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1 NY 3 NEW YORK TRAINING 2010 NY CREDITS NYS PUB 99-IND INDIVIDUAL CREDIT INSTR.

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Presentation on theme: "1 NY 3 NEW YORK TRAINING 2010 NY CREDITS NYS PUB 99-IND INDIVIDUAL CREDIT INSTR."— Presentation transcript:

1 1 NY 3 NEW YORK TRAINING 2010 NY CREDITS NYS PUB 99-IND INDIVIDUAL CREDIT INSTR

2 2 NY 3 NEW YORK TRAINING 2010 DETAILED INFORMATION ON NY CREDITS  CREDIT INSTRUCTIONS  NY PUB 99-IND  IT-201 INSTR.  REFUNDABLE/NONREFUNDABLE  FORM NUMBER  LINE NUMBER ON IT-201 ATT  CODE FOR IT-201 ATT  TAXWISE HELP F1 FROM 201 OR 201 ATT

3 3 NY 3 NEW YORK TRAINING 2010 CONDITIONS AND FORMS FOR CREDITS  IT-201 INSTRUCTIONS PAGE 6

4 4 NY 3 NEW YORK TRAINING 2010 LINKING TO NONREFUNDABLE CREDITS

5 5 NY 3 NEW YORK TRAINING 2010 LINK TO REFUNDABLE CREDITS

6 6 NY 3 NEW YORK TRAINING 2010 ENTERING CREDITS ON IT-201 ATT  IT-201 INSTRUCTIONS PAGE 98

7 7 NY 3 NEW YORK TRAINING 2010 IT-201 ATT IN TAXWISE F1

8 8 NY 3 NEW YORK TRAINING 2010 HOUSEHOLD AND RESIDENT CREDITS  HOUSEHOLD CREDIT  AUTOMATIC IN TAXWISE  INCOME, STATUS, DEPENDENTS  NONREFUNDABLE  RESIDENT CREDIT 112R  INCOME TAX PAID TO ANOTHER STATE  NONREFUNDABLE  SEE SEPARATE RESIDENT CREDIT FILE

9 9 NY 3 NEW YORK TRAINING 2010 EMPIRE STATE CHILD CREDIT IT-213  AUTOMATIC IN TAXWISE  FULL YEAR RESIDENT ONLY  FEDERAL CHILD TAX CREDIT OR ADDITIONAL CHILD TAX CREDIT OR INCOME BELOW FEDERAL CAP  CHILD AGE 4 TO 16  33% OF FEDERAL CREDIT  REFUNDABLE

10 10 NY 3 NEW YORK TRAINING 2010 CHILD & DEPENDENT CARE CREDIT IT-216  AUTOMATIC IN TAXWISE  RES, PY RES, NONRES  FEDERAL RULES: USUALLY ELIMINATE MARRIED FILING SEPARATE  A PERCENTAGE OF FEDERAL CREDIT  REFUNDABLE TO FULL AND PY RESIDENTS  NONREFUNDABLE TO NONRESIDENTS  ADDITIONAL CREDIT FOR NYC RESIDENTS

11 11 NY 3 NEW YORK TRAINING 2010 EARNED INCOME CREDIT IT-215  AUTOMATIC IN TAXWISE  MUST CLAIM FEDERAL EIC  NOT MARRIED FILING SEPARATE  RES AND PY RES  30% OF FEDERAL CREDIT LESS  HOUSEHOLD CREDIT  ADDITIONAL CREDIT FOR NYC RESIDENTS  REFUNDABLE

12 12 NY 3 NEW YORK TRAINING 2010 NON-CUSTODIAL PARENT EIC IT-209  NOT MARRIED FILING SEPARATE  CHILD DID NOT RESIDE WITH TAXPAYER  FULL YEAR RESIDENT ONLY  AGE 18 OR OLDER  CHILD UNDER 18  MUST PAY CHILD SUPPORT  COURT ORDER AND COLLECTION UNIT  ADDITIONAL CREDIT FOR NYC RESIDENTS  REFUNDABLE

