  It puts the full amount on line 14 of the IT-201 then subtracts the $ 10,200 on line 16.  Line 22e has been added to the other income worksheet.

    It did not work this way on Saturday, April 3.  The software was including it as income.  

    I have been watching this closely as I have 2 drawers of incomplete returns with unemployment compensation in NYS.

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    Camp1040
    Level 11
    ‎04-07-2021 11:29 PM

    Correct, NYS taxes unemployment benefits!

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    TaxBandit
    Level 3
    ‎04-08-2021 08:05 PM

    The software was updated today with the confirmed guidance from NYS.  Coding was issued today by NYS.

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