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How can I figure out what my NY STAR credit was?

 
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4 Replies
kris
New Member

How can I figure out what my NY STAR credit was?

If you're talking about the entry for STAR credit amount, that's for people who received a check from NY State.  If you didn't receive a check and you just have your taxes reduced automatically with STAR, you don't need to enter an amount.

If you can't remember if you received a check or not, you can call NY State Dept of Taxation & Finance and they can look up the amounts they sent you and the dates they were sent. (Be prepared to be on hold for a while.)

How can I figure out what my NY STAR credit was?

I'm not sure this is correct.  I live in a co-op and the accounting firm our management uses states that we must reduce the amount of real estate taxes we paid by the amount of star credit (reduction) in our monthly maintenance (time 12).  So if I paid $3,000 in real estate taxes (portion of my annual maintenance which went to pay real estate taxes) and I received an annual STAR credit of, say, $1,500, I can only deduct $1,500 as real estate taxes.  For those of you who wonder about real estate taxes and co-ops, each month our maintenance is reduced by monthly pro-rated star credit).

How can I figure out what my NY STAR credit was?

Would NYS have sent me something like a 1099 or something similar to declare the check on my taxes

 

MayaD
Expert Alumni

How can I figure out what my NY STAR credit was?

No. You won't receive a form.

If you received a check for the School Tax Relief (STAR) credit, you do not need to do anything on your New York State income tax return, unless you itemize your deductions.

 

If you itemize your deductions, reduce your itemized deduction for real estate taxes paid by the total amount of any STAR credit received during the tax year; keep your check stub with your tax records.

 

To verify if you received a check for the STAR credit, use our Property Tax Credit Lookup

ny.gov

STAR resource center

 

In TurboTax, enter the amount of your STAR credit on the New York screen Tell us if you received one of these New York tax breaks in 2023

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