How to Calculate a Late Payment Penalty for New York State Income Tax
The state of New York requires residents to file personal income tax returns each year. If you failed to file, or filed but didn't pay the amount you owed at that time, you will likely owe a penalty and interest in addition to your actual tax due. To ensure that you pay the entire amount due, you can calculate the amount you owe before sending your payment to the Department of Taxation and Finance.
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Instructions
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Navigate to the New York State Department of Taxation and Finance website.
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Enter the security code shown on the screen and click continue.
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Select "Personal Income Tax" from the drop-down menu next to "Tax Type" and click "Continue."
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Indicate the date your income tax was due, including the year as well as the date you anticipate the tax will be received and the amount you owe. If you were given an extension, you must enter that date as well. Click "Continue." The total you owe, including interest and penalties, will be displayed on the following screen.
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Tips & Warnings
If you were granted an extension, enter the extension date, as it will reduce the amount of any penalty you owe on your return.
