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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-646
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Form IT-646 Employee Training Incentive Program Tax Credit - New York
What Is Form IT-646?
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-646?
A: Form IT-646 is a tax form specifically designed for the Employee Training Incentive Program Tax Credit in New York.
Q: What is the Employee Training Incentive Program Tax Credit?
A: The Employee Training Incentive Program Tax Credit is a tax credit provided to businesses in New York that incur training costs for their employees.
Q: Who is eligible for the Employee Training Incentive Program Tax Credit?
A: Businesses in New York that incur eligible training costs for their employees are eligible for the tax credit.
Q: What training costs are eligible for the tax credit?
A: Eligible training costs include direct training expenses, such as instructors' fees and training materials.
Q: How much is the tax credit?
A: The tax credit is equal to 50% of the eligible training costs, up to a maximum of $10,000 per employee per year.
Q: How can businesses claim the tax credit?
A: Businesses can claim the tax credit by completing and filing Form IT-646 with the New York State Department of Taxation and Finance.
Q: What information is required on Form IT-646?
A: Form IT-646 requires businesses to provide information about the training programs, eligible expenses, and number of employees trained.
Q: When is the deadline to file Form IT-646?
A: Form IT-646 must be filed within three years from the end of the tax year in which the eligible training expenses were incurred.
Q: Is there a limit on the total tax credits that can be claimed?
A: Yes, there is an annual cap on the total amount of tax credits that can be claimed for the Employee Training Incentive Program.
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-646 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-646 Employee Training Incentive Program Tax Credit - New York
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