Get New York State Department Of Taxation And Finance Instructions For Form It-214 Claim For Real

Filling out the New York State Department of Taxation and Finance Instructions for Form IT-214 is an important step towards claiming your real property tax credit. This guide provides clear, step-by-step instructions to help you successfully complete the form online.

Follow the steps to fill out Form IT-214 effectively.

1. Click ‘Get Form’ button to obtain the form and open it in your preferred editor.
2. Begin by entering your name, address, and social security number in the designated fields at the top of the form. Ensure to include both social security numbers if you are married.
3. Indicate your county of residence as of December 31, 1997, and note your qualifying New York residence address if different from your mailing address, writing ‘same’ if applicable.
4. For Line 1, check ‘Yes’ if you were a resident of a nursing home or your residence was completely exempt from property taxes in 1997; otherwise, check ‘No’. This step is crucial to determine eligibility.
5. Count the total number of household members and enter this number in Line 2. This includes everyone who lived in your household in 1997.
6. For Line 3, check the box if a household member was 65 or older as of December 31, 1997, and provide their social security number if applicable.
7. Complete either Schedule A or B, depending on your status as a homeowner or renter. Enter amounts related to real property taxes or rent, and ensure to calculate adjusted rent if necessary.
8. Calculate your household gross income and enter it on Form IT-214. Ensure this amount does not exceed $18,000 to qualify for the credit.
9. If applicable, check the box for line 9 regarding exemption under section 467 of the Real Property Tax Law.
10. For Line 10, enter either the real property taxes paid or 25% of your adjusted rent, depending on your situation, ensuring accurate calculations.
11. Complete the remaining lines as instructed, ensuring to review the instructions for additional details about income limits and credit calculations.
12. Finally, save your completed form. You may choose to download, print, or share the form as necessary.

Complete your Form IT-214 claim online today to ensure you receive the tax benefits you're entitled to.