a little New York tax help pls (Yonkers: income, income tax)

[turner23x]

I'm trying to pay about $200 in New York State Taxes for last year (estimated taxes). How do i split that up between New York state and NYC?

see the pic below, its from tax.ny.gov

Theres also a field for MCTMT which i dont know what to put

[Mr.Retired]

Response: Opinion

I have used this rule of thumb for years.


As an Example..............

Say you figure on dropping $6,000 a year in estimated taxes.
Divide 6,000 by 4= 1,500
That will be $1,500 payments every quarter ( 4 X per year ).

Every quarter ( 3 months ) send out a check as followed.
2/3 to the state and 1/3 to the City.
Pay N.Y. State $1,000
Pay City of New York $500

I leave the Yonkers and MCTMT with the amount of $ 0 each
since I am not a not an employer or a Yonkers resident.


MCTMT only for employers not employees.

If you live in Yonkers you are not a NYC
resident and are not required to pay NYC taxes.
You do have to pay taxes to the City of Yonkers .

Best wishes...
P.S.
I am not an accountant....I am an old retired blue collar worker..........2 days older than dirt.

[martinjsxx]

Does it really matter? The NY state and NYC taxes and payments are combined on the individual return. Am I missing something? As long as you pay the correct amount for NYS and NYC I don’t see how it matters the way you allocate them on the payment voucher.

[mathjak107]

I have never ever paid estimated to nyc , only nys and it all counts at the end of the day towards the two

[martinjsxx]

Also if you only owe $200 in estimated income taxes for the year you don’t even have to pay estimated tax. Just pay them when you file the return. I am assuming you may not have paid them in prior quarters or you would just do what you did when making the prior quarterly payments.

[Mr.Retired]

Originally Posted by martinjsxx

Does it really matter? The NY state and NYC taxes and payments are combined on the individual return. Am I missing something? As long as you pay the correct amount for NYS and NYC I don’t see how it matters the way you allocate them on the payment voucher.

Response: Opinion

Great Question. You are not missing anything.
I simply have a documented record on my end how I itemized my payments.
What and how the city does it on their end is not my business.
Trust No one...................

[Chava61]

Aren't the two combined together for tax purposes for NYC residents?

[Kefir King]

Originally Posted by Chava61

Aren't the two combined together for tax purposes for NYC residents?

Yes, they are.

[Kefir King]

Split it $180 State and $20 City and you will be fine.

[SeventhFloor]

Originally Posted by turner23x

I'm trying to pay about $200 in New York State Taxes for last year (estimated taxes). How do i split that up between New York state and NYC?

see the pic below, its from tax.ny.gov

Theres also a field for MCTMT which i dont know what to put

Why is there an asterisk next to NYC and Yonkers? Are you required to fill out everything that has an asterisk next to it, because I can't see how one would pay tax to both NYC and Yonkers.