Am I a New York State Resident For Taxes?

Question: If I am physically present in New York for less than 183 days, am I still a statutory full-time New York State resident? Answer: No, not necessarily. You may very well be considered either a part-time or non-resident of New York. An issue would arise if you spend 184 or more days in New […]

How State Taxes Impact Federal Tax Returns

Let us review the concept of how state taxes impact federal tax returns. On New York State tax forms IT-201-I, or IT-150, or NYC-202(4), the taxpayer is subject to either individual or business income tax. However, on Schedule A or Schedule C of federal form 1040, the taxpayer may deduct state and local income taxes. […]