Get It 196

This guide provides a comprehensive, step-by-step approach for filling out the IT-196 form for New York State itemized deductions. Whether you are a new user or an experienced filer, this guide aims to simplify the process and ensure you report your deductions accurately.

Follow the steps to complete the IT-196 form online.

1. Press the ‘Get Form’ button to obtain the IT-196 form and open it in your editor.
2. Review the general information section thoroughly. This section explains that the IT-196 form is used to compute your New York State itemized deduction and provides guidance on whether to itemize or take the standard deduction.
3. Begin filling out the form by entering your personal details in the designated fields such as your name, Social Security number, and the tax year.
4. Proceed to section one, which covers medical and dental expenses. If applicable, enter the amount you claimed as an itemized deduction for medical and dental expenses from your federal Schedule A.
5. In section two, report any taxes you paid, including state and local taxes. Depending on your situation, you may need to enter amounts from previous tax forms.
6. Next, navigate to the section related to interest you paid. Enter mortgage interest and points reported to you, ensuring that you correctly document these amounts.
7. Move on to the charitable contributions section. Ensure you follow the guidelines for deducting contributions, and remember to keep receipts for donations.
8. In the casualty and theft losses section, accurately compute and enter any deductible losses you experienced during the year. Utilize the casualty and theft worksheet for proper calculations.
9. Complete other expenses sections by adding deductions such as unreimbursed employee business expenses, job-related education, and any miscellaneous deductions.
10. Finalizing the form: After entering all relevant information, review for accuracy. Save changes, and then download, print, or share the completed IT-196 form as needed.

Fill out your IT-196 form online today and maximize your potential deductions!