ny-3 ny training-2009 1 ny credits overview of ny credits ref: nys pub 99-ind individual credit...

NY-3 NY TRAINING-2009 1

NY CREDITS

OVERVIEW OF NY CREDITS REF: NYS PUB 99-IND INDIVIDUAL CREDIT INSTR


DETAILED INFORMATION ON NY CREDITS

CREDIT INSTRUCTIONS NY PUB 99-IND IT201 INSTR.

REFUNDABLE/NONREFUNDABLE FORM NUMBER LINE NUMBER ON IT 201 ATT CODE FOR IT 201 ATT

TAXWISE HELP F1 FROM 201 OR 201 ATT


CONDITIONS AND FORMS FOR CREDITS

IT 201 INSTRUCTIONS PAGE 6


ENTERING CREDITS ON IT 201 ATT



IT 201 ATT F1


NONREFUNDABLE CREDITS ON IT 201


HOUSEHOLD AND RESIDENT CREDITS

HOUSEHOLD CREDIT AUTOMATIC IN TAXWISE INCOME, STATUS, DEPENDENTS NONREFUNDABLE

RESIDENT CREDIT 112R INCOME TAX PAID TO ANOTHER STATE NONREFUNDABLE SEE SEPARATE RESIDENT CREDIT FILE


REFUNDABLE CREDITS ON IT 201


EMPIRE STATE CHILD CREDIT IT 213

AUTOMATIC IN TAXWISE FULL YEAR RESIDENT ONLY FEDERAL CHILD TAX CREDIT OR ADDITIONAL

CHILD TAX CREDIT OR INCOME BELOW FEDERAL CAP

CHILD AGE 4 TO 16 33% OF FEDERAL CREDIT


CHILD & DEPENDENT CARE CREDIT IT 216

AUTOMATIC IN TAXWISE RES, PY RES, NONRES FEDERAL RULES: USUALLY ELIMINATE

MARRIED FILING SEPARATE A PERCENTAGE OF FEDERAL CREDIT REFUNDABLE TO FULL AND PY RESIDENTS NONREFUNDABLE TO NONRESIDENTS ADDITIONAL CREDIT FOR NYC RESIDENTS


EARNED INCOME CREDIT IT 215

AUTOMATIC IN TAXWISE MUST CLAIM FEDERAL EIC NOT MARRIED FILING SEPARATE RES AND PY RES 30% OF FEDERAL CREDIT LESS HOUSEHOLD CREDIT ADDITIONAL CREDIT FOR NYC RESIDENTS


NON-CUSTODIAL PARENT EIC IT 209

NOT MARRIED FILING SEPARATE CHILD DID NOT RESIDE WITH TAXPAYER FULL YEAR RESIDENT ONLY AGE 18 OR OLDER CHILD UNDER 18 MUST PAY CHILD SUPPORT COURT ORDER AND COLLECTION UNIT ADDITIONAL CREDIT FOR NYC RESIDENTS


LINK TO FROM IT 201 TO IT 209


IT 209 REQUIRED INPUTS


IT 209 CREDIT CALCULATION 1


IT 209 CREDIT CALCULATION 2

N

N


NONREFUNDABLE CREDITS ON IT 201 ATT


ENTERING CREDITS ON IT 201 ATT



LONG TERM CARE INSURANCE IT 249

QUALIFIED POLICY

MAX ALLOWED CAPPED BASED ON AGE

CARRYOVER

RES, NONRES, PY RES


ENTER LONG TERM CARE INSURANCE ON SCHEDULE A


LINK FROM IT 201 TO IT 201 ATT


LINK FROM IT 201 ATT TO IT 249


IT 249 PAGE 1

ENTER PREMIUM VIA SCRATCH PAD


IT 249 PAGE 2


ENTER LONG TERM CARE CREDIT ON IT 201 ATT


LONG TERM CARE INSURANCE CREDIT ON IT 201


REFUNDABLE CREDITS ON IT 201 ATT


NURSING HOME ASSESSMENT CREDIT IT 258

ENTIRE ASSESSMENT IS REFUNDABLE

AVAILABLE ONLY TO DIRECT PAYER

MUST BE STATED SEPARATELY


COMPLETE NURSING HOME ASSESSMENT CREDIT IT 258


NURSING HOME ASSESSMENT CREDIT ON IT 201 ATT


NURSING HOME ASSESSMENT CREDIT ON IT 201

LINE 71 MAY INCLUDE OTHER REFUNDABLE CREDITS


FULL YEAR RESIDENT ONLY FULL YEAR SERVICE NO PROPERTY TAX EXEMPTION FOR

SERVICE TAXPAYER AND SPOUSE MAY BOTH

QUALIFY

VOLUNTEER FIREFIGHTER AND AMBULANCE WORKER CREDIT IT 245


VOLUNTEER FIREFIGHTER AND AMBULANCE WORKER CREDIT IT 245


CREDIT ON IT 201 ATT


MORE NY CREDITS

SEE SEPARATE FILES FOR

COLLEGE TUITION CREDIT IT 272

REAL PROPERTY TAX CREDIT IT 214

RESIDENT CREDIT IT 112R


CREDITS NOT AVAILABLE IN TAXWISE 2008

CLEAN HEATING FUEL IT 241

CONSERVATION EASEMENT IT 242

DEFIBRILLATOR IT 250


NY CREDITS

QUESTIONS?

ny-3 ny training-2009 1 ny credits overview of ny credits ref: nys pub 99-ind individual credit...

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