TaxFormFinder
New York Pass-Through Entity Tax Credit
Extracted from PDF file 2024-new-york-it-653.pdf, last modified November 2022Pass-Through Entity Tax Credit
IT-653 Department of Taxation and Finance Pass-Through Entity Tax Credit New York State • New York City Tax Law – Sections 606(kkk) and 1310(g) Submit this form with Form IT-201, IT-203, or IT-205. Name(s) as shown on return Identifying number as shown on return Schedule A – Pass-through entity tax (PTET) and NYC PTET paid on your behalf (see instructions) A Name of entity B Employer identification number C PTET credit amount D NYC PTET credit amount .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 Total of column C and D amounts from any additional Forms IT-653 .................. .00 .00 1 Add column C amounts.............................................................................. .00 1 2 Add column D amounts ........................................................................................................................ 2 .00 3 Add lines 1 and 2 (see instructions) ........................................................................................................ 3 .00 653001240094
Form IT-653 Pass-Through Entity Tax Credit Tax Year 2024
More about the New York IT-653 Corporate Income Tax TY 2024
Entitled to the pass-through entity tax (PTET), a partner/member/shareholder of a partnership or S Corporation can file this tax under article 24-A
We last updated the Pass-Through Entity Tax Credit in January 2025, so this is the latest version of IT-653 , fully updated for tax year 2024. You can download or print current or past-year PDFs of IT-653 directly from TaxFormFinder. You can print other New York tax forms here.
eFile your New York tax return now 
eFiling is easier, faster, and safer than filling out paper tax forms. File your New York and Federal tax returns online with TurboTax in minutes. FREE for simple returns, with discounts available for TaxFormFinder users!
File Now with TurboTaxOther 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.
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 IT-653 from the Department of Taxation and Finance in January 2025.
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 IT-653
We have a total of three past-year versions of IT-653 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2024 IT-653
Form IT-653 Pass-Through Entity Tax Credit Tax Year 2024
2023 IT-653
Form IT-653 Pass-Through Entity Tax Credit Tax Year 2023
2022 IT-653
Form IT-653 Pass-Through Entity Tax Credit Tax Year 2021
TaxFormFinder Disclaimer:
While we do our best to keep our list of New York Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.