NY-3 NY TRAINING-2009 1 NY CREDITS OVERVIEW OF NY CREDITS REF: NYS PUB 99-IND INDIVIDUAL CREDIT INSTR.

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Presentation transcript:

NY-3 NY TRAINING NY CREDITS OVERVIEW OF NY CREDITS REF: NYS PUB 99-IND INDIVIDUAL CREDIT INSTR

NY-3 NY TRAINING 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 CONDITIONS AND FORMS FOR CREDITS  IT 201 INSTRUCTIONS PAGE 6

NY-3 NY TRAINING ENTERING CREDITS ON IT 201 ATT  IT 201 INSTRUCTIONS PAGE 98

NY-3 NY TRAINING IT 201 ATT F1

NY-3 NY TRAINING NONREFUNDABLE CREDITS ON IT 201

NY-3 NY TRAINING 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 REFUNDABLE CREDITS ON IT 201

NY-3 NY TRAINING 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 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 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 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 LINK TO FROM IT 201 TO IT 209

NY-3 NY TRAINING IT 209 REQUIRED INPUTS

NY-3 NY TRAINING IT 209 CREDIT CALCULATION 1

NY-3 NY TRAINING IT 209 CREDIT CALCULATION 2 NNNN

NY-3 NY TRAINING NONCUSTODIAL PARENT EIC ON IT 201

NY-3 NY TRAINING NONREFUNDABLE CREDITS ON IT 201 ATT

NY-3 NY TRAINING ENTERING CREDITS ON IT 201 ATT  IT 201 INSTRUCTIONS PAGE 98

NY-3 NY TRAINING LONG TERM CARE INSURANCE IT 249  QUALIFIED POLICY  MAX ALLOWED CAPPED BASED ON AGE  CARRYOVER  RES, NONRES, PY RES

NY-3 NY TRAINING ENTER LONG TERM CARE INSURANCE ON SCHEDULE A

NY-3 NY TRAINING LINK FROM IT 201 TO IT 201 ATT

NY-3 NY TRAINING LINK FROM IT 201 ATT TO IT 249

NY-3 NY TRAINING IT 249 PAGE 1  ENTER PREMIUM VIA SCRATCH PAD

NY-3 NY TRAINING IT 249 PAGE 2

NY-3 NY TRAINING ENTER LONG TERM CARE CREDIT ON IT 201 ATT

NY-3 NY TRAINING LONG TERM CARE INSURANCE CREDIT ON IT 201

NY-3 NY TRAINING REFUNDABLE CREDITS ON IT 201 ATT

NY-3 NY TRAINING NURSING HOME ASSESSMENT CREDIT IT 258  ENTIRE ASSESSMENT IS REFUNDABLE  AVAILABLE ONLY TO DIRECT PAYER  MUST BE STATED SEPARATELY

NY-3 NY TRAINING LINK FROM IT 201 ATT TO IT 258

NY-3 NY TRAINING COMPLETE NURSING HOME ASSESSMENT CREDIT IT 258

NY-3 NY TRAINING NURSING HOME ASSESSMENT CREDIT ON IT 201 ATT

NY-3 NY TRAINING NURSING HOME ASSESSMENT CREDIT ON IT 201  LINE 71 MAY INCLUDE OTHER REFUNDABLE CREDITS

NY-3 NY TRAINING  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 LINK FROM IT 201 ATT TO IT 245

NY-3 NY TRAINING VOLUNTEER FIREFIGHTER AND AMBULANCE WORKER CREDIT IT 245

NY-3 NY TRAINING CREDIT ON IT 201 ATT

NY-3 NY TRAINING 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 CREDITS NOT AVAILABLE IN TAXWISE 2008  CLEAN HEATING FUEL IT 241  CONSERVATION EASEMENT IT 242  DEFIBRILLATOR IT 250

NY-3 NY TRAINING NY CREDITS QUESTIONS?