NYS Tax Department Issues 2019 Personal Income Tax Guidance Related to IRC Changes

 – June 10, 2020
NYS Tax Department Issues 2019 Personal Income Tax Guidance Related to IRC Changes

The New York State Tax Department has issued guidance to individuals, partnerships, estates and trusts filing 2019 New York State personal income tax returns.

Due to changes in the tax law as part of the 2020/21 New York State budget (Part WWW of Chapter 58 of the Laws of 2020), any amendments made to the IRC after March 1, 2020, will not apply to New York State or New York City personal income tax. Therefore, any retroactive changes made to the IRC after March 1, 2020, including changes due to the federal CARES Act, should not be taken into account when filing New York State personal income tax returns, or amended New York State personal income tax returns, for tax year 2019.

To view the entire document, visit N-20-7, Impact of Changes to the Internal Revenue Code (IRC) on the 2019 New York State Personal Income Tax Returns.