It 215 Form PDF Details

The IT-215 form serves as a crucial document for residents in New York, enabling them to claim both state and city earned income credits alongside their primary tax filings. Specifically designed to work in conjunction with Forms IT-201 or IT-203, the IT-215 form asks filers to provide details that determine their eligibility for the credits, such as their investment income levels and whether they have claimed qualifying children on their federal Schedule EIC. Moreover, the form accommodates various scenarios, including those filing as part-year residents, by providing detailed instructions on calculating and reporting the correct amounts. For individuals receiving assistance from the IRS in figuring their federal earned income credit (EIC), the IT-215 outlines the necessary steps to ensure the Tax Department accurately computes their state and, if applicable, city credits. Furthermore, the form includes provisions for diverse situations, like receiving taxable scholarships or undergoing changes that necessitate filing an amended New York State return. By meticulously detailing income, federal adjusted gross income, and the specific rates applicable for calculating the New York State earned income credit (NYS EIC), the form acts as a gateway to potentially significant tax relief for eligible filers, bolstering their financial well-being.

QuestionAnswer
Form NameIt 215 Form
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other names2012 new york it 215 it 215 form 2015

Form Preview Example

New York State Department of Taxation and Finance

Claim for Earned Income Credit

New York State • New York City

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

IT-215

Name(s) as shown on return

Your social security number

1 Did you claim the federal earned income credit? If No, stop; you do not qualify for these credits. .......................

2 Is your investment income (see instructions) greater than $3,200? If Yes, stop; you do not qualify for these credits. .......

3 Have you already iled your New York State income tax return? If Yes, you must ile an amended NYS return.........

4 Did you claim qualifying children on your federal Schedule EIC? If No, continue with line 5.

If Yes, in the spaces below, list up to three of the same children you claimed on federal Schedule EIC. ................

If you claimed more than three, see instructions.

1

2

3

4

Yes

Yes

Yes

Yes

No

No

No

No

First name and

middle initial

Last name

Relationship

Number of

months lived

with you

Person Full-time with student* disability*

Social security number

Date of birth

(mm-dd-yyyy)

*Mark an X in these boxes only if you checked Yes in the same box on your federal Schedule EIC (box 4a or 4b).

5Is the IRS iguring your federal earned income credit (EIC) for you? If Yes, complete lines 6 through 9 (also lines 21, 23, and 24 if you are a part-year New York State resident, and line 28 if you are a part-year New York City resident). The Tax Department will compute your New York State and, if applicable, your New York City earned income credit for you. If No, complete lines 6 through 17 (and lines 18 through 26 if you are a part-year New York State resident). New York City residents must complete the New York City earned income credit Worksheet C on

page 3 of Form IT-215-I. Part-year New York City residents must also complete line 28 on the back of this claim form. .....

5

Yes

 

No

Whole dollars only

6 Wages, salaries, tips, etc., from Worksheet A line 3, on page 2 of the instructions, Form IT-215-I. ............................

7If you received a taxable scholarship or fellowship grant, or if you were paid any amount as an inmate in a penal institution for work, or if you received an amount as a pension or annuity from a nonqualiied deferred

compensation plan or a nongovernmental section 457 plan, enter that amount here (see instructions) ......................

8 Business income or loss (from your federal Form 1040 line instructions, Earned Income Credit Worksheet B, lines 1e, 2c, and 3) ...

Employer identiication number (see instructions)...

9Enter your federal adjusted gross income

(from Form IT-201, line 19, or Form IT-203, line 19, Federal amount column) .........................................................................

10Amount of federal EIC claimed (from federal Form 1040EZ, line 8a; Form 1040A, line 38a; or Form 1040, line 64a)

11New York State earned income credit (NYS EIC) rate 30% (.30) .................................................................................

12Tentative NYS EIC (multiply line 10 by line 11; see instructions) .........................................................................................................

6

7

8

9

10

11

12

.00

.00

.00

.00

.00

.30

.00

Complete Worksheet B on the back page before continuing.

13

Enter the amount from Worksheet B, line 5, on the back of this form

13

.00

14

New York State household credit (from Form IT-201, line 40, or Form IT-203, line 39) ..

14

.00

15Enter the smaller of line 13 or line 14 ...........................................................................................................................

16Allowable New York State earned income credit (subtract line 15 from line 12; see instructions) ....................................

17If your New York State iling status is , Married iling separate return, complete line 17. The NYS EIC on

line 16 above can be divided between spouses in any manner you wish. Enter on line 17 the amount

of NYS EIC from line 16 you are claiming, and also enter your joint federal adjusted gross income below. ................

Federal adjusted gross income (from federal Form 1040EZ, line 4;

Form 1040A, line 22; or Form 1040, line 38)

.00

15

16

17

.00

.00

.00

215001120094

IT-215 (2012) (back)

Part-year New York State resident earned income credit

Lines 18 through 26 apply only to part-year New York State residents claiming the New York State earned income credit.

