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Instructions for Form IT-650
for the current year.
Instructions for Form IT-650 Empire State Apprenticeship Tax Credit - New York
This document contains official instructions for Form IT-650 , Empire State Apprenticeship Tax Credit - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form IT-650 is available for download through this link.
FAQ
Q: What is Form IT-650?
A: Form IT-650 is the Empire StateApprenticeship Tax Credit form in New York.
Q: What is the Empire State Apprenticeship Tax Credit?
A: The Empire State Apprenticeship Tax Credit is a tax credit program in New York that provides incentives to employers for hiring and training apprentices.
Q: Who is eligible for the Empire State Apprenticeship Tax Credit?
A: Employers who hire eligible apprentices in qualified trades or occupations in New York are eligible for the tax credit.
Q: How much is the Empire State Apprenticeship Tax Credit?
A: The tax credit amount is $2,000 per eligible apprentice for each of the first two years of apprenticeship, and $1,000 per apprentice for each of the third and fourth years.
Q: How do employers claim the Empire State Apprenticeship Tax Credit?
A: Employers must complete and file Form IT-650 with the New York State Department of Taxation and Finance to claim the tax credit.
Instruction Details:
- This 2-page document is available for download in PDF;
- Might not be applicable for the current year. Choose a more recent version;
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