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IT-201-I (2025) Page 35 of 41 If your New York adjusted gross income (line 33) is more than $25,000,000, then you must calculate your tax using this worksheet. 1 Enter your taxable income from line 38 ........... 1 2 Multiply line 1 by 10.9% (0.109) ...................... 2
Enter here and on line 39. Tax computation worksheet 6 Married filing jointly and qualifying surviving spouse (continued) Tax computation – New York AGI of more than $107,650 (continued) If your New York adjusted gross income (line 33) is more than $5,000,000, but not more than $25,000,000, and your taxable income (line 38) is more than $5,000,000, then you must calculate your tax using this worksheet. 1 Enter your New York adjusted gross income from line 33 ..................................................... 1 2 Enter your taxable income from line 38 ........... 2 3 Enter your New York State tax on the line 2 amount from the New York State tax rate schedule .......................................................... 3 4 Recapture Base amount ................................. 4 64,237 5 Incremental Benefit amount .......................... 5 32,500 6 Enter the excess of line 1 over $5,000,000. .... 6 7 Enter the lesser of line 6 or $50,000 ............... 7 8 Divide line 7 by $50,000 and round the result to the fourth decimal place .................... 8 9 Multiply line 5 by line 8 .................................... 9 10 Add lines 3, 4, and 9 ....................................... 10
Enter here and on line 39. Tax computation worksheet 5