New York State Department of Taxation and Finance Instructions for Form IT-237 IT-237-I Claim for Hi 2025

See details

4 out of 5

46 votes

The document provides instructions for claiming the New York State Historic Homeownership Rehabilitation Credit (Form IT-237) for tax year 2010. Key updates include an increased credit limit from $25,000 to $50,000, a revised definition of qualified historic homes, and provisions for refundable credits for certain taxpayers. The credit is available to homeowners who rehabilitate certified historic structures in New York State and is administered by the Office of Parks, Recreation and Historic Preservation. It outlines eligibility criteria, the calculation of the credit based on rehabilitation expenditures, and specific filing instructions.

Here's how it works

01. Edit your it 237 instructions 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 New York State Department of Taxation and Finance Instructions for Form IT-237 IT-237-I Claim for Hi 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 property information in Part 1. Ensure you accurately reflect the expenditures as shown on the Certificate of Completion (COC).
In Schedule B, compute your credit. If you are the sole owner residing in the home, enter 100% of your expenditures. If sharing ownership, enter only your share.
For married couples, decide how to divide the credit. Each spouse can claim up to $50,000 based on their agreement.
Proceed to Part 2 to apply your credit against your tax liability. Follow the order of credits as specified in the instructions.
Finally, complete Part 3 if applicable, detailing any recapture of credits if you no longer reside in the historic home.

Start using our platform today for free to streamline your form completion process!

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.

Why would the Department of Taxation and Finance send me a letter?

Most IRS letters and notices are about federal tax returns or tax accounts. Each notice deals with a specific issue and includes any steps the taxpayer needs to take. A notice may reference changes to a taxpayers account, taxes owed, a payment request or a specific issue on a tax return.

Why am I getting a letter from New York State Department of Taxation and Finance?

We may communicate with you by mail for many reasons, including: to send you a check for your refund or an additional payment; to let you know we adjusted your refund; to request information that supports what you reported on a return; and.

What is the New York state historic homeowner tax credit program?

The Historic Homeownership Rehabilitation Credit program offers a state income tax credit equal to 20% of qualified rehabilitation expenses associated with repair, maintenance, and upgrades to historic homes. The value of the credit is applied to your NYS tax liability to reduce the amount you owe.

Why am I getting a certified letter from NYS Department of Taxation and Finance?

Typically, we send this letter if we need to verify: your amounts of wages and withholding, your residency, your eligibility for refundable tax credits, or.

Which form is used to claim the New York state resident credit?

If you paid tax to more than one other taxing authority during your New York State resident period, use a separate Form IT-112-R for each credit.

Where to get New York state tax forms?

Visit the Department of Taxation and Finance website. Download State tax forms.

Why would I get a certified letter from the Department of Taxation?

Some common reasons for certified letters include an outstanding balance, refund issues, return questions, identification verification, missing information, return changes, and processing delays.

New York State Department of Taxation and Finance Instructions for Form IT-237 IT-237-I Claim for Hi 2025

Here's how it works

How to use or fill out New York State Department of Taxation and Finance Instructions for Form IT-237 IT-237-I Claim for Hi with our platform

Complete this form in 5 minutes or less

Got questions?

Why would the Department of Taxation and Finance send me a letter?

Why am I getting a letter from New York State Department of Taxation and Finance?

What is the New York state historic homeowner tax credit program?

Why am I getting a certified letter from NYS Department of Taxation and Finance?

Which form is used to claim the New York state resident credit?

Complete this form in 5 minutes or less

People also ask

Where to get New York state tax forms?

Why would I get a certified letter from the Department of Taxation?

Related links

Try more PDF tools

New York State Department of Taxation and Finance Instructions for Form IT-237 IT-237-I Claim for Hi 2025

Here's how it works

How to use or fill out New York State Department of Taxation and Finance Instructions for Form IT-237 IT-237-I Claim for Hi with our platform

Complete this form in 5 minutes or less

Got questions?

Why would the Department of Taxation and Finance send me a letter?

Why am I getting a letter from New York State Department of Taxation and Finance?

What is the New York state historic homeowner tax credit program?

Why am I getting a certified letter from NYS Department of Taxation and Finance?

Which form is used to claim the New York state resident credit?

Related Searches

Related forms

Complete this form in 5 minutes or less

People also ask

Where to get New York state tax forms?

Why would I get a certified letter from the Department of Taxation?

Related links

Try more PDF tools