New York Filing Requirements
Residents must file if they file a federal return or if their adjusted gross income plus New York additions exceed:
- Single and can be claimed as a dependent, $3,100
- All others that cannot be claimed on another person’s return, $4,000
Part-year and nonresidents must file if they had New York sourced income and NY adjusted gross income exceeding:
- Single and dependent that can be claimed on another person’s return, $3,100
- Single and cannot be claimed on another person’s return, $8,000
- Married filing jointly, $16,050
- Married filing separately, $8,000
- Head of Household, $11,200
- Qualified Widow or Widower, $16,050
- Individual is subject to separate tax on lump-sum distributions derived from or connected to New York sources (part-year residents), or
- Incurred a New York NOL without incurring a similar federal NOL.
Filing status must follow federal filing except in the following cases:
- If one spouse is a resident of NYS and the other is not, they must file separately or file jointly as residents.
- If one spouse cannot be located and a reasonable effort has been made to locate the spouse then the taxpayer can file married filing separately.
- If one spouse will not sign the joint return and reasonable measure has been made to get the return signed and it is a case where the spouses are separated, have lived apart for the last 12 month or a restraining order is in place.
Returns are due April 15th
Corporate taxes are due March 15thExtension Information
Must file form IT-370 as an application of 6 months extension. NYS will not accept federal extension form in place of the application mentioned above.
Businesses can file form CT-5 to receive a 6-month extension.Business Taxes and Fees
The general business franchise tax is 6.5% of income.
Business capital is taxed at .100%
Business minimum tax may apply if receipts come from New York State Income. These fees range from $25 if making less than $100,000 in receipts and goes up to $200,000 for receipts over $1 Trillion.
There is no business personal property tax in New York State.
Real estate tax withholding when transfer/selling a property is .004%