Instructions For Form It-214 - Claim For Real Property Tax Credit For Homeowners And Renters - New York State Department Of Taxation And Finance - 2005
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4IT-214-I
New York State Department of Taxation and Finance
Instructions for Form IT-214
Claim for Real Property Tax Credit for Homeowners and Renters
Definitions
pensions reduced by any Medicare
This form may be e-filed as an
premiums deducted from your benefit
attachment to an e-filed return;
Members of your household include all
reported on Federal Form SSA-1099, Social
you cannot e-file this form by
who share your residence and its furnishings,
Security Benefit Statement.
itself.
facilities, and accommodations whether they
Household gross income does not include food
are related to you or not.
Real property tax credit
stamps, medicare, medicaid, scholarships,
However, tenants, subtenants, roomers, or
If your household gross income was $18,000
grants, surplus food, or other relief in kind.
boarders are not members of your household
or less, you may be entitled to a credit on your
It also does not include payments made to
unless they are related to you in one of the
New York State income tax return for part of
veterans under the Federal Veterans’ Dioxin
following ways:
the real property taxes or rent you paid during
and Radiation Exposure Compensation
2005. If you do not have to file a return, you
— a son, daughter, or a descendent of either;
Standards Act because of exposure to
can file for a refund of the credit by using
— a stepson or stepdaughter;
herbicides containing dioxin (agent orange),
Form IT-214 only.
or pursuant to certain agent orange product
— a brother, sister, stepbrother, or stepsister;
liability litigation.
— a father, mother, or an ancestor of either;
Who qualifies
Also, household gross income does not include
— a stepfather or stepmother;
Homeowners — To qualify for the real
payments made to individuals because of
— a niece or nephew;
property tax credit, you must meet all of these
their status as victims of Nazi persecution as
conditions for tax year 2005:
— an aunt or uncle;
defined in federal Public Law 103-286.
— your household gross income was $18,000
— a son-in-law, daughter-in-law, father-in-law,
A residence is a dwelling that you own or rent,
or less;
mother-in-law, brother-in-law, or sister-in-law.
and up to one acre of land around it. It must be
— you occupied the same New York residence
No one can be a member of more than one
located in New York State. If your residence is
for six months or more;
household at one time.
on more than one acre of land, only the amount
— you or your spouse paid real property taxes
of real property taxes or rent paid that applies
Household gross income is the annual total
on your residence;
to the residence and only one acre around
of the following income items that you and all
— you were a New York State resident for all
it may be used to figure the credit. (If you do
members of your household received during
of 2005;
not know how much rent or real property tax
2005:
you paid for the one acre surrounding your
— you could not be claimed as a dependent
— Federal adjusted gross income (even if you
residence, contact your local assessor.) Each
on another taxpayer’s federal income tax
don’t have to file a federal return).
residence within a multiple dwelling unit may
return;
— New York State additions to federal
qualify. A condominium, a cooperative, or a
— your residence was not completely
adjusted gross income. For a list of these
rental unit within a single dwelling is also a
exempted from real property taxes;
additions, see Publication 22, General
residence.
— the current market value of all real property
Information on New York State’s Real
A trailer or mobile home that is used only for
(house(s), garage(s), land, etc.) you owned
Property Tax Credit for Homeowners and
residential purposes is also a residence if the
was $85,000 or less; and
Renters, or the instructions for Form IT-201.
trailer or mobile home is assessed for real
— any rent you received for nonresidential use
For Form IT-150 filers, the New York State
property tax purposes.
of your residence was 20% or less of the
additions to federal adjusted gross income
total rent you received.
Real property taxes paid are all current, prior,
are shown on Form IT-150, lines 12 through
and prepaid real property taxes, special ad
14. For Form IT-201 filers, the New York
Renters — To qualify for the real property tax
valorem levies and assessments levied and
State additions to federal adjusted gross
credit, you must meet all of these conditions for
paid upon a residence owned or previously
income are shown on Form IT-201, lines 20
tax year 2005:
owned by a qualified taxpayer (or spouse, if the
through 23.
— your household gross income was $18,000
spouse occupied the residence for at least six
— Support money, including foster care
or less;
months) during the tax year. You may elect to
support payments.
— you occupied the same New York residence
include real property taxes that are exempted
— Income earned abroad exempted by
for six months or more;
from tax under section 467 (for persons 65 and
section 911 of the Internal Revenue Code
older) of the Real Property Tax Law (veterans’
— you or your spouse paid rent for your
(IRC).
tax exemption does not qualify). If you do not
residence;
— Supplemental security income (SSI)
know this amount, contact your local assessor.
— you were a New York State resident for all
payments.
of 2005;
Real property taxes paid also include any
— Nontaxable interest received from New York
real estate taxes allowed (or which would
— you could not be claimed as a dependent
State, its agencies, instrumentalities, public
be allowable if the taxpayer had filed a
on another taxpayer’s federal income tax
corporations, or political subdivisions.
return on a cash basis) as a deduction for
return;
— Workers’ compensation.
tenant-stockholders in a cooperative housing
— your residence was not completely
— The gross amount of loss-of-time insurance.
corporation under section 216 of the IRC.
exempted from real property taxes;
(For example, an accident or health
If any part of your residence was owned by
— the current market value of all real property
insurance policy and disability benefits
someone who was not a member of your
(house(s), garage(s), land, etc.) you owned
received under a no-fault automobile policy,
household, include only the real property
was $85,000 or less; and
etc.).
taxes paid that apply to the part you and other
— the average monthly rent you and other
— Cash public assistance and relief, other
qualified members of your household own.
members of your household paid was $450
than medical assistance for the needy (for
or less, not counting charges for heat, gas,
If your residence was part of a larger unit,
example, cash grants to clients, emergency
electricity, furnishings, or board.
include only the amount of real property taxes
aid to adults, value of food vouchers
paid that can be reasonably applied to your
received by clients, etc.). Do not include
If you meet all of these conditions as a
residence.
amounts received from the Home Energy
homeowner or renter, you are a qualified
Assistance Program (HEAP).
If you owned and occupied more than one
taxpayer and may be entitled to the real
residence during the tax year, add together the
property tax credit.
— Nontaxable strike benefits.
prorated part of real property taxes paid for the
— The gross amount of pensions and
You cannot file a 2005 real property tax
period you occupied each residence.
annuities, including railroad retirement
credit claim form for a taxpayer who died in
benefits.
Rent constituting real property taxes paid
2005.
is 25% of the adjusted rent paid on a New York
— All payments received under the Social
residence during the tax year.
Security Act and veterans disability
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