Get Form It-607 Claim For Excelsior Jobs Program Tax Credit Tax Year 2024

This guide provides clear instructions for completing the Form IT-607 Claim For Excelsior Jobs Program Tax Credit for the tax year 2024. Following these steps will help you accurately fill out the form online, ensuring you maximize any potential tax credits available to you.

Follow the steps to successfully complete the form online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Indicate your filing status by marking the appropriate box for calendar-year filers or entering the tax period for others. If applicable, ensure to submit this form with Form IT-201, IT-203, IT-204, or IT-205.
3. Fill in the name(s) as shown on your return and the identifying number. Enter the certificate number and project number as provided in the instructions.
4. Specify the year of eligibility by entering a number from 1 to 10, and if applicable for green CHIPS projects, indicate the phase from your certificate.
5. Complete Schedule A to report credit components. Start with Part 1 for the Excelsior jobs tax credit component and enter the necessary amounts based on your filing status.
6. Continue with Part 2 for the Excelsior investment tax credit component, ensuring to add the components and calculate the total accurately.
7. Proceed to Part 3 for the Excelsior research and development tax credit component, entering the required values and calculating their total.
8. Complete Part 4 for the Excelsior real property tax credit component following the previous steps.
9. Fill out Part 5 for the Excelsior child care services tax credit component and calculate the total.
10. Add the totals from each part to complete the Excelsior jobs program tax credit and ensure that the figures are accurately reflected in the appropriate sections.
11. If applicable, complete Schedule B and Schedule C for partnership or S corporation information.
12. Finally, review the form for accuracy, ensuring that all sections have been completed. You can then save changes, download, print, or share the form as necessary.

Take the next step towards completing your documents online to ensure timely and accurate submissions.