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New York Free Printable Form IT-257 Claim of Right Credit Tax Year 2023 for 2024 New York Claim of Right Credit

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Claim of Right Credit
Form IT-257 Claim of Right Credit Tax Year 2023

IT-257 Department of Taxation and Finance Claim of Right Credit New York State • New York City • Yonkers • MCTMT Submit this claim form with Form IT-201, IT-203, or IT-205. Name(s) as shown on return Identifying number as shown on return Complete lines 1, 2, and 3, and all sections that apply (see instructions). 1 Enter the tax year for which you originally reported the income under a claim of right...... 1 2 Enter the amount of income repaid............................................................................................... 2 .00 3 Identify the type of income involved and the reason for the repayment: Section 1 – New York State tax 4 Previously computed New York State tax..................................................................................... 4 5 Recomputed New York State tax.................................................................................................. 5 6 New York State claim of right credit (subtract line 5 from line 4) .................................................. 6   Individuals – Enter the line 6 amount on Form IT-201-ATT, line 15, or Form IT-203-ATT, line 14.   Fiduciaries – Include the line 6 amount on Form IT-205, line 33. Section 2 – New York City resident tax 7 Previously computed New York City resident tax ......................................................................... 7 8 Recomputed New York City resident tax....................................................................................... 8 9 New York City resident claim of right credit (subtract line 8 from line 7) ..................................... 9   Individuals – Enter the line 9 amount on Form IT-201-ATT, line 16, or Form IT-203-ATT, line 15.   Fiduciaries – Include the line 9 amount on Form IT-205, line 33. Section 3 – New York City nonresident earnings tax 10 Previously computed New York City nonresident earnings tax .................................................... 10 11 Recomputed New York City nonresident earnings tax ................................................................. 11 12 New York City nonresident earnings tax claim of right credit (subtract line 11 from line 10)...... 12   Individuals – Enter the line 12 amount on Form IT-201-ATT, line 16, or Form IT-203-ATT, line 15.   Fiduciaries – Include the line 12 amount on Form IT-205, line 33. Section 4 – Yonkers resident income tax surcharge  13 Previously computed Yonkers resident income tax surcharge ..................................................... 13 14 Recomputed Yonkers resident income tax surcharge................................................................... 14 15 Yonkers resident claim of right credit (subtract line 14 from line 13) ........................................... 15   Individuals – Enter the line 15 amount on Form IT-201-ATT, line 17, or Form IT-203-ATT, line 16.   Fiduciaries – Include the line 15 amount on Form IT-205, line 33. Section 5 – Yonkers nonresident earnings tax 16 Previously computed Yonkers nonresident earnings tax............................................................... 16 17 Recomputed Yonkers nonresident earnings tax............................................................................ 17 18 Yonkers nonresident earnings tax claim of right credit (subtract line 17 from line 16) .............. 18   Individuals – Enter the line 18 amount on Form IT-201-ATT, line 17, or Form IT-203-ATT, line 16.   Fiduciaries – Include the line 18 amount on Form IT-205, line 33. Section 6 – Metropolitan commuter transportation mobility tax (MCTMT) 19 Previously computed MCTMT....................................................................................................... 19 20 Recomputed MCTMT.................................................................................................................... 20 21 MCTMT claim of right credit (subtract line 20 from line 19) ........................................................... 21   Individuals – Enter the line 21 amount on Form IT-201-ATT, line 17a, or Form IT-203-ATT, line 16a. 257001230094 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00
Extracted from PDF file 2023-new-york-form-it-257.pdf, last modified October 2006

More about the New York Form IT-257 Individual Income Tax Tax Credit TY 2023

If you have claim of right income for federal tax purposes and are claiming the federal claim of right credit on your federal return, you may also be entitled to a claim of right credit for New York State, New York City, Yonkers, or MCTMT. The claim of right credit is available to individuals, estates, and trusts. Claim of right income is income that was properly reported on a prior year’s tax return, but was later determined to have been paid to you in error and therefore had to be repaid. If the claim of right credit exceeds the amount of tax imposed for the tax year, the excess will be refunded to you. If you have federal claim of right income but elect to take the federal deduction instead of the credit, you cannot claim a credit for New York State, New York City, Yonkers, or MCTMT. Do not complete this form. However, depending upon the type of income repaid and whether you itemize your deductions for New York State purposes, you may get the deduction.

We last updated the Claim of Right Credit in January 2024, so this is the latest version of Form IT-257, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form IT-257 directly from TaxFormFinder. You can print other New York tax forms here.

Other New York Individual 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 IT-201 Individual Income Tax Return
IT-201-V Payment Voucher for Income Tax Returns
Form IT-201-D Resident Itemized Deduction Schedule (DISCONTINUED)
Form IT-203 Nonresident Income Tax Return
Form IT-201-I Individual Income Tax Return Instructions

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 IT-257 from the Department of Taxation and Finance in January 2024.

Show Sources >

Form IT-257 is a New York Individual 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 Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of New York Form IT-257

We have a total of twelve past-year versions of Form IT-257 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Form IT-257

Form IT-257 Claim of Right Credit Tax Year 2023

2022 Form IT-257

Form IT-257 Claim of Right Credit Tax Year 2021

2021 Form IT-257

Form IT-257 Claim of Right Credit Tax Year 2021

2020 Form IT-257

Form IT-257 Claim of Right Credit Tax Year 2020

2019 Form IT-257

Form IT-257:2019:Claim of Right Credit:it257

2018 Form IT-257

Form IT-257:2018:Claim of Right Credit:it257

2017 Form IT-257

Form IT-257:2017:Claim of Right Credit:IT257

2016 Form IT-257

Form IT-257:2016:Claim of Right Credit:IT257

2015 Form IT-257

Form IT-257:2015:Claim of Right Credit:IT257

Claim of Right Credit 2014 Form IT-257

Form IT-257:2014:Claim of Right Credit:IT257

Claim of Right Credit 2013 Form IT-257

Form IT-257:2013:Claim of Right Credit:IT257

2012 Form IT-257

Form IT-257:2012:Claim of Right Credit:IT257


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