Thiele: New Developments for the 2012 Personal Income Tax Season

February 8, 2012
Assemblyman Fred W. Thiele, Jr. (I, D, WF-Sag Harbor) today announced new developments in relation to the Department of Taxation and Financeís 2012 personal income tax filing season. These new changes will help deliver more efficient services at a lower cost to taxpayers.

Tax Forms and E-file Requirements for Individual Taxpayers:
Over 75% of New York Taxpayers file electronically or use software to prepare and mail their forms. Consequently the Department of Taxation and Finance will no longer mail paper tax forms automatically. Forms are available at www.tax.ny.us, at local libraries, by calling (518) 457-5431, or at the office of Assemblyman Fred Thiele, located at 2302 Main Street, Suite A, in Bridgehampton.

A New Way to Receive State Tax Refunds:
In addition to either direct deposit or paper check, taxpayers may now request to receive their tax refunds on a debit card. Prepaid debit cards provide an efficient, cost effective way to disburse refunds. While direct deposit remains the fastest and easiest way for taxpayers to get their tax refunds, the prepaid card is particularly useful for taxpayers without bank accounts. The state-administered prepaid card enables these taxpayers to avoid expensive check-cashing fees. For additional information regarding the new debit card program, please visit www.tax.ny.gov/pit/file/debit_cards.htm

Same-sex Married Couples- Tax Return Filing Obligations:
The Marriage Equality Act, which took effect on July 24, 2011, provides that all marriages- both same-sex- and different-sex couples, be treated equally under the laws of New York. For tax years 2011 and after, same-sex married couples who are married as of the last day of the tax year must file New York personal income tax returns using a married filing status, even though their martial status is not recognized for federal income tax purposes. Additional information is available at www.tax.ny.gov/pit/marriage_equality_act.htm

Taxpayers with Incomes Below $57,000 May be Eligible for Free-File:
For 2012, taxpayers with incomes below $57,000 may be eligible to prepare and file both their Federal and State income taxes for free. Taxpayers eligible for Free File should access the Departmentís website for more information www.tax.ny.us.

Elimination of the IT-150 Short Form:
Full-year residents will no longer need to determine whether they must complete the IT-150 Resident Income Tax Return (short form) or IT-201 Resident Income Tax Return (long from). All full year resident taxpayers will no use the IT-201.