Form It 216 PDF Details

Form It 216 is an annual tax form that is used by businesses and organizations to report their income and expenses for the year. This form is important for businesses because it helps them to track their financial progress and make sure that they are paying the right amount of taxes. If you are a business owner, it is important to know how to complete Form It 216 so that you can file your taxes correctly. In this blog post, we will explain how to fill out Form It 216 and provide some helpful tips on how to get the most out of this form. We hope that this information will be helpful for you as you prepare your tax returns!

QuestionAnswer
Form NameForm It 216
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other names Form IT-216 "Claim for Child and Dependent Care Credit ...

Form Preview Example

Department of Taxation and Finance

IT-216

Claim for Child and Dependent Care Credit

New York State • New York City

Tax Law – Section 606(c)

Submit this form with Form IT-201 or IT-203.

Name(s) as shown on return

Your Social Security number

1 Have you already filed your New York State income tax return?

Yes

If YES, you must file an amended New York State return and include Form IT-216 to claim this credit.

 

2Persons or organizations who provided the care. (If you have more than two providers, see instructions.)

No

 

A – Care provider name (first name, middle initial, and last name, or business name)

C Identifying number (SSN OR EIN)

D – Amount paid (SEE INSTR.)

1st

 

 

 

 

 

.00

Care

 

 

 

 

 

B – Number and street

City

 

State

ZIP code

 

provider

 

 

 

 

 

 

 

 

 

 

A – Care provider name (first name, middle initial, and last name, or business name)

C Identifying number (SSN OR EIN)

D – Amount paid (SEE INSTR.)

2nd

 

 

 

 

 

.00

Care

 

 

 

 

 

B – Number and street

City

 

State

ZIP code

 

provider

 

 

 

 

 

 

 

 

 

3Total number of qualifying persons you are claiming. .................................................................................................................

List in order from youngest to oldest. (If you are claiming more than five qualifying persons, see instructions.)

3

A

 

B

 

C

 

D

E

F

 

 

Person

First

 

Last

 

Qualified

Social Security

Date of birth

 

Suffix

 

with

name

MI

name

expenses paid

disability

number

(mmddyyyy)

 

 

 

 

 

(SEE INSTR.)

 

 

 

 

 

 

.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Note: If you are claiming expenses paid for a dependent child, include only those qualified expenses paid through the day preceding the child’s 13th birthday.

3a

Total of line 3, column C amounts. Include amounts from additional sheet(s), if any

............................

3a

 

.00

 

Enter the amount from Worksheet 1, line 16, if applicable (SEE INSTR.)

 

 

 

 

 

 

 

 

 

3b

3b

 

.00

 

 

 

 

 

 

4

Can you claim an exemption for all the qualified persons listed on line 3 and any additional sheet(s)?

 

Yes

 

No

 

 

5Enter the smallest of:

line 3a above; or

line 3b above; or

3,000 if one qualifying person, 6,000 if two qualifying persons, 7,500 if three qualifying persons,

8,500 if four qualifying persons, or 9,000 if five or more qualifying persons

5

6 Enter your earned income (SEE INSTRUCTIONS)

6

7If your filing status is Married filing joint return, enter your spouse’s earned income;

 

all others, enter the amount from line 6 (SEE INSTRUCTIONS)

 

 

 

7

8

Enter the smallest of line 5, 6, or 7

 

 

 

8

9

Enter the amount from Form IT-201, line 19a or IT-203,

 

 

 

 

 

line 19a, Federal amount column

9

 

.00

 

10

Enter the decimal amount that applies to the amount on line 9 from the Table for line 10 in the instr. ..

10

11

Multiply line 8 by the decimal amount on line 10 (enter here and on line 12 on the back)

...........................

11

Whole dollars only

.00

.00

.00

.00

.00

216001210094

IT-216 (2021) (back)

 

12

Amount from line 11

12

13

Enter your New York adjusted gross income (Form IT-201 filers,

 

 

line 33; Form IT-203 filers, line 32)

.00

 

Use the New York State child and dependent care

 

 

credit limitation table in the instructions to determine the decimal to be entered on this line

13

14Multiply line 12 by the decimal amount on line 13. This is your New York State child and dependent

 

care credit (SEE INSTRUCTIONS)

14

Part-year New York State residents

 

15

Enter the amount from Form IT-203, line 40

15

 

If line 15 is equal to or more than line 14, stop. You do not have excess credit.

 

 

If line 15 is less than line 14, continue on line 16 below.

