Printable It 201 Details

Are you familiar with Form It 201? If not, it's time to learn about this important tax form. Form It 201 is the New York State resident income tax return. This form is used to report all of the taxable income you earned during the year. Whether you're a new resident or just need a refresher on how to complete Form It 201, this guide will walk you through all of the steps.

You could find it beneficial to understand how much time you'll need to prepare this form it 201 and how long this form is.

QuestionAnswer
Form NameForm It 201
Form Length4 pages
Fillable?No
Fillable fields0
Avg. time to fill out1 min
Other namesit 201 form pdf, form it 201, it201, it 201 tax form

Form Preview Example

Department of Taxation and Finance

Resident Income Tax Return

New York State New York City Yonkers MCTMT

For the full year January 1, 2020, through December 31, 2020, or fiscal year beginning ...

IT-201

20

For help completing your return, see the instructions, Form IT-201-I.

and ending ...

Your first name

MI

Your last name (for a joint return, enter spouse’s name on line below)

 

Your date of birth (mmddyyyy)

Your Social Security number

 

 

 

 

 

 

 

 

 

 

 

 

Spouse’s first name

MI

Spouse’s last name

 

 

 

 

Spouse’s date of birth (mmddyyyy)

Spouse’s Social Security number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mailing address (see instructions, page 14) (number and street or PO box)

 

 

 

 

Apartment number

New York State county of residence

 

 

 

 

 

 

 

 

 

 

 

 

 

 

City, village, or post office

 

 

State

ZIP code

Country (if not United States)

School district name

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Taxpayer’s permanent home address (see instructions, page 14) (number and street or rural route)

 

Apartment number

School district

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

code number

 

City, village, or post office

 

 

State

ZIP code

Decedent

 

Taxpayer’s date of death (mmddyyyy)

 

Spouse’s date of death (mmddyyyy)

 

 

 

NY

 

 

 

 

 

 

 

 

 

 

 

 

information

 

 

 

 

 

 

 

A Filing

status

 

(mark an

X in one

 

box):

 

 

Single

Married filing joint return

(enter spouse’s Social Security number above)

Married filing separate return

(enter spouse’s Social Security number above)

Head of household (with qualifying person)

D1

Did you have a financial account located in a

Yes

 

foreign country? (see page 15)

D2

Were you required to report any nonqualified

 

 

deferred compensation, as required by IRC § 457A,

 

 

on your 2020 federal return? (see page 15)

Yes

E

(1)

Did you or your spouse maintain living

Yes

 

 

quarters in NYC during 2020? (see page 15) ..

 

(2)

Enter the number of days spent in NYC in 2020

 

 

(any part of a day spent in NYC is considered a day)

No

No

No

 

 

Qualifying widow(er)

 

B

Did you itemize your deductions on

Yes

 

your 2020 federal income tax return?

C

Can you be claimed as a dependent

Yes

 

on another taxpayer’s federal return?

No

No

F NYC residents and NYC part-year residents only (see page 15):

(1) Number of months you lived in NYC in 2020 ................

(2) Number of months your spouse lived in NYC in 2020 .....

GEnter your 2-character special condition code(s) if applicable (see page 15) ......................

H Dependent information (see page 16)

First name

MI

Last name

Relationship

Social Security number

Date of birth (mmddyyyy)

If more than 7 dependents, mark an X in the box.

201001200094

For office use only

Page 2 of 4 IT-201 (2020)

Your Social Security number

Federal income and adjustments (see page 16)

 

 

 

 

 

 

 

 

 

 

 

 

 

Whole dollars only

 

Wages, salaries, tips, etc

 

 

 

 

 

 

 

 

 

1

 

 

 

 

 

 

1

.00

2

..............................................................................................................Taxable interest income

 

 

 

 

 

 

2

.00

3

Ordinary dividends

 

 

 

 

 

 

3

.00

4

..........Taxable refunds, credits, or offsets of state and local income taxes (also enter on line 25)

 

 

 

4

.00

5

Alimony received

 

 

 

 

 

 

5

.00

6

.....................................Business income or loss (submit a copy of federal Schedule C, Form 1040)

 

 

 

6

.00

7

.............................Capital gain or loss (if required, submit a copy of federal Schedule D, Form 1040)

 

 

 

7

.00

8

............................................................Other gains or losses (submit a copy of federal Form 4797)

