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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 IT-221
for the current year.
Form IT-221 Disability Income Exclusion - New York
What Is Form IT-221?
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-221?
A: Form IT-221 is a tax form specific to the state of New York that allows individuals to claim a disability income exclusion.
Q: Who is eligible to use Form IT-221?
A: New York residents who have received disability income and meet certain requirements may be eligible to use Form IT-221.
Q: What is the purpose of Form IT-221?
A: The purpose of Form IT-221 is to exclude a portion of disability income from taxable income, reducing the overall tax liability for eligible individuals.
Q: What type of disability income can be excluded using Form IT-221?
A: Form IT-221 allows for the exclusion of certain disability income, including payments from disability insurance policies or certain retirement plans.
Q: What are the requirements for using Form IT-221?
A: To be eligible to use Form IT-221, you must be a New York resident, have received disability income, and meet certain income limitations and other criteria as outlined in the form's instructions.
Q: How do I file Form IT-221?
A: Form IT-221 can be filed along with your New York state income tax return. The completed form should be attached to your return and submitted to the appropriate tax authority.
Q: Is Form IT-221 only for residents of New York?
A: Yes, Form IT-221 is specifically for residents of New York who have received disability income and meet the eligibility requirements.
Q: What is the deadline for filing Form IT-221?
A: The deadline for filing Form IT-221 is typically the same as the deadline for filing your New York state income tax return, which is usually April 15th of each year.
Q: Can I claim both federal and state disability income exclusions?
A: Yes, in certain cases, you may be able to claim both federal and state disability income exclusions. It is recommended to consult with a tax professional for specific guidance.
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-221 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-221 Disability Income Exclusion - New York
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