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 New York state form that homeowners and renters can use to claim a real propertytax credit.

Q: Who can use Form IT-214?
A: Both homeowners and renters in New York state can use Form IT-214.

Q: What is a real property tax credit?
A: A real property tax credit is a tax benefit that helps offset the cost of property taxes paid on a home.

Q: What expenses can be claimed on Form IT-214?
A: Expenses related to real property taxes, including school district taxes, can be claimed on Form IT-214.

Q: What is the eligibility criteria for claiming the credit?
A: To be eligible for the credit, you must meet certain income requirements and fulfill residency requirements in New York state.

Q: How do I complete Form IT-214?
A: You must provide your personal information, details about the property taxes paid, and calculate the credit amount using the instructions provided on the form.

Q: Can I claim the credit if I rent a property?
A: Yes, renters in New York state can also claim a real property tax credit.

Q: Is there a deadline for submitting Form IT-214?
A: Yes, Form IT-214 must be filed by the due date of your New York state income tax return, usually April 15th.

Q: Are there any limitations or restrictions on claiming the credit?
A: Yes, there are certain income limitations and eligibility criteria that must be met in order to claim the credit.