 

 

 

 

 

 

8

.00

9

..Taxable amount of IRA distributions. If received as a beneficiary, mark an X in the box

 

 

 

9

.00

10

Taxable amount of pensions and annuities. If received as a beneficiary, mark an X in the box

 

 

 

10

.00

11

Rental real estate, royalties, partnerships, S corporations, trusts, etc. (submit copy of federal Schedule E, Form 1040)

11

.00

 

Rental real estate included in line 11

 

 

 

 

 

 

 

 

 

 

12

 

12

 

 

.00

 

 

 

13

Farm income or loss (submit a copy of federal Schedule F, Form 1040)

 

 

 

13

.00

14

...................................................................................................Unemployment compensation

 

 

 

 

 

 

14

.00

15

..............................................Taxable amount of Social Security benefits (also enter on line 27)

 

 

 

15

.00

16

Other income (see page 16)

Identify:

 

 

 

 

 

 

 

16

.00

17

Add lines 1 through 11 and 13 through 16

 

17

.00

18

Total federal adjustments to income (see page 16)

Identify:

 

 

 

 

 

 

 

18

.00

19

Federal adjusted gross income (subtract line 18 from line 17)

 

......................................................

 

 

 

 

 

19

 

19a

.....................Recomputed federal adjusted gross income (see page 16, Line 19a worksheet)

 

 

 

19a

 

New York additions (see page 17)

 

 

 

 

 

 

 

 

 

 

Interest income on state and local bonds and obligations (but not those of NYS or its local governments)

 

 

20

20

.00

21

Public employee 414(h) retirement contributions from your wage and tax statements (see page 17)

21

.00

22

.........................................New York’s 529 college savings program distributions (see page 17)

 

 

 

22

.00

23

Other (Form IT-225, line 9)

 

 

 

 

 

 

23

.00

24

...........................................................................................................Add lines 19a through 23

 

 

 

 

 

 

24

.00

New York subtractions (see page 18)

 

 

 

 

 

 

 

 

 

 

Taxable refunds, credits, or offsets of state and local income taxes (from line 4)

 

 

 

 

 

 

 

25

 

25

 

 

.00

 

 

26

Pensions of NYS and local governments and the federal government (see page 18)

 

26

 

 

.00

 

 

27

...Taxable amount of Social Security benefits (from line 15)

 

27

 

 

.00

 

 

28

.....................Interest income on U.S. government bonds

 

28

 

 

.00

 

 

29

.......Pension and annuity income exclusion (see page 19)

 

29

 

 

.00

 

 

30

New York’s 529 college savings program deduction/earnings

 

30

 

 

.00

 

 

31

Other (Form IT-225, line 18)

31

 

 

.00

 

 

32

Add lines 25 through 31

 

 

 

 

 

 

 

32

.00

 

 

 

 

 

 

33

New York adjusted gross income (subtract line 32 from line 24)

 

 

 

33

.00

Standard deduction or itemized deduction (see page 21)

34

Enter your standard deduction (table on page 21) or your itemized deduction (from Form IT-196)

 

 

Mark an X in the appropriate box:

Standard

- or -

Itemized

34

35

Subtract line 34 from line 33 (if line 34 is more than line 33, leave blank)

.........................................

35

36

Dependent exemptions (enter the number of dependents listed in item H; see page 21)

36

37

Taxable income (subtract line 36 from line 35)

 

 

37

.00

.00

000.00

.00

201002200094

 

 

 

 

 

 

 

 

IT-201 (2020)

Page 3 of 4

Name(s) as shown on page 1

 

 

 

Your Social Security number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tax computation, credits, and other taxes

 

 

 

 

 

 

 

 

 

38

Taxable income (from line 37 on page 2)

 

 

 

 

 

38

 

.00

39

NYS tax on line 38 amount (see page 22)

 

 

 

 

 

39

 

.00

40

NYS household credit (page 22, table 1, 2, or 3)

40

 

 

.00

 

 

 

 

41

Resident credit (see page 23)

41

 

 

.00

 

 

 

 

42

Other NYS nonrefundable credits (Form IT-201-ATT, line 7) ...

