This version of the form is not currently in use and is provided for reference only. Download this version of Form IT-272 for the current year.
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.
Q: What is Form IT-272?
A: Form IT-272 is a form used in New York to claim the College Tuition Credit or Itemized Deduction.
Q: Who can claim the College Tuition Credit?
A: New York residents who paid qualified higher education expenses for themselves, their spouse, or their dependents.
Q: What is the purpose of the College Tuition Credit?
A: The College Tuition Credit provides a tax credit to help offset the cost of qualified higher education expenses.
Q: What are qualified higher education expenses?
A: Qualified higher education expenses include tuition and certain related expenses paid to eligible educational institutions.
Q: Can I claim both the College Tuition Credit and the Itemized Deduction?
A: No, you can only claim one or the other.
Q: How do I determine if I should claim the College Tuition Credit or the Itemized Deduction?
A: You should compare the benefits of each option and choose the one that provides the most tax savings.
Q: When is the deadline to file Form IT-272?
A: The deadline to file Form IT-272 is the same as the deadline to file your New York State income tax return, typically April 15th.
Q: What documents should I include when filing Form IT-272?
A: You should include copies of your college tuition statements and any other supporting documentation.
Q: Can I e-file Form IT-272?
A: No, Form IT-272 cannot be e-filed and must be submitted by mail.
Form Details:
Download a fillable version of Form IT-272 by clicking the link below or browse more documents and templates provided by the New York State Department of Taxation and Finance.