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New York Temporary Deferral Nonrefundable Payout Credit
Extracted from PDF file 2024-new-york-form-it-501.pdf, last modified November 2014Temporary Deferral Nonrefundable Payout Credit
IT-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 and 606(qq) Submit this form with Form IT-201, IT-203, or IT-205. Name(s) as shown on return Identifying number (SSN or EIN ) Schedule A – Calculation of credit used and carried over 1 Temporary deferral nonrefundable payout credit carryover from last year’s Form IT-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 Amount of credit used for the current tax year (enter the amount from line 1 or line 4, whichever is less; see instructions) ....................................................................................................................... 6 Amount of credit available for carryover to next year (subtract line 5 from line 1)............................. 501001240094 1 2 3 4 .00 .00 .00 .00 5 6 .00 .00
Form IT-501 Temporary Deferral Nonrefundable Payout Credit Tax Year 2024
More about the New York Form IT-501 Individual 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 IT-501, fully updated for tax year 2024. You can download or print current or past-year PDFs of Form IT-501 directly from TaxFormFinder. You can print other New York tax forms here.
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TaxFormFinder has an additional 271 New York income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| IT-201-V | Payment Voucher for Income Tax Returns |
| Form IT-201-D | Resident Itemized Deduction Schedule (DISCONTINUED) |
| Form IT-201-I | Individual Income Tax Return Instructions |
| Form IT-2104 | Employee's Withholding Allowance Certificate |
| Form 203-I | Nonresident Income Tax Instructions |
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-501 from the Department of Taxation and Finance in January 2025.
Form IT-501 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-501
We have a total of thirteen past-year versions of Form IT-501 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2024 Form IT-501
Form IT-501 Temporary Deferral Nonrefundable Payout Credit Tax Year 2024
2023 Form IT-501
Form IT-501 Temporary Deferral Nonrefundable Payout Credit Tax Year 2023
2022 Form IT-501
Form IT-501 Temporary Deferral Nonrefundable Payout Credit Tax Year 2022
2021 Form IT-501
Form IT-501 Temporary Deferral Nonrefundable Payout Credit Tax Year 2021
2020 Form IT-501
Form IT-501:2019:Temporary Deferral Nonrefundable Payout Credit:it501
2019 Form IT-501
Form IT-501:2019:Temporary Deferral Nonrefundable Payout Credit:it501
2018 Form IT-501
Form IT-501:2018:Temporary Deferral Nonrefundable Payout Credit:it501
2017 Form IT-501
Form IT-501:2017:Temporary Deferral Nonrefundable Payout Credit:it501
2016 Form IT-501
Form IT-501:2016:Temporary Deferral Nonrefundable Payout Credit:it501
2015 Form IT-501
Form IT-501:2015:Temporary Deferral Nonrefundable Payout Credit:it501
2014 Form IT-501
Form IT-501:2014:Temporary Deferral Nonrefundable Payout Credit:it501
2013 Form IT-501
Form IT-501:2013:Temporary Deferral Nonrefundable Payout Credit:it501
2012 Form IT-501
Form IT-501:2012:Temporary Deferral Nonrefundable Payout Credit:it501
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