Form It-214 - Claim For Real Property Tax Credit - 2012 Page 2
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1
2IT-214 (2012) (back)
Step 4 – Compute real property tax
19 Enter the total amount of rent you and all members of your household paid
Renters
.
during the year 2012.
................ 19
(Do not include any subsidized part of your rental charge.)
00
only
20 Adjusted rent – If line 19 includes charges for:
Enter on line 20
heat, gas, electricity, furnishings, and board ............. 50% (.5) of line 19
heat, gas, electricity, and furnishings ........................ 75% (.75) of line 19
heat, gas, and electricity .......................................... 80% (.8) of line 19
heat or heat and gas ................................................ 85% (.85) of line 19
.
none of the above .................................................... 100% of line 19 .......................... 20
00
.
21 Average monthly adjusted rent
........... 21
(divide line 20 by the number of months you paid rent)
00
If line 21 is more than $450, stop; you do not qualify for this credit.
.
22 Multiply line 20 by 25% (.25); enter here and on line 28 .................................................. 22
00
.
23 Real property taxes paid during the year 2012
........................................ 23
(see instructions)
00
.
24 Special assessments ........................................................................................................ 24
00
.
Homeowners
25 Add lines 23 and 24 .......................................................................................................... 25
00
.
only
26 Exemption for homeowners 65 and over
.................................. 26
(optional - see instructions)
00
.
27 Add lines 25 and 26; enter here and on line 28 ................................................................ 27
00
Step 5 – Compute credit amount
.
28 Renters: Enter amount from line 22. Homeowners: Enter amount from line 27
.............. 28
(see instructions)
00
If line 28 is zero or less, stop; no credit is allowed.
.
29 Enter amount from line 18 ........................................................................................................................... 29
00
If line 29 is equal to or more than line 28, stop; you do not qualify for this credit.
.
30 Subtract line 29 from line 28 ........................................................................................................................ 30
00
.
31 Multiply line 30 by 50% (.5)
.......... 31
(However, if you entered an amount on line 26, multiply line 30 by 25% (.25).)
00
.
32 Credit limit
...................................................................................... 32
00
(see instructions; enter amount from chart)
33 Enter the amount from line 32 or 31, whichever is less. This is the credit for your household.
.
........................................... 33
(If more than one member of your household is filing Form IT-214, see instructions.)
00
• If you are filing this claim with your New York State income tax return:
Enter the line 33 amount on Form IT-201, line 67.
• If you are not filing this claim with a New York State income tax return
:
(see instructions)
Mark one refund choice:
direct deposit
- or -
debit card
- or -
paper check
(fill in line 34)
Step 6 – Enter account information
(see instructions)
34
Direct deposit (see instructions): Complete the following to have your refund deposited directly to your bank account.
34a Routing
34b Account
Personal
Personal
Business
Business
- or -
- or -
- or -
number
type:
checking
savings
checking
savings
Note: If the funds for your refund would go to an account
34c
Account
outside the U.S., mark an X in this box
......
number
(see instructions)
Print designee’s name
Designee’s phone number
Personal identification
Third-party
number (PIN)
designee?
(see instr.)
(
)
E-mail:
Yes
No
Date
Taxpayer(s) must sign here
Paid preparer must complete
(see instr.)
Preparer’s signature
Preparer’s NYTPRIN
Your signature
Firm’s name (or yours, if self-employed)
Preparer’s PTIN or SSN
Your occupation
Address
Employer identification number
Spouse’s signature and occupation (if joint claim)
Mark an X if
Date
Daytime phone number
(
)
self-employed
E-mail:
E-mail:
• If you are filing a NYS income tax return, submit this form with your return.
• If you are not filing a NYS income tax return, mail this form to:
214002120094
STATE PROCESSING CENTER, PO BOX 61000, ALBANY NY 12261-0001.
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