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To be eligible to claim this credit, you must meet all of the following conditions for the 2023 tax year: Your household gross income was $18,000 or less. You occupied the same New York residence for six months or more. You were a New York State resident for all of 2023.
The state Legislature enacted the real property tax credit to help senior citizens and lower- income households cope with their property tax burden. If your gross income is $18,000 or less and you pay $450 or less for rent or own your home, you may qualify for a tax credit.
Form IT-214, Claim for Real Property Tax Credit.
How much is the credit? The amount of the credit is the product of the amount of real property tax which exceeds 6% of the taxpayers qualified gross income (QGI), and a specified rate based on the taxpayers QGI. To claim the credit, the computed amount must exceed $250. The maximum credit allowed is $350.
Complete Form NYC-208, Claim for New York City Enhanced Real Property Tax Credit for Homeowners and Renters, and submit it with your New York State personal income tax return, Form IT-201.

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Resident Income Tax Return, for Full-Year State Residents Only. Used by Form IT-201 filers who claim certain other credits, or who owe certain other taxes that are not reported directly on Form IT-201. The instructions are included with the Form IT-201 instructions.

it 214 form 2022