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New York College Choice Tuition Savings Deduction
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New York's 529 college savings program transfers If you transferred funds from New York's 529 college savings program to another state's program (whether for the same beneficiary or for the benefit of another family member), then include the amount from line 7 of the worksheet below. Include the a...
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New York College Tuition Credit |
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What is the college tuition credit or itemized deduction? The college tuition credit is a tax credit allowed for the qualified college tuition expenses paid for an eligible student. The credit is available to full-year New York State residents only. If the credit exceeds your tax for the tax year, ...
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New York Contributions
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You may elect to make a voluntary gift or contribution to any of the five funds listed here. Enter your gift/contribution in the amount boxes to the right of the fund you wish to contribute to. Your contributions/gifts will reduce your refund or increase your tax payment. You cannot change the amou...
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New York Interest Income on US Gov Bonds |
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Interest income on U.S. government bondsInclude the amount of interest income from U.S. government bonds or other U.S. government obligations that you reported on line 2. (This may be all or part of the line 2 amount, or it may be zero.) Dividends you received from a regulated investment company (...
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New York Use Tax
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You owe sales or compensating use tax if you: purchased an item or service subject to tax that is delivered to you in New York State without payment of New York State and local tax to the seller; or• purchased an item or service outside New York State that is subject to tax in New York Stat...
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New York Payment Options |
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By automatic bank withdrawal You can use OLTPRO to authorize the Tax Department to make an electronic funds withdrawal for the taxpayer. File now/Pay later! You must specify a future payment date up to and including April 15, 2014. If you file before April 15, money will not be withdrawn from you...
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New York Farmers School Tax Credit
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Purpose of form Form IT-217 is used to determine if you are eligible to claim the farmers’ school tax credit and to determine the amount of the credit. If you are engaged in the business of farming (see Definitions below), complete Part 1 of Form IT-217 to determine if you are eligible to c...
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Credit for City of New York Unincorporated Business Tax |
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General information For tax years beginning on or after January 1, 1997, a New York City resident individual, estate or trust, or a New York City part-year resident individual or trust may be eligible for a credit on their personal income tax return for New York City unincorporated business tax (U...
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New York Claim for Long-Term Care Insurance Credit
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General information Taxpayers who pay premiums for qualified long-term care insurance may claim a credit against their personal income tax. The credit is equal to 20% of the premiums paid during the tax year for the purchase of or for continuing coverage under a qualifying long-term care insurance...
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New York Investment Credits |
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General information Form IT‑212 is used to claim an investment credit (including the employment incentive credit computed on Form IT-212-ATT, Claim for Historic Barn Rehabilitation Credit and Employment Incentive Credit) for qualified property used in manufacturing and production, retail enterpris...
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New York Other Subtractions
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Please viisit the NY IT 225 instructions for more information on income adjustments. These are the NY subtractions: A-115 Special accruals A-117 Incomplete gift non-grantor trust A-201 Personal income taxes and unincorporated business taxes Line 64 deducted in determining federal AGI A-202 Perc...
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New York Farmers School Tax Credit |
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Introduction An individual or an estate or trust engaged in the business of farming may be entitled to an income tax credit for the amount of property. In addition, if a partnership (including a limited liability company treated as a partnership), a New York S corporation, a New York C corporation...
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Credit for City of New York Unincorporated Business Tax
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For tax years beginning on or after January 1, 1997, a New York City resident individual, estate or trust, or a New York City part-year resident individual or trust may be eligible for a credit on their personal income tax return for New York City unincorporated business tax (UBT) imposed. The cred...
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New York Claim for Long-Term Care Insurance Credit |
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Taxpayers who pay premiums for qualified long-term care insurance may claim a credit against their personal income tax. The credit is equal to 20% of the premiums paid during the tax year for the purchase of or for continuing coverage under a qualifying long-term care insurance policy. A qualifyin...
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New York Investment Credits
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Form IT-212 is used to claim an investment credit (including the employment incentive credit computed on Form IT-212-ATT, Claim for Historic Barn Rehabilitation Credit and Employment Incentive Credit) for qualified property used in manufacturing and production, retail enterprise, waste treatment, ...
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