Skip to main content
April 5, 2025
Question

My sole incomeI for the last two years New York is not taxable. Last year I had a 401K minimum distribution and interest on CDs. How do I file?

  • April 5, 2025
  • 1 reply
  • 0 views
What should my tax return include?

1 reply

April 5, 2025

Report all your income.  If you have exclusions from New York, that will be figured out on your state return automatically.  (The federal government taxes all your income, including part of social security depending on your other income.  New York does not tax social security benefits and gives you a $20,000 exclusion from other retirement income (or a full exclusion if it is a state employee pension).