18

Enter your New York State earned income credit (from line 16 or line 17)

18

19

Enter the amount from Form IT-203, line 42

19

–If line 19 is equal to or more than line 18, stop. You do not have excess New York State earned income credit.

–If line 19 is less than line 18, continue on line 20 below.

20

Excess New York State earned income credit (subtract line 19 from line 18)

20

21

Enter the amount from Form IT-203-ATT, line 31 (If you do not have to ile Form IT-203-ATT, leave blank and continue on line 22 below.)

21

–If Form IT-215, line 21, is equal to or more than Form IT-215, line 20, stop. Do not continue with this computation. Enter the amount from line 20 above on Form IT-203-ATT, line 32.

–If Form IT-215, line 21, is less than Form IT-215, line 20, enter the amount from line 20 above on Form IT-203-ATT, line 32, and continue on line 22 below.

22

. ...................Subtract line 21 from line 20. This is your remaining excess New York State earned income credit

22

23

Enter the amount from line 19, Column D, of the Part-year resident

 

 

 

 

 

income allocation worksheet in your Form IT-203 instruction booklet

23

 

.00

 

24

Enter the amount from line 19, Column A, of the Part-year resident

 

 

 

 

 

income allocation worksheet in your Form IT-203 instruction booklet

24

 

.00

 

25

Divide line 23 by line 24 (round the result to the fourth decimal place). This amount cannot exceed 100% (1.0000)

 

25

26

Multiply line 22 by line 25. Enter the result here and on Form IT-203-ATT, line 10.

 

 

 

 

 

. ..................This is the refundable portion of your part-year New York State resident earned income credit

26

New York City earned income credit (full-year and part-year New York City residents)

27From Worksheet C, New York City earned income credit, on page 3 of Form IT-215-I, Instructions for

. ..Form IT-215. Enter here and on Form IT-201, line 70, or Form IT-203-ATT, line 11

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

 

 

27

Part-year New York City residents must also complete line 28 below.

 

 

 

 

 

28 Part-year New York City adjusted gross income

 

 

 

 

 

Enter the amounts from Worksheet C, lines 6 and 7

28A

.00

 

 

28B

Worksheet B

1

New York State tax (from Form IT-201, line 39, or Form IT-203, line 38)

 

 

 

1

 

2

Resident credit (see instructions)

2

 

.00

 

 

3

Accumulation distribution credit (see instructions)

3

 

.00

 

 

4

Add lines 2 and 3

 

 

 

4

 

 

 

 

 

5

.Subtract line 4 from line 1. (If line 4 is more than line 1, enter 0.) Enter here and on line 13 on the front of this form

.........

5

 

 

 

 

 

 

 

 

.00

.00

.00

.00

.00

.00

.00

.00

.00

.00

.00

215002120094

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1. When filling in the It 215 Form, make sure to complete all of the important fields within the corresponding part. This will help speed up the work, allowing your details to be processed swiftly and correctly.

Tips to fill in It 215 Form stage 1

2. Just after filling out the previous section, head on to the subsequent part and enter the essential details in all these blank fields - resident New York City residents, page of Form ITI Partyear New, Wages salaries tips etc from, If you received a taxable, Employer identiication number see, Enter your federal adjusted gross, from Form IT line or Form IT line, Amount of federal EIC claimed, New York State earned income, Tentative NYS EIC multiply line, Complete Worksheet B on the back, Enter the amount from Worksheet B, New York State household credit, Enter the smaller of line or, and Allowable New York State earned.

Tentative NYS EIC multiply line, New York State household credit, and New York State earned income inside It 215 Form

3. This 3rd step should also be fairly easy, Lines through apply only to, residents claiming the New York, Enter your New York State earned, Enter the amount from Form IT, If line is equal to or more than, Excess New York State earned, If Form IT line is equal to or, with this computation Enter the, If Form IT line is less than Form, Form ITATT line and continue on, Subtract line from line This is, income allocation worksheet in, income allocation worksheet in, Divide line by line round the, and Multiply line by line Enter the - these empty fields will need to be filled in here.

Divide line by line round the, Lines through apply only to, and Enter your New York State earned of It 215 Form

Many people generally make some mistakes while filling in Divide line by line round the in this area. You should revise whatever you enter here.

4. The following part requires your details in the following parts: Partyear New York City adjusted, Enter the amounts from Worksheet C, Worksheet B, Resident credit see instructions, New York State tax from Form IT, Accumulation distribution credit, and Subtract line from line If line. Ensure that you fill out all requested info to move forward.

Subtract line from line If line, New York State tax from Form IT, and Partyear New York City adjusted inside It 215 Form

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