New York 2010: Certain customers and New York's Education Deduction and Credit...
Certain customers, who entered education expenses on their federal tax return and didn’t qualify for the federal education deduction and/or credits, may have an incorrect New York state tax return that doesn’t include the New York education deduction/credit for which they are qualified.
This issue has been fixed.
How to tell if you are impacted:
You may be affected if ALL of the following are true:
- You filed a 2010 New York tax return prior March 5, 2011 AND
- You entered education expenses for undergraduate tuition expenses on your federal tax return AND
- You did not qualify for the federal education deduction and/or credits AND
- On your federal return, your adjusted gross income (Form 1040, line 37 or Form 1040A, line 22) is greater than $90,000 (greater than $180, 000 if married filing jointly.)
Note: If you filed a part-year or nonresident New York tax return, this issue will impact you only if you meet all of the above criteria, and you itemized deductions on the federal return (Schedule A) and your New York income is under $1,000,000.
If you are affected, you may have overpaid your New York tax. You will need to amend your New York tax return.
If you need to contact us, please use the phone number in the email from TurboTax and tell the representative you’re calling about the New York – Education deduction and credits.