How Do I Report the New York Real Property Tax Credit (Form IT‑214)?

New York no longer offers the Real Property Tax Relief Credit (Form IT‑229) beginning with tax year 2024. Taxpayers who qualify for a property-related credit may still be eligible for the Real Property Tax Credit, which is claimed on Form IT‑214, Claim for Real Property Tax Credit for Homeowners and Renters.

What Is Form IT‑214?

Form IT‑214 provides a refundable credit for qualifying New York homeowners and renters with low income. If the credit exceeds any tax owed, the excess is refunded to the taxpayer.

For tax year 2026:

• Taxpayers with a federal adjusted gross income (FAGI) of $18,000 or less may qualify.
• The maximum credit is $75 if the taxpayer, spouse, and all dependents are under age 65.
• The maximum credit is $375 if the taxpayer, spouse, or a dependent is age 65 or older.

Who Qualifies for the Credit?

To qualify for Form IT‑214, the taxpayer must meet all of the following requirements:

• Have a federal adjusted gross income of $18,000 or less.
• Occupy the same New York residence for more than six months during the year.
• Be a full-year New York resident.
• Not be claimable as a dependent on another taxpayer's federal return.
• Live in a residence that is not completely exempt from property taxes.
• Own real property with a total market value of $85,000 or less, if applicable.

Homeowners

In addition to the requirements above:

• The taxpayer or spouse must have paid New York real property taxes during the year.
• Any rent received from nonresidential use of the property cannot exceed 20% of total rent received.

Renters

In addition to the requirements above:

• The taxpayer or spouse must have paid rent for the residence.
• Average monthly rent must be $450 or less, excluding charges for utilities, furnishings, or meals.

Where Do I Enter Form IT‑214 in the Program?

Navigation

State Section → New York Return Credits → Real Property Tax Credit (IT‑214)

Complete the interview screens and enter the required homeowner or renter information. The program will generate Form IT‑214 if the taxpayer qualifies.

How Is the Credit Reported?

If the Taxpayer Is Filing a New York Return

Complete Form IT‑214 within the New York return. The credit amount will flow to line 67 of Form IT‑201 and be submitted with the return.

If the Taxpayer Is Not Required to File a New York Return

A taxpayer may still claim the credit by filing Form IT‑214 by itself and requesting a refund.

Note: Standalone Form IT‑214 filing is not supported in our program.

Can Prior-Year Credits Still Be Claimed?

 Eligible taxpayers may still file Form IT‑214 for prior years if they are within the filing deadline.

Important Note About Form IT‑229

Beginning with tax year 2024, New York discontinued Form IT‑229, Real Property Tax Relief Credit. Taxpayers looking for a New York property-related credit should instead review eligibility for Form IT‑214, Claim for Real Property Tax Credit for Homeowners and Renters.