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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 CT-649
for the current year.
Form CT-649 Farm Donations to Food Pantries Credit - New York
What Is Form CT-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 CT-649?
A: Form CT-649 is a form used in New York for claiming the Farm Donations to Food Pantries Credit.
Q: What is the Farm Donations to Food Pantries Credit?
A: The Farm Donations to Food Pantries Credit is a tax credit available to farmers in New York who donate eligible food to qualified food pantries.
Q: Who is eligible for the Farm Donations to Food Pantries Credit?
A: Farmers in New York who make eligible food donations to qualified food pantries are eligible for the credit.
Q: What is considered an eligible food donation?
A: To be considered eligible, the donated food must be: produced in New York State; used for human consumption; not sold or traded; and meet any other qualifications set by the Department of Agriculture and Markets.
Q: Who qualifies as a qualified food pantry?
A: Qualified food pantries are nonprofit organizations that operate primarily to provide food to individuals in need.
Q: How much is the credit?
A: The credit is worth 25% of the fair market value of the eligible food donation, up to a maximum credit of $5,000 per taxpayer per year.
Q: How do farmers claim the credit?
A: Farmers must complete and file Form CT-649 with their New York State income tax return to claim the credit.
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 income tax return.
Q: Are there any limitations or restrictions on the credit?
A: Yes, there are certain limitations and restrictions on the credit. It is recommended to refer to the instructions and guidelines provided by the New York State Department of Taxation and Finance for more information.
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 printable version of Form CT-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 CT-649 Farm Donations to Food Pantries Credit - New York
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