IT-201: Resident Income Tax Return for Full-Year State Residents Only. (2024)
New York · NY DTF · Used for tax years 2024
Form IT-201 is New York’s resident income tax return for full-year state residents for 2024. It reports income, New York additions and subtractions, deductions, credits, and taxes, including applicable New York City and Yonkers taxes and MCTMT.
Who files this form
Form IT-201 is New York’s resident income tax return for full-year state residents. The 2024 form covers January 1, 2024, through December 31, 2024, or the fiscal-year period entered on the form.
The supplied form does not state income thresholds or other rules that determine whether you must file.
What you'll need
Have the information requested on the form ready:
- Names, Social Security numbers, dates of birth, addresses, county of residence, and school district information. Include spouse and dependent information where applicable.
- Federal income and adjustment amounts, tax withholding, estimated tax payments, and amounts paid with Form IT-370.
- NYC and Yonkers residence information, including months of residence and days spent in NYC, as requested.
- Bank account type, routing number, and account number if choosing direct deposit or electronic funds withdrawal.
Depending on what you report, the form calls for these supporting forms:
- Federal Schedule C for business income or loss; Schedule D if required for capital gains or losses; Form 4797 for other gains or losses; Schedule E for the income reported on line 11; and Schedule F for farm income or loss.
- Forms IT-2 and/or IT-1099-R, if applicable. Do not send federal Form W-2 with your return.
- Other forms referenced for your entries, such as IT-196 for itemized deductions, IT-225 for other additions or subtractions, and IT-201-ATT for certain credits and taxes.
- Form IT-195 if depositing part of your refund into a NYS 529 account.
- Form IT-201-V if paying by check or money order.
How to file
- Complete the applicable entries and sign the return. For a joint return, your spouse must also sign.
- Submit the supporting forms and federal schedules called for by your entries.
- If paying by check or money order, complete Form IT-201-V and mail it with your return.
- To pay by electronic funds withdrawal, mark the box on line 80 and complete lines 83 and 84.
The form directs you to Form IT-201-I for help completing the return and to the instructions for proper assembly, mailing information, and payment options. No mailing address or e-file directions appear in the supplied text, and the instructions were not provided.
Common mistakes
- Leaving line 59, sales or use tax, blank. The form explicitly says not to leave it blank.
- Sending federal Form W-2 with the return. Instead, complete and submit Forms IT-2 and/or IT-1099-R if applicable.
- Entering cents where the form requires whole dollars.
- Claiming the NYC school tax credit on line 69 without also completing item F on page 1.
- Paying by check or money order without completing and mailing Form IT-201-V with the return.
- Forgetting signatures. Both taxpayers must sign a joint return.
Questions people ask
Can I receive my refund by direct deposit?
Yes. The form offers direct deposit into a checking or savings account, or a paper check. For direct deposit, complete line 83.
Can I put part of my refund into a NYS 529 account?
Yes. Enter the amount from Form IT-195, line 4, on line 78a and submit Form IT-195.
Can I apply an overpayment to next year’s estimated tax?
Yes. Line 79 lets you enter the amount of your overpayment that you want applied to your 2025 estimated tax.
How are days spent in NYC counted?
For item E(2), any part of a day spent in NYC counts as a day.
Which amount should I use to check my refund status online?
The form’s tip says to use the amount on line 78.