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1 NY 3 NEW YORK TRAINING 2010 NY CREDITS NYS PUB 99-IND INDIVIDUAL CREDIT INSTR

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NY CREDITS. NYS PUB 99-IND INDIVIDUAL CREDIT INSTR. DETAILED INFORMATION ON NY CREDITS. CREDIT INSTRUCTIONS NY PUB 99-IND IT-201 INSTR. REFUNDABLE/NONREFUNDABLE FORM NUMBER LINE NUMBER ON IT-201 ATT CODE FOR IT-201 ATT TAXWISE HELP F1 FROM 201 OR 201 ATT. - PowerPoint PPT Presentation

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Page 1: NY CREDITS

1 NY 3 NEW YORK TRAINING 2010

NY CREDITS

NYS PUB 99-IND INDIVIDUAL CREDIT INSTR

Page 2: NY CREDITS

2 NY 3 NEW YORK TRAINING 2010

DETAILED INFORMATION ON NY CREDITS

CREDIT INSTRUCTIONS NY PUB 99-IND IT-201 INSTR.

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

TAXWISE HELP F1 FROM 201 OR 201 ATT

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3 NY 3 NEW YORK TRAINING 2010

CONDITIONS AND FORMS FOR CREDITS

IT-201 INSTRUCTIONS PAGE 6

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LINKING TO NONREFUNDABLE CREDITS

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5 NY 3 NEW YORK TRAINING 2010

LINK TO REFUNDABLE CREDITS

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ENTERING CREDITS ON IT-201 ATT

IT-201 INSTRUCTIONS PAGE 98

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IT-201 ATT IN TAXWISE F1

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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

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EMPIRE STATE CHILD CREDITIT-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 REFUNDABLE

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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

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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 REFUNDABLE

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NON-CUSTODIAL PARENT EICIT-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 REFUNDABLE

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LINK TO FROM IT-201 TO IT-209

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IT-209 REQUIRED INPUTS

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IT-209 CREDIT CALCULATION 1

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IT-209 CREDIT CALCULATION 2

N

N

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NONREFUNDABLE CREDITS ON IT-201 ATT

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ENTERING CREDITS ON IT-201 ATT

IT 201 INSTRUCTIONS PAGE 98

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LONG TERM CARE INSURANCEIT-249

QUALIFIED POLICY

MAX ALLOWED CAPPED BASED ON AGE

CARRYOVER

RES, NONRES, PY RES

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ENTER LONG TERM CARE INSURANCE ON SCHEDULE A

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LINK FROM IT-201 TO IT-201 ATT

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LINK FROM IT-201 ATT TO IT-249

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IT-249 PAGE 1

ENTER PREMIUM VIA SCRATCH PAD

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IT-249 PAGE 2

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ENTER LONG TERM CARE CREDIT ON IT-201 ATT

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LONG TERM CARE INSURANCE CREDIT ON IT-201

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REFUNDABLE CREDITS ON IT-201 ATT

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NURSING HOME ASSESSMENT CREDIT IT-258

ENTIRE ASSESSMENT IS REFUNDABLE

AVAILABLE ONLY TO DIRECT PAYER

MUST BE STATED SEPARATELY

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LINK FROM IT-201 ATT TO IT-258

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COMPLETE NURSING HOME ASSESSMENT CREDIT IT-258

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NURSING HOME ASSESSMENT CREDIT ON IT-201 ATT

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NURSING HOME ASSESSMENT CREDIT ON IT-201

LINE 71 MAY INCLUDE OTHER REFUNDABLE CREDITS

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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

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LINK FROM IT-201 ATT TO IT-245

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VOLUNTEER FIREFIGHTER AND AMBULANCE WORKER CREDIT IT-245

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CREDIT ON IT-201 ATT

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MORE NY CREDITS

SEE SEPARATE FILES FOR

COLLEGE TUITION CREDIT IT-272

REAL PROPERTY TAX CREDIT IT-214

RESIDENT CREDIT IT-112R

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CREDITS NOT AVAILABLE IN TAXWISE 2008

CLEAN HEATING FUEL IT-241

CONSERVATION EASEMENT IT-242

DEFIBRILLATOR IT-250

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40 NY 3 NEW YORK TRAINING 2010

NY CREDITS

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