NY REAL PROPERTY TAX RELIEF CREDIT

Forum|Forum|4 years ago
January 28, 2022
2 replies
22 views

I need help with finding how how Turbo Tax is entering the NY Real Property Tax Relief credit on my tax return documents.

I enter all the information and I qualify for a credit of $287, however Turbo Tax reduces my NY state return by $17 rather than increasing by $287. I believe its being processed incorrectly as when I use a different software my return clearly increased by $287. Even doing all the paper work manually my return increases. Is there a method to see when all these numbers are being put in the IT-201

TurboTax Deluxe Online

aliane1

Level 2

I am having the same exact issue! I had an accountant look at it for me and everything is entered correctly but it is just not populating the credit on the turbo tax end

ULSTERCAZAuthor

Level 3

I’ve spoke to turbo tax expert twice and they can’t figure it out. I’m just waiting to see if they update the software.

DaveF1006

Level 15

.It depends. Read over this document from the NY gov website regarding the Real property tax credit to see if you qualify.

your household gross income is $18,000 or less;
you occupied the same New York residence for six months or more;
You were a New York State resident for the entire tax year;
you could not be claimed as a dependent on another taxpayer's federal income tax return;
your residence was not completely exempted from real property taxes;
the current market value of all real property you owned, such as houses, garages, and land, was $85,000 or less; and
you meet all the conditions listed under either Homeowners or Renters below.

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rbodeman

Level 2

I think part of the issue here is it appears Turbo Tax has named this incorrectly. NYS has a Real Property Tax Credit and a Property Tax Relief Credit but NOT a Real Property Tax Relief Credit. Turbo Tax has combined the names of the two. They are 2 different things being offered by NYS but its misleading what Turbo Tax is actually working on here with this part of the program.