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NYS 2021 Personal Income Tax Rates

nsidicpa
Level 1

It appears that the updated New York State personal income tax rates that are effective for 2021 (legislation was passedin April 2021) are not incorporated in the 2020 Proseries Professional software. I called Proseries Support and was told the 2020 software will not be updated because the tax rate changes don't impact the 2020 tax year. I think the tax rate changes should be incorporated because they impact clients' 2021 estimated tax payments. Has anyone else raised this issue? 

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3 Comments 3
sjrcpa
Level 15

It ain't gonna happen in the 2020 software.

The more I know, the more I don't know.
Just-Lisa-Now-
Level 15
Level 15

Im not familiar with NY, but Im looking at their 2020 and 2021 tax bracket tables and Im not seeing much difference.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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abctax55
Level 15

Doesn't NY have the "100/110% of the prior year" safe harbor?

(I do ONE New York return....so I'm not an expert 🙂

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