LindaS5247
Expert Alumni

State tax filing

What is the New York Enhanced Real Property tax credit?  How much is the credit?  

 

The amount of the credit is the product of the amount of real property tax which exceeds 6% of the taxpayer's qualified gross income (QGI), and a specified rate based on the taxpayer's QGI. To claim the credit, the computed amount must exceed $250. The maximum credit allowed is $350.

 

To enter this credit on your New York State Tax Return look for this under New York Credits and Taxes:

 

 

 

Then enter your information (as it applies to you):

 

Continue through the questions:

 

 

 

Continue to answer all questions:

 

 

If you are eligible, your credit it will show like this:

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"