New York Temporary Deferral Nonrefundable Payout Credit

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Temporary Deferral Nonrefundable Payout Credit
Form CT-501 Temporary Deferral Nonrefundable Payout Credit Tax Year 2024CT-501

Department of Taxation and Finance

Temporary Deferral Nonrefundable
Payout Credit

For Nonrefundable Credits Deferred for Tax Years Beginning on
Or After January 1, 2010 and Before January 1, 2013
Tax Law – Sections 34, 187-o, and 210-B.33

File this form with Form CT-3, CT-3-A, CT-3-S, CT-183, CT-184, CT-186, CT-186-E, or CT-186-P.
	 Legal name of corporation	

Employer identification number

Schedule A – Calculation of credit used and carried over
	1	 Temporary deferral nonrefundable payout credit carry forward from last year’s Form CT-501 .................	
	2	Tax due before credits (see instructions) .................................................................................................................	
	3	Tax credits claimed before this credit (see instructions) ......................................................................................	
	4	Subtract line 3 from line 2 .......................................................................................................................................	
	5	Minimum tax limitation (see instructions) .................................................................................................................	
	6	Credit limitation (subtract line 5 from line 4; if zero or less, enter 0) .......................................................................	
	7	Amount of credit used for the current tax year (see instructions) ......................................................................	
	8	Amount of credit available for carryover to next year (subtract line 7 from line 1) ...........................................	

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Extracted from PDF file 2024-new-york-form-ct-501.pdf, last modified November 2024

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More about the New York Form CT-501 Corporate Income Tax Tax Credit TY 2024

We last updated the Temporary Deferral Nonrefundable Payout Credit in January 2025, so this is the latest version of Form CT-501, fully updated for tax year 2024. You can download or print current or past-year PDFs of Form CT-501 directly from TaxFormFinder. You can print other New York tax forms here.

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Other New York Corporate Income Tax Forms:

TaxFormFinder has an additional 271 New York income tax forms that you may need, plus all federal income tax forms.

Form Code	Form Name
Form CT-3M/4M	General Business Corporation MTA Surcharge Return (Obsolete)
Form CT-6	Election by a Federal S Corporation to be Treated As a New York S Corporation
Form NYS-45-ATT	Quarterly Combined Withholding, Wage Reporting, and Unemployment Insurance Return - Attachment
Form IT-205-V	Instructions and Payment Voucher for Fiduciary Income Tax Returns Voucher
Form CT-247	Application for Exemption from Corporation Franchise Taxes By a Not-for-Profit Organization

Download all NY tax forms View all 272 New York Income Tax Forms

Form Sources:

New York usually releases forms for the current tax year between January and April. We last updated New York Form CT-501 from the Department of Taxation and Finance in January 2025.

Show Sources >

Form CT-501 is a New York Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of New York Form CT-501

We have a total of fourteen past-year versions of Form CT-501 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2024 Form CT-501

Form CT-501 Temporary Deferral Nonrefundable Payout Credit Tax Year 2024

2023 Form CT-501

Form CT-501 Temporary Deferral Nonrefundable Payout Credit Tax Year 2023

2022 Form CT-501

Form CT-501 Temporary Deferral Nonrefundable Payout Credit Tax Year 2022

2021 Form CT-501

Form CT-501 Temporary Deferral Nonrefundable Payout Credit Tax Year 2021

2020 Form CT-501

Form CT-501 Temporary Deferral Nonrefundable Payout Credit Tax Year 2020

2019 Form CT-501

Form CT-501:2019:Temporary Deferral Nonrefundable Payout Credit:ct501

2018 Form CT-501

Form CT-501:2018:Temporary Deferral Nonrefundable Payout Credit:ct501

2017 Form CT-501

Form CT-501:2017:Temporary Deferral Nonrefundable Payout Credit:ct501

2016 Form CT-501

Form CT-183-M:2016:Transportation and Transmission Corporation MTA Surcharge Return:CT183M

2015 Form CT-501

Form CT-501:2015:Temporary Deferral Nonrefundable Payout Credit:ct501

2014 Form CT-501

Form CT-501:2014:Temporary Deferral Nonrefundable Payout Credit:ct501

2013 Form CT-501

Form CT-501:2013:Temporary Deferral Nonrefundable Payout Credit:ct501

2012 Form CT-501

Form CT-501:2012:Temporary Deferral Nonrefundable Payout Credit:ct501

2011 Form CT-501

CT-501:2011:Temporary Deferral Nonrefundable Payout Credit:ct501

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