Instructions for Form IT-250 Claim for Credit for Purchase of an Automated External Defibrillator - New York

Form IT-250 Claim for Credit for Purchase of an Automated External Defibrillator - New York

This document contains official instructions for Form IT-250 , Claim for Credit for Purchase of an Automated External Defibrillator - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form IT-250 is available for download through this link.

FAQ

Q: What is Form IT-250?
A: Form IT-250 is a form used to claim a credit for the purchase of an Automated External Defibrillator (AED) in New York.

Q: Who can file Form IT-250?
A: Individuals, businesses, and other entities that have purchased an AED in New York can file Form IT-250.

Q: What is the purpose of the credit?
A: The credit is meant to encourage the purchase and use of AEDs, which can help save lives in cases of cardiac emergencies.

Q: What expenses are eligible for the credit?
A: Expenses related to the purchase of an AED, including the cost of the device, accessories, and necessary training, may be eligible for the credit.

Q: How much is the credit?
A: The credit is equal to 50% of the eligible expenses or $500, whichever is less.

Q: When is the deadline to file Form IT-250?
A: Form IT-250 must be filed within one year from the end of the tax year in which the AED was purchased.

Q: Are there any other requirements to claim the credit?
A: Yes, you must include a copy of the receipt(s) for the AED purchase and any required documentation supporting your claim.