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Instructions for Form CT-649
for the current year.
Instructions for Form CT-649 Farm Donations to Food Pantries Credit - New York
This document contains official instructions for Form CT-649 , Farm Donations to Food Pantries Credit - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form CT-649 is available for download through this link.
FAQ
Q: What is Form CT-649?
A: Form CT-649 is a tax form used in the state of New York to claim the Farm Donations to Food Pantries Credit.
Q: What is the purpose of the Farm Donations to Food Pantries Credit?
A: The purpose of the Farm Donations to Food Pantries Credit is to provide a tax credit to farmers in New York who donate food to eligible food pantries.
Q: Who is eligible to claim the Farm Donations to Food Pantries Credit?
A: Farmers in New York who make eligible donations of food to eligible food pantries are eligible to claim the credit.
Q: How much is the tax credit for the Farm Donations to Food Pantries Credit?
A: The tax credit is equal to 25% of the fair market value of the donated food, up to a maximum of $5,000 per taxpayer.
Q: What are the requirements for eligible food donations?
A: To be eligible, the donated food must be produced or grown in New York and meet certain quality and safety standards.
Q: What are the requirements for eligible food pantries?
A: Eligible food pantries must be registered and in good standing with the New York State Department of Health or a Native American tribe.
Q: What documentation is needed to claim the tax credit?
A: Documentation such as receipts, records of donations, and written acknowledgments from the food pantries is required to claim the tax credit.
Q: Is there a deadline for filing Form CT-649?
A: Yes, Form CT-649 must be filed by the due date of the taxpayer's New York State income tax return for the year in which the donation was made.
Q: Can I carry over any unused portion of the tax credit?
A: No, any unused portion of the tax credit cannot be carried over to future years.
Instruction Details:
- This 4-page document is available for download in PDF;
- Might not be applicable for the current year. Choose a more recent version;
- Complete, printable, and free.
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