What type of credits are available on my New York return?

The following credits are available to qualifying New York taxpayers.

Long Term Care Insurance Credit

New York allows eligible taxpayers to claim 20% of the premiums paid during the tax year for a qualifying long-term care insurance policy.

Volunteer Firefighters and Ambulance Workers Credit

Taxpayers are entitled to claim this credit if you:

• were an active volunteer firefighter or volunteer ambulance worker, and
• were a resident of New York State.

NY Investment Credit

You may be eligible for this credit if you or your business placed qualified property into service during the tax year.

Farmers School Tax Credit

If you engaged in the business of farming and paid school district property taxes on qualified agricultural property during the tax year, you may be eligible to claim this credit.

Clean Heating Fuel Credit

Taxpayers may be eligible to claim this credit if you purchased bioheating fuel to be used for space heating or hot water production for residential purposes within New York State. 

Solar Energy System Credit

Taxpayers may be eligible to claim 25% of their qualified solar energy system equipment expenditures with this credit if you:

• purchased solar energy system equipment,
• entered into a written agreement for the lease of solar energy system equipment, or
• entered into a written agreement that spans at least ten years for the purchase of power generated by solar energy system equipment not owned by you.

Claim for Nursing Home Assessment Credit

If you paid the nursing home assessment imposed on a New York State nursing home, you may be eligible to claim this credit.

Restaurant Return-to-Work Credit (2021 returns only)

You may be entitled to this credit on your 2021 NY state return if your small business:

• is a New York State restaurant that suffered economic harm as a result of the COVID-19 pandemic, and
• has demonstrated a net employee increase, and
• applied for and received a certificate of tax credit from Empire State Development (ESD). 

College Tuition Credit

To determine your eligibility to claim this credit, please refer to the question below:

Did you or your spouse or your dependent(s) pay college tuition expenses during 2024?

• If you answered NO, you are not eligible to claim this credit.
• If you answered YES, and you did not claim the college tuition deduction on Form IT-196, complete Form IT-272 to determine your credit amount.

Noncustodial Parent New York State Earned Income Credit (EIC)

To determine your eligibility to claim this credit, please refer to the question below:

Did you make child support payments payable through New York State Support Collection Unit?

• If you answered NO, you are not eligible to claim this credit.
• If you answered YES, please refer to the instructions for Form IT-209 to determine if you qualify for this credit.

Real Property Tax Credit

To be eligible to claim this credit, you must meet all of the following conditions for the 2024 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 2024.
• You could not be claimed as a dependent on another taxpayer's federal income tax return.
• Your residence was not completely exempted from real property taxes.
• The current market value of all real property you owned, such as houses, garages, and land, was $85,000 or less.
• You must also meet all the conditions listed under either Homeowners or Renters below:
  • Homeowners:
    • You or your spouse paid real property taxes.
    • Any rent you received for nonresidential use of your residence was 20% or less of the total rent you received.
  • Renters:
    • You or a member of your household paid rent for your residence.
    • The average monthly rent you and other members of your household paid was $450 or less, not counting charges for heat, gas, electricity, furnishings, or board.

Credit for Taxes Paid to a Province of Canada

Eligible taxpayers qualify for this credit if you:

• you were a full-year or part-year resident of New York State; and
• you had income sourced to and taxed by another state, a local government within another state, the District of Columbia, or a Canadian province 

Empire State Child Credit

To determine your eligibility to claim this credit, please refer to the question below:

Did you claim the federal child tax credit or credit for other dependents on your 2024 tax return? 

• If you answered NO, you are not eligible to claim this credit.
• If you answered YES, please review the instructions for Form IT-213 to determine if you qualify for this credit. 

Program Entry

• State Section
• Edit New York Return
• Credits

Additional Information 

• Form IT-201 Instructions