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How to use or fill out New York State Department of Taxation and Finance Credit for Employment of Persons with Disabilities
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Click ‘Get Form’ to open it in the editor.
Begin by entering your identifying number and name as shown on your tax return at the top of the form.
Proceed to Schedule A, where you will compute the credit on qualified first-year wages. Fill in the details for each qualified employee, including their Social Security number and the one-year period for qualified wages.
Calculate the total wages paid during the tax year for services rendered, ensuring you adhere to the $6,000 limit per employee. Multiply this amount by the tax credit percentage (35%) to find your tax credit on qualified first-year wages.
Move to Part 2 for second-year wages, repeating similar steps as in Part 1. Ensure not to include employees listed in Part 1.
Complete Schedule B if applicable, providing information about partnerships or S corporations you are involved with.
Finally, review all sections for accuracy before submitting your completed form with your tax return.
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Fill out New York State Department of Taxation and Finance Credit for Employment of Persons with Disabilities online It's free
What is the maximum amount for a disability tax credit?
Disability Tax Credit Amounts The maximum federal amount for 2025 is $9,872, and the maximum supplement for children under 18 is $5,758. The child supplement is in addition to the Canada Child Benefit and Child Disability Benefit, but it is not a replacement, so make sure youre utilizing both.
What is an employee with a disability defined in the employment Equity Act?
Definition of a Disabled Person According to the Employment Equity Act, a disabled person is defined as an individual who has a long-term or recurring physical or mental impairment that substantially limits their prospects of entry into, or advancement in, employment.
How does the disability tax credit reduce my taxes?
A tax credit is deducted from your tax liability, which is the amount of money you owe to the IRS. For example, if you owe $3,000 in taxes and qualify for a $1,000 disability tax credit, the applied tax credit would reduce your tax liability to $2,000.
How much is NY disability tax?
As of 2025, the NY SDI contribution rate is computed at 0.5% of the employees weekly wages, but capped at $0.60 per week. This rate has remained unchanged for several years, making it one of the more predictable aspects of New York payroll compliance.
What is the NYS disability tax credit?
About. The Workers With Disabilities Tax Credits encourages employers to hire people with disabilities. The credit is up to $2,100 per person hired, per year. It can be used used with the Work Opportunity Tax Credit.
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However, youre usually considered disabled for tax purposes if either of these applies: Youre unable to engage in any gainful activity due to physical or mental impairment. Your impairment is expected to result in death or last for a long or indefinite period.
Related links
2010 NEW YORK STATE REFERENCE MANUAL FOR
Oct 1, 2010 □ Employment of persons with disabilities credit. □ Farmers school tax credit. □ Fuel cell electric generating equipment credit. □ Green
Credit for employment of persons with disabilities - Tax.NY.gov.
Dec 20, 2023 You are entitled to this nonrefundable credit if you or your business employed a qualified employee within New York State who is certified by:.
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