42

 

 

.00

 

 

 

 

43

..............................................................................................................Add lines 40, 41, and 42

 

 

 

 

 

43

 

.00

44

..........................................Subtract line 43 from line 39 (if line 43 is more than line 39, leave blank)

44

 

.00

45

Net other NYS taxes (Form IT-201-ATT, line 30)

 

 

 

 

 

45

 

.00

46

Total New York State taxes (add lines 44 and 45)

 

 

 

 

 

46

 

.00

New York City and Yonkers taxes, credits, and surcharges, and MCTMT

 

 

 

 

NYC taxable income (see page 23)

 

 

 

 

 

 

 

47

47

 

.00

 

See instructions on

47a

NYC resident tax on line 47 amount (see page 23)

 

47a

 

.00

 

 

 

pages 23 through 26 to

48

NYC household credit (page 23)

 

48

 

.00

 

 

 

compute New York City and

49

Subtract line 48 from line 47a (if line 48 is more than

 

 

 

 

 

 

 

 

 

 

 

 

Yonkers taxes, credits, and

 

line 47a, leave blank)

........................................................

 

 

49

 

.00

 

surcharges, and MCTMT.

50

.......................Part-year NYC resident tax (Form IT-360.1)

50

 

.00

 

 

51

........................Other NYC taxes (Form IT-201-ATT, line 34)

51

 

.00

 

 

52

..................................................Add lines 49, 50, and 51

52

 

.00

 

 

53

........NYC nonrefundable credits (Form IT-201-ATT, line 10)

53

 

.00

 

 

54

Subtract line 53 from line 52 (if line 53 is more than

 

 

 

 

 

 

 

 

line 52, leave blank)

.........................................................

 

 

 

54

 

.00

 

 

54a

MCTMT net

 

 

 

 

 

 

 

 

 

 

earnings base ....

 

54a

 

.00

 

 

 

 

 

 

54b MCTMT

 

 

54b

 

.00

 

 

55

.....Yonkers resident income tax surcharge (see page 26)

55

 

.00

 

 

56

...............Yonkers nonresident earnings tax (Form Y-203)

56

 

.00

 

 

57

Part-year Yonkers resident income tax surcharge (Form IT-360.1)

57

 

.00

 

 

58

Total New York City and Yonkers taxes / surcharges and MCTMT (add lines 54 and 54b through 57) ..

58

.00

 

 

 

 

 

 

 

 

 

59

Sales or use tax (see page 27; do not leave line 59 blank)

 

 

 

 

59

.00

 

 

 

 

 

 

 

 

 

 

 

 

60

Voluntary contributions (Form IT-227, Part 2, line 1)

 

 

 

 

60

.00

61

Total New York State, New York City, Yonkers, and sales or use taxes, MCTMT, and

 

 

 

 

 

.00

 

voluntary contributions (add lines 46, 58, 59, and 60)

 

 

 

 

61

201003200094

Page 4 of 4 IT-201 (2020)

 

 

 

 

 

 

 

 

 

 

 

 

 

Your Social Security number

 

 

 

 

 

 

 

 

Enter amount from line 61

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

62

 

 

 

 

 

 

 

 

 

 

 

 

62

 

.00

 

 

 

 

 

 

 

 

 

 

 

 

Payments and refundable credits (see pages 28 through 31)

 

 

 

 

 

 

 

 

 

 

 

Empire State child credit

 

 

 

 

 

 

 

 

 

 

 

 

 

63

 

 

 

 

 

63

 

 

 

.00

 

 

 

 

64

......................NYS/NYC child and dependent care credit

 

 

64

 

 

 

.00

 

 

 

 

65

NYS earned income credit (EIC)

 

 

 

 

 

65

 

 

 

.00

 

 

 

 

66

NYS noncustodial parent EIC

 

 

 

 

 

66

 

 

 

.00

 

 

 

 

67

Real property tax credit

 

 

 

 

 

67

 

 

 

.00

 

 

 

 

68

.........................................................College tuition credit

 

 

 

 

 

68

 

 

 

.00

 

 

 

 

69

NYC school tax credit (fixed amount) (also complete F on page 1)

 

69

 

 

 

.00

 

 

 

 

69a

NYC school tax credit (rate reduction amount)

.................

