Form IT-229 Real Property Tax Relief Credit - New York

What Is Form IT-229?

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. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form IT-229?
A: Form IT-229 is the form used to claim the Real Property Tax Relief Credit in New York.

Q: What is the Real Property Tax Relief Credit?
A: The Real Property Tax Relief Credit is a tax credit in New York that provides relief to eligible homeowners who pay property taxes.

Q: Who is eligible to claim the Real Property Tax Relief Credit?
A: Homeowners in New York who meet certain income requirements and pay property taxes on their primary residence are eligible to claim the credit.

Q: What documents do I need to complete Form IT-229?
A: To complete Form IT-229, you will need your property tax bill or statement, as well as information about your income and household size.

Q: When is the deadline to file Form IT-229?
A: The deadline to file Form IT-229 is generally April 15th, but it may vary from year to year. It is recommended to check the latest filing deadlines with the New York State Department of Taxation and Finance.

Q: Is the Real Property Tax Relief Credit refundable?
A: No, the Real Property Tax Relief Credit is not refundable. It can only be used to offset your New York State income tax liability.

Q: Can I claim the Real Property Tax Relief Credit if I rent a property?
A: No, the Real Property Tax Relief Credit is only available to homeowners who pay property taxes on their primary residence.

Q: How much is the Real Property Tax Relief Credit worth?
A: The amount of the Real Property Tax Relief Credit varies depending on your income and property taxes paid. The maximum credit amount is $350.