Credits for New York State residents
New York State household credit
Who is eligible for the credit?
You are entitled to this nonrefundable credit if you cannot be claimed as a dependent on another individual's federal income tax return, and you meet one of the following conditions:
- full- 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
Nonrefundable credits reduce the base. There is an additional household credit for New York City residents.
How much is the credit?
For taxpayers who file as single and have an FAGI of $28,000 or less, the credit amount is up to $75. For taxpayers whose filing status is married filing jointly, qualifying widow(er), or head of household with a qualifying person and who have a federal adjusted gross income of $32,000 or less, the credit amount is based on the number of dependents listed on Form IT-201, item H (Form IT-203, item I) plus one for you (and one for your spouse, if married filing jointly). To calculate your credit, see the New York State household credit table 2 in the instructions for Form IT-201 or the instructions for Form IT-203.
What form do I use?
Claim this credit directly on Form IT-201, Resident Income Tax Return, or Form IT-203, Nonresident and Part-Year Resident Income Tax Return.
Real property tax credit
Who is eligible?
You are entitled to this refundable credit if all of the following apply:
- your household gross income is $18,000 or less
- you occupied the same New York residence for six months or more
- you were a New York State resident for the entire tax year
- you could not be claimed as a dependent on another taxpayer's federal income tax return
- your residence was not completely exempted from real property taxes
- the current market value of all real property you owned, such as houses, garages, and land, was $85,000 or less
- you meet all the conditions listed under either Homeowners or Renters below.
Homeowners:
- You or your spouse paid real property taxes.
- Any rent you received for nonresidential use of your residence was 20% or less of the total rent you received.
Renters:
- You or a member of your household paid rent for your residence.
- The average monthly rent you and other members of your household paid was $450 or less, not counting charges for heat, gas, electricity, furnishings, or board.
How much is the credit?
- If all members of your household are under 65, the credit can be as much as $75.
- If at least one member of your household is 65 or older, the credit can be as much as $375.
If your credit is more than the taxes you owe, you can claim a refund.
What form do I file?
If you file a New York State personal income tax return, complete Form IT-214, Claim for Real Property Tax Credit, and submit it with your return.
If you are not required to file a New York State income tax return, but you qualify for this credit, just complete and file Form IT-214 to claim a refund of the credit.
New York State resident credit
Who is eligible?
You are entitled to claim this nonrefundable credit if:
- you were a full-year or part-year resident of New York State, or a New York State resident estate or trust, or a part-year resident trust;
- you had income sourced to and taxed by another state, a local government within another state, the District of Columbia, or a Canadian province (this income generally includes wages and business income and typically excludes interest, dividends, gambling winnings, and lottery winnings); and
- you were a shareholder of an S corporation and you pay the tax calculated on the S corporation income.
How much is the credit?
This credit is allowable only for the portion of the tax that applies to income sourced to and taxed by the other taxing authority (state, a local government within another state, the District of Columbia, or a Canadian province) while you were a New York State resident.
What form do I use?
You can claim this credit using Form IT-112-R, New York State Resident Credit. For taxes paid to a Canadian province, see Form IT-112-C, New York State Resident Credit for Taxes Paid to a Province of Canada, and its instructions.
Dual residency
If you are a resident of New York State and another state or Canadian province for income tax purposes, you cannot claim a credit if the other jurisdiction allows a credit against its tax for the total resident tax paid to New York.
