This version of the form is not currently in use and is provided for reference only. Download this version of Form IT-256 for the current year.
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.
Q: What is Form IT-256?
A: Form IT-256 is a tax form used in New York to claim the Special Additional Mortgage Recording Tax Credit.
Q: What is the Special Additional Mortgage Recording Tax Credit?
A: The Special Additional Mortgage Recording Tax Credit is a credit available to certain homebuyers in New York who paid a special additional mortgage recording tax.
Q: Who is eligible to claim the Special Additional Mortgage Recording Tax Credit?
A: Homebuyers who meet certain criteria, including income and purchase price limits, may be eligible to claim the credit.
Q: How do I claim the Special Additional Mortgage Recording Tax Credit?
A: To claim the credit, you need to complete and file Form IT-256 with your New York state tax return.
Q: Are there any deadlines for filing Form IT-256?
A: The deadline for filing Form IT-256 is the same as the deadline for filing your New York state tax return, generally April 15th.
Q: Is the Special Additional Mortgage Recording Tax Credit refundable?
A: No, the credit is non-refundable, meaning it can reduce your tax liability, but you will not receive a refund for any unused portion.
Form Details:
Download a fillable version of Form IT-256 by clicking the link below or browse more documents and templates provided by the New York State Department of Taxation and Finance.