New York Credit Application

State:
Multi-State
Control #:
US-134-AZ
Format:
Word; 
PDF; 
Rich Text
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Description

This form is a business type form that is formatted to allow you to complete the form using Adobe Acrobat or Word. The word files have been formatted to allow completion by entry into fields. Some of the forms under this category are rather simple while others are more complex. The formatting is worth the small cost.

How to fill out Credit Application?

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FAQ

The New York City School Tax Credit is available to New York City residents or part-year residents who can't be claimed as dependents on another taxpayer's federal income tax return. You can take a refundable credit of $125 if you're married, file a joint return, and have an income of $250,000 or less.

New York State household creditfull- or part-year resident. married or head of household with a federal adjusted gross income (FAGI) of $32,000 or less (allowed for married filing separate) single with an FAGI of $28,000 or less.

You are entitled to this nonrefundable credit if you: cannot be claimed as a dependent on another individual's federal income tax return, and.

To file as head of household, you must: Pay for more than half of the household expenses. Be considered unmarried for the tax year, and. You must have a qualifying child or dependent.

New York City school tax credit (fixed amount) You are entitled to this refundable credit if you: were a full-year or part-year New York City resident, cannot be claimed as a dependent on another taxpayer's federal income tax return, and. had income of $250,000 or less.

Maximum Credit Amounts The maximum amount of credit: No qualifying children: $510. 1 qualifying child: $3,400. 2 qualifying children: $5,616.

The real property tax credit may be available to New York State residents who have household gross income of $18,000 or less, and pay either real property taxes or rent for their residence(s). If all members of the household are under age 65, the credit can be as much as $75.

Household Tax Credit The credit is worth up to $75 for single filers who earn less than $28,000. For other filers, the credit is based on the number of dependents claimed on your New York tax return.

It is a tax credit of up to $2,500 of the cost of tuition, certain required fees and course materials needed for attendance and paid during the tax year. Also, 40 percent of the credit for which you qualify that is more than the tax you owe (up to $1,000) can be refunded to you.

New York State household creditmarried or head of household with a federal adjusted gross income (FAGI) of $32,000 or less (allowed for married filing separate) single with an FAGI of $28,000 or less.

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New York Credit Application