 

 

69a

 

 

 

.00

 

 

 

 

70

NYC earned income credit

 

 

 

 

 

70

 

 

 

.00

 

 

 

 

70a

This line intentionally left blank

 

 

 

 

 

70a

 

 

 

 

 

 

 

 

71

.............Other refundable credits (Form IT-201-ATT, line 18)

71

 

 

 

.00

 

If applicable, complete Form(s) IT-2

 

 

 

 

 

 

 

 

72

Total New York State tax withheld

 

 

 

 

 

72

 

 

 

.00

 

and/or IT-1099-R and submit them

 

Total New York City tax withheld

 

 

 

 

 

 

 

 

 

 

 

with your return (see page 13).

 

73

 

 

 

 

 

73

 

 

 

.00

 

 

 

 

 

 

 

 

 

 

 

Do not send federal Form W-2

 

74

Total Yonkers tax withheld

 

 

 

 

 

74

 

 

 

.00

 

 

 

Total estimated tax payments and amount paid with Form IT-370

 

 

 

 

 

 

 

with your return.

 

75

 

75

 

 

 

.00

 

 

 

 

 

 

 

 

 

 

76

.....................................................................................Total payments (add lines 63 through 75)

 

 

 

 

 

 

 

 

 

 

 

76

 

.00

Your refund, amount you owe, and account information (see pages 32 through 34)

 

 

 

 

 

 

77

Amount overpaid (if line 76 is more than line 62, subtract line 62 from line 76; see page 32)

 

77

 

.00

78

..........................................Amount of line 77 available for refund (subtract line 79 from line 77)

 

 

78

 

.00

78a

Amount of line 78 that you want to deposit into a NYS 529 account (Form IT-195, line 4) (also submit Form IT-195)

 

78a

 

.00

78b

..................................Total refund after NYS 529 account deposit (subtract line 78a from line 78)

 

 

78b

 

.00

 

 

direct deposit to checking or

paper

 

 

Refund? Direct deposit is the

 

 

Mark one refund choice:

savings account

(fill in line 83) - or -

check

 

 

 

79

Amount of line 77 that you want applied to your 2021

 

 

 

 

 

 

 

easiest, fastest way to get your

 

 

 

 

 

 

 

 

refund.

 

 

estimated tax (see instructions)

 

 

 

 

 

79

 

 

 

.00

 

 

80

Amount you owe (if line 76 is less than line 62,

subtract line 76 from line 62). To pay by electronic

 

See page 33 for payment options.

 

funds withdrawal, mark an X in the box

 

 

and fill in lines 83 and 84. If you pay by check

 

 

 

 

 

 

 

 

 

 

or money order you must complete Form IT-201-V and mail it with your return.

..................

 

80

 

.00

81

Estimated tax penalty (include this amount in line 80 or

 

 

 

 

 

 

 

See page 36 for the proper

 

 

reduce the overpayment on line 77; see page 33)

................

 

 

81

 

 

 

.00

 

 

 

Other penalties and interest (see page 33)

 

 

 

 

 

 

 

 

 

assembly of your return.

 

82

 

 

 

82

 

 

 

.00

 

 

 

 

 

 

 

 

 

 

 

83Account information for direct deposit or electronic funds withdrawal (see page 34).

If the funds for your payment (or refund) would come from (or go to) an account outside the U.S., mark an X in this box (see pg. 34)

83a Account type:

83b Routing number

Personal checking - or -

Personal savings - or -

83c Account number

Business checking - or -

Business savings

84

Electronic funds withdrawal (see page 34) ................ Date

 

 

 

Amount

.00

 

 

 

 

 

 

 

 

 

 

 

 

 

Third-party

Print designee’s name

 

Designee’s phone number

 

Personal identification

designee? (see instr.)

 

 

(

)

 

 

number (PIN)

 

 

 

 

 

 

Yes

 

 

No

 

 

Email:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Paid preparer must complete

Preparer’s NYTPRIN

NYTPRIN

(see instructions)

 

 

 

excl. code

 

 

Preparer’s signature

 

Preparer’s printed name

 

 

 

 

 

 

 

 

 

Firm’s name (or yours, if self-employed)

 

 

Preparer’s PTIN or SSN

 

 

 

 

 

 

Address

 

 

Employer identification number

 

 

 

 

 

 

 

Date

Email:

Taxpayer(s) must sign here ▼ Your signature

Your occupation

Spouse’s signature and occupation (if joint return)

Date

(Daytime)phone number

Email:

 

201004200094

See instructions for where to mail your return.

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