need New York State IT-225 modification S-140

[Inbalance1]

Personal income tax forms corrections and changes for 2020 (Articles 22 and 30) (ny.gov) IT-225-I

1. On page 14, first column, above subtraction modification S-201, add the following:

S-140    COVID-19 family death benefit program

If you received a lump sum death benefit, pursuant to the COVID-19 family death benefit program established by the Metropolitan Transportation Authority in 2020, that was included in your recomputed federal AGI, then enter the amount of the lump sum death benefit (not to exceed $500,000).

Note: This subtraction modification only applies to lump sum death benefits paid under the COVID-19 family death benefit program and does not apply to any benefit payable under such program other than a lump sum death benefit.

2. Subtraction modifications chart starting on page 18 is corrected to include:

Subtraction modifications Modification number Description ReturnsIT-201 IT-203 IT-204 IT-205

S-140

COVID-19 family death benefit program

X

X

X