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NY-3 NY TRAINING-2009 1
NY CREDITS
OVERVIEW OF NY CREDITS REF: NYS PUB 99-IND INDIVIDUAL CREDIT INSTR
NY-3 NY TRAINING-2009 2
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
NY-3 NY TRAINING-2009 3
CONDITIONS AND FORMS FOR CREDITS
IT 201 INSTRUCTIONS PAGE 6
NY-3 NY TRAINING-2009 4
ENTERING CREDITS ON IT 201 ATT
IT 201 INSTRUCTIONS PAGE 98
NY-3 NY TRAINING-2009 5
IT 201 ATT F1
NY-3 NY TRAINING-2009 6
NONREFUNDABLE CREDITS ON IT 201
NY-3 NY TRAINING-2009 7
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
NY-3 NY TRAINING-2009 8
REFUNDABLE CREDITS ON IT 201
NY-3 NY TRAINING-2009 9
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
NY-3 NY TRAINING-2009 10
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
NY-3 NY TRAINING-2009 11
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
NY-3 NY TRAINING-2009 12
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
NY-3 NY TRAINING-2009 13
LINK TO FROM IT 201 TO IT 209
NY-3 NY TRAINING-2009 14
IT 209 REQUIRED INPUTS
NY-3 NY TRAINING-2009 15
IT 209 CREDIT CALCULATION 1
NY-3 NY TRAINING-2009 16
IT 209 CREDIT CALCULATION 2
N
N
NY-3 NY TRAINING-2009 18
NONREFUNDABLE CREDITS ON IT 201 ATT
NY-3 NY TRAINING-2009 19
ENTERING CREDITS ON IT 201 ATT
IT 201 INSTRUCTIONS PAGE 98
NY-3 NY TRAINING-2009 20
LONG TERM CARE INSURANCE IT 249
QUALIFIED POLICY
MAX ALLOWED CAPPED BASED ON AGE
CARRYOVER
RES, NONRES, PY RES
NY-3 NY TRAINING-2009 21
ENTER LONG TERM CARE INSURANCE ON SCHEDULE A
NY-3 NY TRAINING-2009 22
LINK FROM IT 201 TO IT 201 ATT
NY-3 NY TRAINING-2009 23
LINK FROM IT 201 ATT TO IT 249
NY-3 NY TRAINING-2009 24
IT 249 PAGE 1
ENTER PREMIUM VIA SCRATCH PAD
NY-3 NY TRAINING-2009 25
IT 249 PAGE 2
NY-3 NY TRAINING-2009 26
ENTER LONG TERM CARE CREDIT ON IT 201 ATT
NY-3 NY TRAINING-2009 27
LONG TERM CARE INSURANCE CREDIT ON IT 201
NY-3 NY TRAINING-2009 28
REFUNDABLE CREDITS ON IT 201 ATT
NY-3 NY TRAINING-2009 29
NURSING HOME ASSESSMENT CREDIT IT 258
ENTIRE ASSESSMENT IS REFUNDABLE
AVAILABLE ONLY TO DIRECT PAYER
MUST BE STATED SEPARATELY
NY-3 NY TRAINING-2009 30
LINK FROM IT 201 ATT TO IT 258
NY-3 NY TRAINING-2009 31
COMPLETE NURSING HOME ASSESSMENT CREDIT IT 258
NY-3 NY TRAINING-2009 32
NURSING HOME ASSESSMENT CREDIT ON IT 201 ATT
NY-3 NY TRAINING-2009 33
NURSING HOME ASSESSMENT CREDIT ON IT 201
LINE 71 MAY INCLUDE OTHER REFUNDABLE CREDITS
NY-3 NY TRAINING-2009 34
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
NY-3 NY TRAINING-2009 35
LINK FROM IT 201 ATT TO IT 245
NY-3 NY TRAINING-2009 36
VOLUNTEER FIREFIGHTER AND AMBULANCE WORKER CREDIT IT 245
NY-3 NY TRAINING-2009 37
CREDIT ON IT 201 ATT
NY-3 NY TRAINING-2009 38
MORE NY CREDITS
SEE SEPARATE FILES FOR
COLLEGE TUITION CREDIT IT 272
REAL PROPERTY TAX CREDIT IT 214
RESIDENT CREDIT IT 112R
NY-3 NY TRAINING-2009 39
CREDITS NOT AVAILABLE IN TAXWISE 2008
CLEAN HEATING FUEL IT 241
CONSERVATION EASEMENT IT 242
DEFIBRILLATOR IT 250
NY-3 NY TRAINING-2009 40
NY CREDITS
QUESTIONS?