Form IT-649 Farm Donations to Food Pantries Credit - New York

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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 the state of New York that is used to claim the Farm Donations to Food Pantries Credit.

Q: What is the purpose of Form IT-649?
A: The purpose of Form IT-649 is to provide a tax credit for farmers in New York who donate fresh fruits, vegetables, and other agricultural products 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 to food pantries are eligible to claim the credit.

Q: What can be claimed as eligible donations on Form IT-649?
A: Farmers can claim donations of fresh fruits, vegetables, and other agricultural products that are made to eligible food pantries.

Q: How much is the tax credit for Farm Donations to Food Pantries?
A: The tax credit is equal to 25% of the fair market value of the donated agriculture products, up to a maximum credit of $5,000 per year.

Q: What are the requirements for claiming the credit?
A: To claim the credit, farmers must complete and submit Form IT-649 along with the necessary documentation, including proof of donation and a certification from the food pantry.

Q: When is the deadline for filing Form IT-649?
A: The deadline for filing Form IT-649 is the same as the deadline for filing New York State income tax returns, which is generally April 15th.

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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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