Form it 604 Claim for QEZE Tax Reduction Credit Tax Year 2026

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How to use or fill out Form IT-604 Claim for QEZE Tax Reduction Credit Tax Year

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering your tax period at the top of the form, specifying the beginning and ending dates.
  3. Fill in your name(s) as shown on your return and provide your taxpayer identification number.
  4. Indicate the name of the empire zone (EZ) and enter the employer identification number (EIN) of your Qualified Empire Zone Enterprise (QEZE).
  5. Complete either Section 1 or Section 2 based on when your QEZE was certified. Ensure not to fill both sections.
  6. For Section 1, provide employment numbers for current and base periods, ensuring you follow instructions for calculations.
  7. In Schedule A, compute employment numbers within all EZs and ensure they meet eligibility criteria.
  8. Review all entries for accuracy before submitting with your tax return forms IT-201, IT-203, IT-204, or IT-205.

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Form 67 can only be submitted online on the e-Filing portal. After logging into the e-Filing portal, select Form 67, prepare and submit the form.
Tax credits directly reduce the amount of tax you owe, while tax deductions reduce your taxable income. For example, a tax credit of $1,000 lowers your tax bill by that same $1,000. On the other hand, a $1,000 tax deduction lowers your taxable income (the amount of income on which you owe taxes) by $1,000.

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