Income tax deductions are expenses that may be deducted from pre-tax gross income. Of course, deductions reduce New York income tax and maximize a refund. One of the experienced tax professionals at the Thorgood Law Firm can assist any New Yorker in determining the deductions for which they qualify under New York law.
New York has a standard state income tax deduction. For 2015, they are as follows:
Filing Status | Amount of Standard Deduction |
Single (and can be claimed as a dependent on another taxpayer’s federal return) | $3,100 |