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New York Free Printable Form IT-272 Claim for College Tuition Credit or Itemized Deduction Tax Year 2023 for 2024 New York Claim for College Tuition Credit or Itemized Deduction

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Claim for College Tuition Credit or Itemized Deduction
Form IT-272 Claim for College Tuition Credit or Itemized Deduction Tax Year 2023

IT-272 Department of Taxation and Finance Claim for College Tuition Credit or Itemized Deduction Full-year New York State residents only Tax Law – Section 606(t) Submit your completed Form IT-272 with Form IT-201. Your name as shown on return (first name first) Your Social Security number Spouse’s name (first name first) Spouse’s Social Security number Note: If you are married and filing separate New York State returns, you must also enter your spouse’s name and Social Security number. 1 Are you claimed as a dependent on another taxpayer’s New York State tax return for this tax year?............. 1 Yes No • If Yes, stop; you do not qualify for the college tuition credit or the college tuition itemized deduction. • If No, continue with question 2. 2 Were you (and your spouse if filing a joint return) a New York State resident for all of this tax year?........ 2 • If Yes, continue with Part 1 below. • If No, stop; you do not qualify for the college tuition credit. However, you may qualify for the   college tuition itemized deduction. For more information, see the instructions for Form IT-203. Yes No Part 1 – In the spaces provided below, complete A through I for up to three eligible students for whom you paid qualified college tuition expenses. (If you are claiming expenses for more than three eligible students, see instructions.) Eligible A student 1 First name MI Last name Suffix B  Social Security number C Date of birth (mmddyyyy) D Is the student claimed as a dependent on your NYS return? (see instructions) ....................... Yes E EIN of college or university (see instructions) F G Were expenses for undergraduate tuition? (see instructions)................................................. Yes H Amount of qualified college tuition I Enter the lesser .00 of line H or 10,000 ..... expenses (see instructions) ............... Eligible A student 2 First name MI Last name Suffix F No .00 B  Social Security number C Date of birth mmddyyyy) D Is the student claimed as a dependent on your NYS return? (see instructions) ....................... Yes E EIN of college or university (see instructions) No Name of college or university (see instructions) No Name of college or university (see instructions) G Were expenses for undergraduate tuition? (see instructions)................................................. Yes No H Amount of qualified college tuition I Enter the lesser .00 of line H or 10,000 ..... expenses (see instructions) ............... Eligible A student 3 First name MI Last name Suffix B  Social Security number C Date of birth (mmddyyyy) D Is the student claimed as a dependent on your NYS return? (see instructions) ....................... Yes E EIN of college or university (see instructions) F .00 No Name of college or university (see instructions) G Were expenses for undergraduate tuition? (see instructions)................................................. Yes H Amount of qualified college tuition I Enter the lesser .00 of line H or 10,000 ..... expenses (see instructions) ............... No 3 Total qualified college tuition expenses (total the line I amounts for all eligible students, including amounts from   additional forms, then complete Part 2 or Part 3) ............................................................................................... 3 272001230094 .00 .00 IT-272 (2023) (back) Part 2 – Complete Part 2 if your total qualified college tuition expenses on line 3 are less than $5,000. 4 Credit limitation ($200).................................................................................................................................. 4 200 .00 5 Enter the lesser of line 3 or line 4. This is your college tuition credit ......................................................... 5 .00 • If you did not itemize your deductions on your New York return, enter the line 5 amount   on Form IT-201, line 68. • If you itemized your deductions on your New York return, continue with Part 4. Part 3 – Complete Part 3 if your total qualified college tuition expenses on line 3 are $5,000 or more. 6 Enter the amount from line 3......................................................................................................................... 6 .00 7 Multiply line 6 by 4% (0.04). This is your college tuition credit.................................................................. 7 .00 • If you did not itemize your deductions on your New York return, enter the line 7 amount   on Form IT-201, line 68. • If you itemized your deductions on your New York return, continue with Part 4. Part 4 – College tuition itemized deduction election If you itemized your deductions on your New York return, you may elect to claim the college tuition itemized deduction instead of the college tuition credit. To compute your college tuition itemized deduction, complete Worksheet 1 in the instructions for this form. To determine if you will receive a greater tax benefit from the itemized deduction or credit, complete Worksheet 2 in the instructions for this form. 8 Mark an X in this box only if you elect to claim the college tuition itemized deduction.......................................................... 8 • If you marked an X in the box at line 8, enter the amount from Worksheet 1, line 5 (in the instructions for this form), on Form IT-196, New York Resident, Nonresident, and Part-Year Resident Itemized Deductions. Do not enter the college tuition credit from line 5 or 7 above on Form IT-201. You are entitled to claim either the deduction or the credit, but not both. • If you did not mark an X in the box at line 8 and you elect to claim the college tuition credit instead of the college tuition itemized deduction, enter the line 5 or line 7 amount on Form IT-201, line 68. Important: If you are claiming the college tuition credit or the college tuition itemized deduction, you must submit Form IT-272 with your return. 272002230094
Extracted from PDF file 2023-new-york-form-it-272.pdf, last modified October 2006

More about the New York Form IT-272 Individual Income Tax Tax Credit TY 2023

This form is to be filled out by full-year New York State residents only.

We last updated the Claim for College Tuition Credit or Itemized Deduction in January 2024, so this is the latest version of Form IT-272, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form IT-272 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-272 from the Department of Taxation and Finance in January 2024.

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Form IT-272 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-272

We have a total of twelve past-year versions of Form IT-272 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Form IT-272

Form IT-272 Claim for College Tuition Credit or Itemized Deduction Tax Year 2023

2022 Form IT-272

Form IT-272 Claim for College Tuition Credit or Itemized Deduction Tax Year 2022

2021 Form IT-272

Form IT-272 Claim for College Tuition Credit or Itemized Deduction Tax Year 2021

2020 Form IT-272

Form IT-272:2020:Claim for College Tuition Credit or Itemized Deduction for New York State Residents:it272

2019 Form IT-272

Form IT-272:2019:Claim for College Tuition Credit or Itemized Deduction for New York State Residents:it272

2018 Form IT-272

Form IT-272:2018:Claim for College Tuition Credit or Itemized Deduction for New York State Residents:it272

2017 Form IT-272

Form IT-272:2017:Claim for College Tuition Credit or Itemized Deduction for New York State Residents:IT272

2016 Form IT-272

Form IT-272:2016:Claim for College Tuition Credit or Itemized Deduction for New York State Residents:IT272

2015 Form IT-272

Form IT-272:2015:Claim for College Tuition Credit or Itemized Deduction for New York State Residents:IT272

Claim for College Tuition Credit or Itemized Deduction (full-year New York State residents only) 2014 Form IT-272

Form IT-272:2014:Claim for College Tuition Credit or Itemized Deduction for New York State Residents:IT272

Claim for College Tuition Credit or Itemized Deduction (full-year New York State residents only) 2013 Form IT-272

Form IT-272:2013:Claim for College Tuition Credit or Itemized Deduction for New York State Residents:IT272

2012 Form IT-272

Form IT-272:2012:Claim for College Tuition Credit or Itemized Deduction for New York State Residents:IT272


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