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This version of the form is not currently in use and is provided for reference only. Download this version of
Form IT-255
for the current year.
Form IT-255 Claim for Solar Energy System Equipment Credit - New York
What Is Form IT-255?
This is a legal form that was released by the New York State Department of Taxation and Finance - a government authority operating within New York. Check the official instructions before completing and submitting the form.
FAQ
Q: What is form IT-255?
A: Form IT-255 is a tax form used by residents of New York to claim the Solar Energy System Equipment Credit.
Q: What is the Solar Energy System Equipment Credit?
A: The Solar Energy System Equipment Credit is a tax credit offered to New York residents who purchase and install eligible solar energy systems.
Q: Who is eligible to claim the credit?
A: New York residents who have purchased and installed eligible solar energy systems are eligible to claim the credit.
Q: What is the purpose of the credit?
A: The purpose of the credit is to incentivize the use of solar energy systems and promote renewable energy in New York.
Q: What expenses are eligible for the credit?
A: Expenses related to the purchase and installation of eligible solar energy systems are eligible for the credit.
Q: Are there any limitations on the credit?
A: Yes, there are certain limits on the amount of credit that can be claimed. The maximum credit amount varies depending on the tax year.
Q: How do I calculate the credit amount?
A: The credit amount is calculated based on a percentage of the eligible expenses incurred.
Q: When is the deadline to file form IT-255?
A: The deadline to file form IT-255 is the same as the regular due date for your New York State income tax return.
Q: Can the credit be carried forward or refunded?
A: No, the credit cannot be carried forward to future years or refunded. It can only be used to offset your New York State income tax liability.
Form Details:
- The latest edition provided by the New York State Department of Taxation and Finance;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form IT-255 by clicking the link below or browse more documents and templates provided by the New York State Department of Taxation and Finance.
