Instructions For Form It-214 - Claim For Real Property Tax Credit For Homeowners And Renters - New York State Department Of Taxation And Finance - 2005 Page 3
ADVERTISEMENT
1
2
3
4I
IT-214-
(2005) Page 3 of 4
Schedule B (renters)
Sign Form IT-214 and attach it to the return
If you owned your residence for all of 2005,
you are filing.
enter your real property taxes paid (line 21) on
Enter on line 22 the total rent you and all
line 10.
If you pay someone to prepare Form IT-214,
members of your household paid during
the paid preparer must also sign it and fill in
2005; do not include any subsidized part of
If you rented your residence for all of 2005,
the other blanks in the paid preparer’s area.
your rental charge. Figure the amounts to be
enter 25% of your adjusted rent paid (line 25)
If someone prepares Form IT-214 for you and
entered on lines 23, 24, and 25. Transfer the
on line 10.
does not charge you, that person should not
amount from line 25 to line 10, on the front of
If you owned your residence for part of the
sign it.
Form IT-214.
tax year and rented your residence for part
Note to paid preparers – When signing a
If the monthly average of your adjusted rent
of the tax year, add 25% of your adjusted rent
taxpayer’s New York State income tax return,
(line 24) was more than $450, stop; you do
paid (from Schedule B) to the prorated part of
you must use the same number (social security
not qualify for this credit.
any charges you list on Schedule A. Enter the
number or federal preparers tax identification
total on line 10.
Example: Sally rented an apartment for nine
number) that you use when preparing federal
Line 15 —
months during 2005. Her total adjusted rent
If you entered on line 20 any
income tax returns. For more information
paid during 2005 was $3,825. Therefore, the
amount of taxes not paid due to the exemption
relating to the signing of returns by a paid
monthly average of adjusted rent paid by Sally
for persons 65 or older (section 467 of the Real
preparer and other requirements relating to
during 2005 is $425 ($3,825 ÷ 9 months).
Property Tax Law), figure 25% of line 14, and
paid preparers, see Publication 58, Information
enter the result on line 15. If you did not make
for Income Tax Return Preparers.
Schedule C (homeowners and renters)
an entry on line 20, figure 50% of line 14, and
Where to file
List the name, social security number, and
enter the result on line 15.
year of birth of everyone, including yourself,
If you are not filing a 2005 New York State
Line 16
—
Credit limitation
Using
who lived in your household in 2005. If you
income tax return, sign and date Form IT-214
the following table, find your credit limitation
need more space, list additional names on a
and mail it to:
according to the amount of your household
separate sheet and attach it to Form IT-214.
gross income (line 11) and the age of qualified
STATE PROCESSING CENTER
Enter in the boxes on line 26 the total number
household members (line 7). Be careful to
PO BOX 61000
of household members.
select your limitation from the proper column.
ALBANY NY 12261-0001
Figure your household gross income by
If the
And you checked
Private delivery services — If you choose,
completing lines 27 through 34.
amount on
Yes on line 7,
No on line 7,
you may use a private delivery service, instead
line 11 is:
enter on line 16: enter on line 16:
Enter on line 27 the total federal adjusted
of the U.S. Postal Service, to file your return
$ * 0 to 1,000
$375
$75
gross income of you and all members of your
and pay tax. However, if, at a later date, you
1,001 to 2,000
358
73
household. If you or any members of your
2,001 to 3,000
341
71
need to establish the date you filed your
3,001 to 4,000
324
69
household do not have to file a federal return,
return or paid your tax, you cannot use the
4,001 to 5,000
307
67
include the amount that would be included
date recorded by a private delivery service
5,001 to 6,000
290
65
in federal adjusted gross income if a federal
6,001 to 7,000
273
63
unless you used a delivery service that
7,001 to 8,000
256
61
return had been required.
has been designated by the U.S. Secretary
8,001 to 9,000
239
59
of the Treasury or the Commissioner of
9,001 to 10,000
222
57
Enter on line 28 the total additions to
Taxation and Finance. (Currently designated
10,001to 11,000
205
55
federal adjusted gross income required by
11,001to 12,000
188
53
delivery services are listed in Publication 55,
section 612(b) of the Tax Law. For a list of
12,001to 13,000
171
51
Designated Private Delivery Services. See
these additions, see Publication 22, General
13,001to 14,000
154
49
Need help? on page 4 of these instructions
14,001to 15,000
137
47
Information on New York State’s Real Property
15,001to 16,000
120
45
for information on ordering forms and
Tax Credit for Homeowners and Renters, or
16,001to 17,000
103
43
publications.) If you have used a designated
the combined instructions for Forms IT-150
17,001to 18,000
86
41
private delivery service and need to establish
and IT-201. For Form IT-150 filers, the New
* This may include a negative amount.
