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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-649
for the current year.
Form IT-649 Farm Donations to Food Pantries Credit - New York
What Is Form IT-649?
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-649?
A: Form IT-649 is a tax form in New York that is used to claim the Farm Donations to Food Pantries credit.
Q: Who can claim the Farm Donations to Food Pantries credit?
A: Individuals, estates, and trusts that are engaged in farming activities in New York and make qualified donations to food pantries are eligible to claim this credit.
Q: What qualifies as a donation to a food pantry?
A: Donations of food or cash made to a qualified food pantry in New York are eligible for this credit. The donations must be made directly to the pantry and not through a middleman or organization.
Q: How is the credit calculated?
A: The credit is equal to 25% of the fair market value of the qualified donation, up to a maximum credit of $5,000 per taxpayer per year.
Q: Can the credit be carried forward or back?
A: No, the credit cannot be carried forward or back. It can only be claimed in the tax year in which the qualified donation was made.
Q: Is there a deadline for claiming the credit?
A: Yes, the deadline for claiming the Farm Donations to Food Pantries credit is the same as the deadline for filing your New York state tax return, which is generally April 15th.
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-649 by clicking the link below or browse more documents and templates provided by the New York State Department of Taxation and Finance.
Download Form IT-649 Farm Donations to Food Pantries Credit - New York
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