 

16

Subtract line 15 from line 14. This is your excess child and dependent care credit

16

17Enter the amount from Form IT-203-ATT, line 29 (If you are not required to file Form IT-203-ATT, leave

blank and continue on line 18 below.)

17

If line 17 is equal to or more than line 16, stop. Do not continue with this worksheet. Enter the line 16 amount

 

on Form IT-203-ATT, line 30.

 

If line 17 is less than line 16, enter the line 16 amount on Form IT-203-ATT, line 30, and continue on line 18 below.

 

18Subtract line 17 from line 16. This is your remaining excess child and dependent care credit .... 18

19Amount from line 19, Column D, of Part-year resident income allocation worksheet, in Form IT-203-I

If you did not file Form IT-558, enter this amount (SEE INSTRUCTIONS)

If you filed Form IT-558, add to or subtract from this amount any

amounts on line 2 and line 4 of Line 19a New York State

 

 

amount column worksheet, in Form IT-203-I (that is related

 

 

to your NYS resident period), and enter the result. (SEE INSTR.)

19

.00

20 Enter the amount from Form IT-203, line 19a,

 

 

Federal amount column

20

.00

21Divide line 19 by line 20 (round the result to the fourth decimal place).

This amount cannot exceed 100% (1.0000) (SEE INSTRUCTIONS)

21

22Multiply line 18 by line 21. Enter the result here and on Form IT-203-ATT, line 9. This is the

refundable portion of your New York State part-year resident child and dependent care credit. 22

New York City child and dependent care credit

If you were a resident of New York City at any time during the tax year and your recomputed federal adjusted gross income is $30,000 or less (see NOTE under New York City credit on page 1 of the instructions) and you listed

achild under 4 years old as of December 31, on line 3, complete line 23 and see page 6 of the instructions.

23

Enter the portion of the total expenses from line 3a that was paid for children under 4 years old

23

IT-201 filers:

 

24

Refundable New York City child and dependent care credit (from Worksheet 2, line 7 or line 13)

24

25

Add lines 14 and 24; also enter this amount on Form IT-201, line 64

25

26Part-year New York City resident nonrefundable New York City child and dependent care credit

(from Worksheet 2, line 8); also enter this amount on Form IT-201-ATT, line 9a

26

IT-203 filers:

27Nonrefundable portion of your part-year New York City resident New York City child and dependent

care credit (from Worksheet 2, line 8); also enter this amount on Form IT-203, line 52

27

28Refundable portion of your part-year New York City resident New York City child and dependent

 

care credit (from Worksheet 2, line 13); also enter this amount on Form IT-203-ATT, line 9a

28

Part-year New York City resident filers only:

 

29

Enter the amount from Worksheet 2, line 10

29

30

Enter the amount from Worksheet 2, line 11

30

.00

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.00

.00

.00

.00

.00

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.00

216002210094

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With regards to the blanks of this precise form, here is what you should know:

1. Begin completing your Form It 216 with a selection of essential fields. Note all of the important information and make sure absolutely nothing is neglected!

The best way to prepare Form It 216 step 1

2. The subsequent stage is usually to fill in these particular blanks: Note If you are claiming expenses, b Enter the amount from Worksheet, line a above or line b above or, if one qualifying person if, Enter the smallest of if four, line a Federal amount column, and Whole dollars only.

How to fill in Form It 216 portion 2

3. Your next stage is generally straightforward - fill in all the empty fields in Amount from line Enter your, Partyear New York State residents, If line is equal to or more than, blank and continue on line below, Enter the amount from Form IT, amounts on line and line of Line, and to your NYS resident period and to complete this process.

Form It 216 writing process clarified (portion 3)

It is possible to make errors while filling out your Amount from line Enter your, so be sure you go through it again prior to deciding to submit it.

4. To move onward, the next stage requires filling out a couple of blanks. Included in these are Enter the amount from Form IT, amounts on line and line of Line, This amount cannot exceed see, refundable portion of your New, Federal amount column, to your NYS resident period and, New York City child and dependent, If you were a resident of New York, Enter the portion of the total, IT filers Refundable New York, Partyear New York City resident, from Worksheet line also enter, care credit from Worksheet line, and IT filers Nonrefundable portion, which you'll find vital to carrying on with this document.

Tips to fill in Form It 216 portion 4

5. Because you near the completion of your form, there are actually just a few extra requirements that must be met. Mainly, care credit from Worksheet line, IT filers Nonrefundable portion, and care credit from Worksheet line should all be done.

Filling in segment 5 in Form It 216

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