13 13 NY 3 NEW YORK TRAINING 2010 LINK TO FROM IT-201 TO IT-209

14 14 NY 3 NEW YORK TRAINING 2010 IT-209 REQUIRED INPUTS

15 15 NY 3 NEW YORK TRAINING 2010 IT-209 CREDIT CALCULATION 1

16 16 NY 3 NEW YORK TRAINING 2010 IT-209 CREDIT CALCULATION 2 NNNN

17 17 NY 3 NEW YORK TRAINING 2010 NONCUSTODIAL PARENT EIC ON IT-201

18 18 NY 3 NEW YORK TRAINING 2010 NONREFUNDABLE CREDITS ON IT-201 ATT

19 19 NY 3 NEW YORK TRAINING 2010 ENTERING CREDITS ON IT-201 ATT  IT 201 INSTRUCTIONS PAGE 98

20 20 NY 3 NEW YORK TRAINING 2010 LONG TERM CARE INSURANCE IT-249  QUALIFIED POLICY  MAX ALLOWED CAPPED BASED ON AGE  CARRYOVER  RES, NONRES, PY RES

21 21 NY 3 NEW YORK TRAINING 2010 ENTER LONG TERM CARE INSURANCE ON SCHEDULE A

22 22 NY 3 NEW YORK TRAINING 2010 LINK FROM IT-201 TO IT-201 ATT

23 23 NY 3 NEW YORK TRAINING 2010 LINK FROM IT-201 ATT TO IT-249

24 24 NY 3 NEW YORK TRAINING 2010 IT-249 PAGE 1  ENTER PREMIUM VIA SCRATCH PAD

25 25 NY 3 NEW YORK TRAINING 2010 IT-249 PAGE 2

26 26 NY 3 NEW YORK TRAINING 2010 ENTER LONG TERM CARE CREDIT ON IT-201 ATT

27 27 NY 3 NEW YORK TRAINING 2010 LONG TERM CARE INSURANCE CREDIT ON IT-201

28 28 NY 3 NEW YORK TRAINING 2010 REFUNDABLE CREDITS ON IT-201 ATT

29 29 NY 3 NEW YORK TRAINING 2010 NURSING HOME ASSESSMENT CREDIT IT-258  ENTIRE ASSESSMENT IS REFUNDABLE  AVAILABLE ONLY TO DIRECT PAYER  MUST BE STATED SEPARATELY

30 30 NY 3 NEW YORK TRAINING 2010 LINK FROM IT-201 ATT TO IT-258

31 31 NY 3 NEW YORK TRAINING 2010 COMPLETE NURSING HOME ASSESSMENT CREDIT IT-258

32 32 NY 3 NEW YORK TRAINING 2010 NURSING HOME ASSESSMENT CREDIT ON IT-201 ATT

33 33 NY 3 NEW YORK TRAINING 2010 NURSING HOME ASSESSMENT CREDIT ON IT-201  LINE 71 MAY INCLUDE OTHER REFUNDABLE CREDITS

34 34 NY 3 NEW YORK TRAINING 2010  FULL YEAR RESIDENT ONLY  FULL YEAR SERVICE  NO PROPERTY TAX EXEMPTION FOR SERVICE  TAXPAYER AND SPOUSE MAY BOTH QUALIFY VOLUNTEER FIREFIGHTER AND AMBULANCE WORKER CREDIT IT-245

35 35 NY 3 NEW YORK TRAINING 2010 LINK FROM IT-201 ATT TO IT-245

36 36 NY 3 NEW YORK TRAINING 2010 VOLUNTEER FIREFIGHTER AND AMBULANCE WORKER CREDIT IT-245

37 37 NY 3 NEW YORK TRAINING 2010 CREDIT ON IT-201 ATT

38 38 NY 3 NEW YORK TRAINING 2010 MORE NY CREDITS  SEE SEPARATE FILES FOR  COLLEGE TUITION CREDIT IT-272  REAL PROPERTY TAX CREDIT IT-214  RESIDENT CREDIT IT-112R

39 39 NY 3 NEW YORK TRAINING 2010 CREDITS NOT AVAILABLE IN TAXWISE 2008  CLEAN HEATING FUEL IT-241  CONSERVATION EASEMENT IT-242  DEFIBRILLATOR IT-250

40 40 NY 3 NEW YORK TRAINING 2010 NY CREDITS QUESTIONS?


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