Printable 2020 New York Form IT-602 (Claim for EZ Capital Tax Credit.)-2026

1. Click ‘Get Form’ to open it in the editor.
2. Begin by entering your name(s) as shown on your tax return and your identifying number in the designated fields at the top of the form.
3. Proceed to Schedule A. Calculate your tax from Form IT-201, IT-203, or IT-205 and enter this amount on line 1. Multiply this figure by 50% and place the result on line 2.
4. Move to Schedule B. Enter any carryover credit from last year’s Form IT-602 on line 3. On line 4, input the lesser amount between line 2 and line 3 for your available credit this year.
5. For lines 5 and 6, enter your tax due before credits and any credits claimed prior to this one, respectively. Calculate net tax by subtracting line 6 from line 5 and record it on line 7.
6. On line 8, indicate the amount of credit used for the current tax year, which should be the lesser of line 4 or line 7. Finally, calculate any remaining credit available for carryover to next year on line 9.

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