Instructions for Form IT-214 Claim for Real Property Tax Credit for Homeowners and Renters - New York

This document contains official instructions for Form IT-214 , Claim for Real Property Tax Credit for Homeowners and Renters - a form released and collected by the New York State Department of Taxation and Finance.

FAQ

Q: What is Form IT-214?
A: Form IT-214 is a tax form for claiming the Real Property Tax Credit for Homeowners and Renters in New York.

Q: Who can claim the Real Property Tax Credit?
A: Both homeowners and renters in New York can claim the Real Property Tax Credit.

Q: What is the purpose of the Real Property Tax Credit?
A: The purpose of the Real Property Tax Credit is to provide financial assistance to eligible homeowners and renters to offset property tax or rent expenses.

Q: What expenses can be claimed on Form IT-214?
A: Eligible expenses that can be claimed on Form IT-214 include property taxes paid by homeowners and a portion of rent paid by eligible renters.

Q: Are there income limitations for claiming the Real Property Tax Credit?
A: Yes, there are income limitations for claiming the Real Property Tax Credit. The specific income limits can be found in the instructions for Form IT-214.

Q: How do I file Form IT-214?
A: Form IT-214 can be filed electronically using tax preparation software or by mailing a paper copy to the New York State Department of Taxation and Finance.