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Page 10 of 41 IT-201-I (2025) premium payments you made using your own funds and are not attributable to personal services you performed. • Employer nonelective and matching contributions that you designated to a Roth account under the SECURE 2.0 Act of 2022. Married taxpayers If you both qualify, you and your spouse can each subtract up to $20,000 of your own pension and annuity income. However, neither of you can claim any unused part of your spouse’s exclusion. Example: Taxpayer A and Taxpayer B, both age 62, included total pension and annuity income of $45,000 in their federal adjusted gross income on their joint federal tax return. Taxpayer A received qualifying pension and annuity payments totaling $30,000 and Taxpayer B received qualifying payments totaling $15,000. They are filing a joint New York State resident personal income tax return. Taxpayer A may claim the maximum pension and annuity income exclusion of $20,000, and Taxpayer B may claim an exclusion of $15,000, for a total pension and annuity income exclusion of $35,000. Beneficiaries If you received a decedent’s pension and annuity income, you may make this subtraction if the decedent would have been entitled to it, had the decedent continued to live, regardless of your age. If the decedent would have become 59½ during 2025, enter only the amount received after the decedent would have become 59½, but not more than $20,000. If any portion of this exclusion was subtracted on the decedent’s personal income tax return, you must first reduce the amount you are eligible to claim by the same amount subtracted on the decedent’s return. The total pension and annuity income exclusion claimed by the decedent and the decedent’s beneficiaries cannot exceed $20,000. If the decedent has more than one beneficiary, the decedent’s $20,000 pension and annuity income exclusion must be allocated among the beneficiaries. Each beneficiary’s share of the $20,000 exclusion is determined by multiplying $20,000 by a fraction whose numerator is the value of the pensions and annuities inherited by the beneficiary, and whose denominator is the total value inherited by all beneficiaries of the decedent’s pensions and annuities. Example: A taxpayer received pension and annuity income totaling $6,000 as a beneficiary of a decedent who was 59½ before January 1, 2025. The decedent’s total pension and annuity income was $24,000, shared equally among four beneficiaries. Each beneficiary is entitled to one-quarter of the decedent’s pension exclusion, or $5,000 ($20,000 multiplied by 0.25). The taxpayer also received a qualifying pension and annuity payment of $14,000 in 2025. The taxpayer is entitled to claim a pension and annuity income exclusion of $19,000 ($14,000 attributable to the taxpayer’s own pension and annuity payment, plus $5,000 received as a beneficiary*). *The total amount of the taxpayer’s pension and annuity income exclusion that can be applied against the taxpayer’s pension and annuity income received as a beneficiary is limited to the taxpayer’s share of the decedent’s pension and annuity income exclusion. Disability income exclusion If you are also claiming the disability income exclusion (Form IT-225, S-124), the total of your pension and annuity income exclusion and disability income exclusion cannot exceed $20,000. Line 30: New York’s 529 college savings program deduction/earnings distributions Account owner During 2025, did you, as an account owner, make contributions to or a withdrawal from one or more tuition savings accounts established under New York’s 529 college savings program? • If No, go to line 31. • If Yes, and you: – as an account owner, made contributions, enter the amount up to $5,000 ($10,000 for married taxpayers filing a joint return) on line 1 of the Line 30 worksheet. – as an account owner, made a withdrawal and part of the withdrawal was included in your federal adjusted gross income, then enter that amount on line 2 of the Line 30 worksheet. Beneficiary During 2025, did you, as a beneficiary, receive a withdrawal from one or more tuition savings accounts established under New York’s 529 college savings program? • If No, go to line 31. • If Yes, and you included part of the withdrawal in your federal adjusted gross income (and did not include it as an account owner on line 2 of the worksheet above), then enter that amount on line 30. Line 31: Other subtractions Use this line to report other subtractions that are not specifically listed on Form IT-201. Enter on line 31 the amount from Form IT-225, line 18. Submit Form IT-225 with your return. Line 33: New York adjusted gross income Do not leave line 33 blank. Step 5: Enter your New York standard or New York itemized deduction and dependent exemption amounts Line 34: Standard or itemized deduction You may take either the New York standard deduction or the New York itemized deduction. To determine which deduction to use, follow these steps: 1. To find the standard deduction amount for your filing status, use the New York State standard deduction table below. 1 Amount of contributions you made in 2025 to an account established under New York’s 529 college savings program (cannot exceed $5,000 for an individual, head of household, married taxpayers filing separately, or qualifying surviving spouse, or $10,000 for married taxpayers filing a joint return) ........................................ 1 2 Amount of Qualified Tuition Program distribution included in your federal adjusted gross income ................................... 2 3 Add lines 1 and 2. Enter here and on Form IT-201, line 30 ........................................ 3 Note: Keep this worksheet for future-year calculations of the line 22 worksheet. Line 30 worksheet