It249 2026

See details

3.8 out of 5

33 votes

The document IT-249 is a tax form from the New York Department of Taxation and Finance for claiming a credit for long-term care insurance premiums under Tax Law Section 606(aa). It includes schedules for individuals, partnerships, and fiduciaries to report qualified premiums paid, calculate the credit amount, and provide necessary information about partnerships or S corporations. The form outlines how to compute the total credit available for the current year and includes specific instructions for full-year residents, nonresidents, and part-year residents.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out it249 with our platform

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Click ‘Get Form’ to open it in the editor.
Begin by entering your name and identifying number as shown on your tax return at the top of the form.
Proceed to Schedule A. Input the qualified long-term care insurance premiums paid for the current tax year in line 1, then calculate and enter the credit amount in line 3 by multiplying line 1 by the credit rate (20%).
If applicable, complete Schedule B with details about any partnerships or S corporations you are involved with, including their names and employer ID numbers.
In Schedule C, enter your share of credits from partnerships or S corporations in lines 4 through 7 as instructed.
Complete Schedule D by providing beneficiary information and entering total credits from previous schedules.
Finally, compute your total credit available for the current year in Schedule E by adding amounts from previous schedules.

Start using our platform today to easily fill out your it249 form online for free!

See more it249 versions

We've got more versions of the it249 form. Select the right it249 version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2023	4.2 Satisfied (57 Votes)
2022	4.4 Satisfied (54 Votes)
2021	4.9 Satisfied (52 Votes)
2020	3.8 Satisfied (33 Votes)
2019	4.2 Satisfied (30 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Is tax payment plan worth it?

An installment plan allows you to pay your taxes over time while avoiding garnishments, levies or other collection actions. Youll still owe penalties and interest for paying your taxes late, but it can help make the payments more affordable.

What is the NYS tax payment plan?

A state of New York tax payment plan is available to any taxpayer owing $20,000 or less. A plan can include up to 36 monthly payments. Once accepted, your account will still accrue all penalties and interest on your unpaid balance for the full life of your IPA.

What is the tax credit for long term care insurance in NY?

The allowable credit is 20% of the premiums paid during the tax year for the purchase of, or for continuing coverage under a qualifying long-term care insurance policy. Note: For individual taxpayers (including nonresident and part-year resident taxpayers) the credit amount cannot exceed $1,500.

What happens if I cant pay my NYS taxes?

If you do not pay your tax when due, we will charge you a penalty in addition to interest. The penalty may be waived if you can show reasonable cause for paying late. The penalty charge is: 0.5% of the unpaid amount for each month (or part of a month) it is not paid, up to a maximum of 25%

How does payment plan work for taxes?

A payment plan is an agreement with the IRS to pay the taxes you owe within an extended timeframe. You should request a payment plan if you believe you will be able to pay your taxes in full within the extended time frame. If you qualify for a short-term payment plan you will not be liable for a user fee.

Complete this form in 5 minutes or less

Get form

What is the New York State tax relief program?

STAR is the New York State School Tax Relief program that provides an exemption on a portion of school property taxes, or a rebate check, for owner-occupied primary residences. There are 2 types of STAR exemptions or rebate checks - basic and enhanced. View yearly STAR exemption amounts.

It249 2026

Here's how it works

How to use or fill out it249 with our platform

See more it249 versions

Complete this form in 5 minutes or less

Got questions?

Is tax payment plan worth it?

What is the NYS tax payment plan?

What is the tax credit for long term care insurance in NY?

What happens if I cant pay my NYS taxes?

How does payment plan work for taxes?

Complete this form in 5 minutes or less

People also ask

What is the New York State tax relief program?

Related links

Try more PDF tools

It249 2026

Here's how it works

How to use or fill out it249 with our platform

See more it249 versions

Complete this form in 5 minutes or less

Got questions?

Is tax payment plan worth it?

What is the NYS tax payment plan?

What is the tax credit for long term care insurance in NY?

What happens if I cant pay my NYS taxes?

How does payment plan work for taxes?

Related Searches

Related forms

Complete this form in 5 minutes or less

People also ask

What is the New York State tax relief program?

Related links

Try more PDF tools