Get 2012 It 272 Form

Filling out the 2012 IT-272 Form online can be a straightforward process if you follow the right steps. This guide will provide you with clear and concise instructions to ensure you correctly complete the form and maximize your potential tax benefits.

Follow the steps to successfully complete the IT-272 Form online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Review general information about the college tuition credit and itemized deduction. Ensure you understand your eligibility — only full-year New York State residents who are not dependents on someone else's tax return can complete this form.
3. Part 1: Enter the total qualified college tuition expenses you paid for each eligible student for the tax year. If claiming expenses for more than three students, attach a statement with the required details.
4. For each eligible student, provide their information as needed. Ensure to mark if the student is you or your spouse, as this affects the calculation.
5. List the employer identification number (EIN) and the name of each college or university attended. This information is typically found on Form 1098-T, Tuition Statement.
6. Confirm that the listed expenses qualify by ensuring they are for undergraduate tuition only and that any scholarships or financial aid received are accounted for.
7. In Part 4, if you itemized deductions on your federal return, use the provided worksheets to determine if the itemized deduction or the credit yields a greater tax benefit.
8. Once all required fields are filled out, review the completed form for accuracy and completeness.
9. Save your changes, and you may then choose to download, print, or share the completed form as required.

Complete your 2012 IT-272 Form online today to maximize your college tuition benefits!