the date you filed your return, contact that
York State additions to federal adjusted gross
Line 17
private delivery service for instructions on how
Real property tax credit
income are shown on Form IT-150, lines 12
to obtain written proof of the date your return
The real property tax credit for your household
through 14. For Form IT-201 filers, the New
was given to the delivery service for delivery. If
is the amount on line 15 or line 16 - whichever
York State additions to federal adjusted gross
you use any private delivery service, whether
is less. Enter the lesser amount on line 17.
income are shown on Form IT-201, lines 20
it is a designated service or not, address
through 23. Include the total of these additions
If more than one member of your household
your return to: State Processing Center,
that apply to you and all members of your
is filing Form IT-214, divide the line 17 amount
101 Enterprise Drive, Kingston NY 12401.
household, even if a New York State income tax
equally among all filers. You can divide the
return is not required.
line 17 amount any way you want if you each
agree to the amount of your share and attach
Enter on lines 29 through 33 the total of each
Complete lines 35a through 35c if you want us
a copy of the agreement to your Form IT-214.
type of income you and all members of your
to deposit your real property tax credit directly
Enter only your share of the line 17 amount
household received during 2005 that was not
into your bank account instead of sending you
on your Form IT-214 (and on your return if you
included on lines 27 and 28.
a check. Do not complete these lines if you
have to file one).
If someone was a member of your household
are filing Form IT-214 with your New York State
If you are married and filing a joint Form IT-214,
for only part of the tax year, include on lines 27
income tax return. Instead, complete the lines
you do not have to divide the credit. However,
through 33 the income he or she received while
for direct deposit on the return that you are
if you do not want to apply your share of a
a member of your household.
filing.
credit to a debt owed by your spouse, you must
Add lines 27 through 33, and enter the total
You can contact your financial institution to
also file Form IT-280, Nonobligated Spouse
on line 34. Round this amount to the nearest
make sure your deposit will be accepted and to
Allocation (see Collection of debts from your
whole dollar, and transfer it to line 11 on the
get your correct routing and account numbers.
overpayment and Disclaiming of spouse’s debt
front of Form IT-214. If this amount is more than
on the next page).
$18,000, stop; you do not qualify for this credit.
If you are filing a 2005 New York State
Line 9 —
If you qualify for an exemption
income tax return, transfer your line 17
from taxation under section 467 of the Real
amount to Form IT-150, line 40 or
Property Tax Law and elect to enter this
Form IT-201, line 65.
Line
Line
exemption on line 20, mark an X in the Yes box.
35a
35c
Your credit will be subtracted from the amount
If not, mark an X in the No box.
of tax you owe. Any amount over the tax you
Line 10 —
Real property taxes paid or
owe will be refunded to you.
25% of adjusted rent paid
Note: The routing and account numbers may appear
in different places on your check.
ADVERTISEMENT
0 votes
Related Articles
Related forms
Form St-102-a - New York State And Local Annual Sales And Use Tax Return For A Single Jurisdiction - New York State Department Of Taxation And Finance
Financial
Form Et-416 - Computation Of Estate Tax Credit For Closely Held Businesses - New York State Department Of Taxation And Finance
Financial
Form Dtf-801 - Certificate Of Indian Exemption For Certain Property Or Services Delivered On A Reservation - New York State Department Of Taxation And Finance
Financial
Form Tsb-m-07(3)s - Sales And Use Tax Treatment Of Wood Pellets And Other Similar Products Used For Home Heating Purposes -new York State Department Of Taxation And Finance
Financial
Form Dtf-17-att - Schedule Of Business Locations For A Consolidated Filer - New York State Department Of Taxation And Finance
Financial
Form St-810.4 - Quarterly Schedule Nj For Part-quarterly Filers - New York State Department Of Taxation And Finance
Financial
Form Pt-303 - Railroad Exemption Certificate For Diesel Motor Fuel - New York State Department Of Taxation And Finance
Financial
Form Pt-302 - Aviation Fuel Business Exemption Certificate For Kero-jet Fuel - New York State Department Of Taxation And Finance
Financial
Related Categories
Parent category: Financial