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NYS Changes to Limitation on Charity Deduction

David Ch
Level 2

The TCJA Act changed the limitation on Charity deduction on Sch A from 50% to 60% Initially NYS had decoupled from that change and remained at 50%. This was correctly reflected in Lacerte's calculation on NYS forms. However on Sep 3, 2019 NYS issued a memorandum (see attached) changing the limitation to 60% to match the federal amount. They however did the change retroactive to 2018. Lacerte however did NOT change the 2018 software to confirm with this change. If you could please update the software - and if this could be done ASAP as next week when the MEF closes ,2018 returns will Permanently be off the MEF program

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sjrcpa
Level 15

In November 2021 I am confident that Intuit will not be updating the 2018 NY individual return software.


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sjrcpa
Level 15

In November 2021 I am confident that Intuit will not be updating the 2018 NY individual return software.


Ex-AllStar
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